🔵Between September 5–12, Bitcoin and major altcoins posted strong gains as traders positioned ahead of a possible Fed rate cut. BTC broke above $115,000 for the first time in two and a half weeks, with bullish momentum supported by spot ETF inflows and technical signals. Still, some analysts point to the asset’s historical correlation with South Korea’s KOSPI index as a caution flag, suggesting the market may be nearing a local cycle peak.
🔵Ethereum also strengthened above $4,500, buoyed by rising stablecoin supply and robust network revenue, though concerns mount over the mass exit of validators from staking. The week’s biggest mover was Avalanche (AVAX), which surged 16% on news of a planned $1B ecosystem reserve and TVL climbing past $2B. Overall, the week underscored how the market continues to trade on central bank expectations — and is primed for its next catalyst.