Bitcoin price rebounds from $110K ahead of Nvidia earnings, CRO, JTO lead altcoins
Bitcoin bulls fiercely defended the $110,000 support level throughout the day, holding firm against persistent bearish pressure before momentum shifted back in their favour during late trading hours.
When writing, the total crypto market cap was recovering from the weekend dip and was up nearly 2% just below the $4 trillion mark.
Market sentiment also improved slightly over the past 24 hours. The crypto fear and greed index was flashing neutral at 51, which is typically a sign of uncertainty among traders over the upcoming direction.
For altcoins, the day brought mixed results, with some high-cap tokens notching double-digit gains as US markets opened, while others continued to recover from early-week losses.
Why was the Bitcoin price going down?
Bitcoin price dipped below the $110,000 mark once again during the session, slipping into a downward trajectory after failing to sustain an earlier breakout attempt.
A clear technical signal emerged before the fall—Bitcoin’s Relative Strength Index (RSI) crossed 70, placing it squarely in the overbought zone.
This often serves as a red flag for seasoned traders, prompting a wave of profit-taking.
The move quickly snowballed as short-term holders began to exit, triggering sell-side pressure that tipped Bitcoin into a sharper decline.
Adding to the drop was a large-scale whale sell-off that rattled the market over the weekend.
On-chain data revealed a massive transaction on August 26 from a single wallet unloading around 24,000 BTC.
That sell alone acted as a catalyst for a flash crash, setting off more than $940 million in forced liquidations across Bitcoin, Ethereum, and other major tokens.
As liquidation levels rose, the sell-off fed into itself, deepening the losses and pushing Bitcoin further below the key support level.
Markets were also reacting to Friday’s speech from the Federal Reserve, which poured cold water on the prior rally.
Although investors had briefly interpreted Jerome Powell’s Jackson Hole address as dovish, the enthusiasm wore thin as the day progressed and traders reassessed their exposure, particularly for high-risk assets like crypto.
Bitcoin price bounces back
Bitcoin price rebounded late in the day as a mix of macroeconomic and market-specific factors reignited interest across the board.
One major driver was anticipation around Nvidia’s upcoming earnings report.
As the world’s most valuable company and a cornerstone of the AI sector, Nvidia’s results have increasingly served as a sentiment gauge for both traditional and crypto markets.
Strong earnings tend to signal bullish momentum for tech-driven sectors, including digital assets.
With investors positioning ahead of the release, risk appetite started to return.
At the same time, dovish commentary from New York Fed President John Williams injected fresh optimism into the market.
Williams said the September FOMC meeting would be “live” and acknowledged “balanced risks,” a phrase many read as code for a possible rate cut.
That helped revive hopes that the Fed could pivot sooner than expected, a tailwind for Bitcoin and Ethereum, both of which are highly sensitive to shifts in interest rate expectations.
Improving conditions in the derivatives market also added fuel to the late-day rally.
Data from CoinGlass showed Bitcoin’s open interest climbing to $82 billion, with Ethereum’s rising for a third straight day to reach $64 billion.
Other top altcoins such as Solana, XRP, and Dogecoin saw similar increases. Rising open interest usually points to renewed demand and bullish positioning among traders.
At the same time, liquidations fell sharply, down 72% to $200 million, which meant fewer forced sell-offs were hitting the order books, allowing prices to stabilise and recover.
Will Bitcoin price crash again?
Based on the 24-hour Bitcoin liquidation heatmap from CoinGlass, the $110,000 level continues to hold firm as a solid base of buyer interest, with limited liquidation clusters showing up below this zone.
Notably, the heatmap shows a dense pocket of liquidation levels clustered just above $112,000, with even more substantial resistance building near the $114,000–$115,000 range.
These areas represent regions where large numbers of short positions could be forced to unwind if the price breaks through with conviction.
For now, the path higher appears to face friction around the $114,000 level, where several liquidation bands stack up.
This makes it the most likely upside target in the short term, especially if bullish momentum continues to build around upcoming macro events like Nvidia’s earnings and September’s FOMC meeting.
Bulls would be watching out for a clean breakout above $112,000 to trigger a chain of short liquidations that could push Bitcoin swiftly toward that $114k–$115k target.
If that resistance gives way, the next major zone on the heatmap appears around $116,000.
Bitcoin analyst AlphaBTC shared a chart showing that the area between $110,000 and $112,000 was key for Bitcoin.
If BTC fails to defend this area, he speculated a correction towards $105k.
When writing, Bitcoin was still trading within that range, which means it’s not out of the woods just yet.
Others, like market commentator Ted Pillows, pointed to a recurring weekly pattern that has played out almost consistently since July—a Monday dump, a Tuesday low, followed by a mid-week recovery.
According to his latest chart, this pattern repeated this week, with Bitcoin marking a local bottom on Tuesday after selling pressure earlier in the week.
If history rhymes, this setup could pave the way for another short-term bounce.
While the scale of the rally may vary, prior cycles show a tendency for Bitcoin to retrace some of the early-week losses and revisit previous highs before consolidating.
Bitcoin was changing hands at $112,023, up 1.5% on the day as of press time.
