Bonk (BONK) price is up 7% on Tuesday, building on the previous day’s 7% gains to reclaim the 14% loss from last week. A Solana-based meme coin is gaining retail attention as speculative, leverage-driven demand has lifted BONK Open Interest by 35% over the last 24 hours. The technical outlook is bullish, with upside momentum gaining traction.
Bitcoin (BTC) starts September on a stronger footing after delivering a nearly 25% monthly return in August, its best performance in 21 months. BTC is trading above $78,900 on Tuesday, while renewed spot Exchange Traded Funds (ETFs) inflows and Strategy’s (MSTR) latest Bitcoin purchase signal continued institutional demand. However, historical September performance for the Crypto King suggests traders should remain cautious despite the strong start to the month.
Cryptocurrency prices are broadly consolidating on Tuesday, after the uptrend stalled amid renewed geopolitical tensions in the Middle East last weekend. Bitcoin (BTC)n hovers above $78,000 support as bulls struggle to extend gains. Meanwhile, Ethereum (ETH) and Ripple (XRP) mirror Bitcoin’s neutral-to-bullish outlook, trading above key support levels at $2,400 and $1.35, respectively.
Feed from Fxstreet.com