Daily Crypto Roundup - 12 Sep

Today’s Market Update

Bitcoin was up 0.45% at $115,122, Ethereum was up 2.73%, Solana was up 5.53%, and XRP was up 0.86% over the past 24 hours.

Ted Pillows said Bitcoin has reclaimed $113,500, with $117,200 marked as the next crucial level aligning with a CME gap. A breakout could pave the way to new all-time highs, while rejection may trigger a retest of monthly lows.

Crypto Deadline highlighted that Bitcoin's chart is showing a familiar pattern, a drop, followed by a breakout, then a strong pump, with current MACD signals suggesting another rally may be forming.

For Solana, Martinez observed that is emerging from a cup-and-handle pattern, setting $1,314.41 as its primary target

Crypto Dynamics Roundup

Coinbase: Crypto bull market likely to extend into Q4, supported by funds and policy

Coinbase analysts predict the crypto bull market could continue into Q4, driven by strong liquidity, favorable macro conditions, and positive regulatory signals. Bitcoin’s historical September declines have weakened in 2023 and 2024, with limited statistical significance.

Coinbase highlighted digital asset treasuries (DATs) holding over 1M BTC (~$110B), 4.9M ETH (~$21.3B), and 8.9M SOL (~$1.8B), providing price support. Retail investor returns may signal an “altcoin season,” with large cryptos benefiting and smaller tokens facing consolidation pressure.

Coinbase research head: Digital asset treasury demand to support market short-term

Coinbase research head David Duong posted that technical demand from digital asset treasuries (DATs) will support the crypto market short-term, but the DAT phenomenon has reached a pivotal turning point. The market is past the 6-9 month early adoption phase but not nearing its end.

Instead, it has entered a “PvP” competitive phase, where success hinges on execution, differentiation, and timing, not merely copying Strategy’s playbook.

LD Capital founder: Bullish on ETH post-consolidation, concentrated ETH outperforms diversified investments

LD Capital founder Jack Yi posted that he remains bullish on ETH continuing its bull trend after consolidation, noting ETH’s pattern of rising $1,000, consolidating, then climbing again from its $1,000+ base. Among diversified investments, only ENA outperformed ETH, making concentrated ETH investment superior overall.

BlackRock explores tokenizing ETFs and traditional assets on blockchain

Bloomberg reports BlackRock is studying tokenization of ETFs and other traditional assets on blockchain to enable 24/7 trading, enhance global accessibility, and provide new collateral for crypto networks. Its $2B+ tokenized money market fund BUIDL has been tested on JPMorgan’s platform. The tokenized asset market is ~$28B, far below the U.S. ETF industry.