Altcoin market
The combined market capitalisation of all altcoins rose around 1.1% over the past 24 hours to $1.73 trillion as of press time.
Ethereum (ETH), the leading altcoin by market capitalisation, traded sideways for most of the day before closing with a modest gain of 1%.
Other large-cap cryptocurrencies such as XRP, Dogecoin (DOGE), Cardano (ADA), and Sui (SUI) recorded gains in the range of 1% to 3%, while Solana (SOL) posted a relatively stronger move, rising by around 8%.
Cronos (CRO) stood out as the best performer among the top 100 altcoins, rallying 30.5% and significantly outpacing Jito (JTO) and Hyperliquid (HYPE), which posted gains of approximately 11% and 10.5%, respectively.
Source: CoinMarketCap
Cronos: CRO’s sharp surge today was sparked by the announcement of a new crypto treasury initiative led by Trump Media Group in partnership with Crypto.com and Yorkville Acquisition, with the fund specifically focused on accumulating CRO tokens.
The token’s rally also gained momentum after the Cronos team released its 2025–2026 roadmap, outlining plans to expand the on-chain ecosystem and drive adoption.
Jito: JTO rallied today largely on renewed optimism around Solana’s liquid staking ecosystem, where Jito plays a key role as a leading protocol.
The rally gained further momentum amid speculation over a potential JitoSOL ETF, which boosted investor interest in the JTO token.
Hyperliquid: HYPE gains were driven by whale interest and on-chain activity.
Notably, a whale transferred a massive 22,000 BTC into the Hyperliquid platform and used it to buy 472,000 ETH, sparking a wave of buying momentum as the protocol gained visibility and credibility.
Additionally, Hyperliquid pulled in $6 million in trading fees over the past day, surpassing the total accrued by Solana, Tron, and Ethereum combined.
The rally was further boosted when Hyperliquid’s native token, HYPE, hit a new all-time high above $50, supported by strong technicals and heightened futures activity, as open interest in HYPE hit new record levels.
The post Bitcoin price rebounds from $110K ahead of Nvidia earnings, CRO, JTO lead altcoins appeared first on Invezz
Read More
Crypto market rally: why are altcoins like SOL, CRO, NMR, LPT rising?
Bitcoin price rebounds from $110K ahead of Nvidia earnings, CRO, JTO lead altcoins
Bitcoin bulls fiercely defended the $110,000 support level throughout the day, holding firm against persistent bearish pressure before momentum shifted back in their favour during late trading hours.
When writing, the total crypto market cap was recovering from the weekend dip and was up nearly 2% just below the $4 trillion mark.
Market sentiment also improved slightly over the past 24 hours. The crypto fear and greed index was flashing neutral at 51, which is typically a sign of uncertainty among traders over the upcoming direction.
For altcoins, the day brought mixed results, with some high-cap tokens notching double-digit gains as US markets opened, while others continued to recover from early-week losses.
Why was the Bitcoin price going down?
Bitcoin price dipped below the $110,000 mark once again during the session, slipping into a downward trajectory after failing to sustain an earlier breakout attempt.
A clear technical signal emerged before the fall—Bitcoin’s Relative Strength Index (RSI) crossed 70, placing it squarely in the overbought zone.
This often serves as a red flag for seasoned traders, prompting a wave of profit-taking.
The move quickly snowballed as short-term holders began to exit, triggering sell-side pressure that tipped Bitcoin into a sharper decline.
Adding to the drop was a large-scale whale sell-off that rattled the market over the weekend.
On-chain data revealed a massive transaction on August 26 from a single wallet unloading around 24,000 BTC.
That sell alone acted as a catalyst for a flash crash, setting off more than $940 million in forced liquidations across Bitcoin, Ethereum, and other major tokens.
As liquidation levels rose, the sell-off fed into itself, deepening the losses and pushing Bitcoin further below the key support level.
Markets were also reacting to Friday’s speech from the Federal Reserve, which poured cold water on the prior rally.
Although investors had briefly interpreted Jerome Powell’s Jackson Hole address as dovish, the enthusiasm wore thin as the day progressed and traders reassessed their exposure, particularly for high-risk assets like crypto.
Bitcoin price bounces back
Bitcoin price rebounded late in the day as a mix of macroeconomic and market-specific factors reignited interest across the board.
One major driver was anticipation around Nvidia’s upcoming earnings report.
As the world’s most valuable company and a cornerstone of the AI sector, Nvidia’s results have increasingly served as a sentiment gauge for both traditional and crypto markets.
Strong earnings tend to signal bullish momentum for tech-driven sectors, including digital assets.
With investors positioning ahead of the release, risk appetite started to return.
At the same time, dovish commentary from New York Fed President John Williams injected fresh optimism into the market.
Williams said the September FOMC meeting would be “live” and acknowledged “balanced risks,” a phrase many read as code for a possible rate cut.
That helped revive hopes that the Fed could pivot sooner than expected, a tailwind for Bitcoin and Ethereum, both of which are highly sensitive to shifts in interest rate expectations.
Improving conditions in the derivatives market also added fuel to the late-day rally.
Data from CoinGlass showed Bitcoin’s open interest climbing to $82 billion, with Ethereum’s rising for a third straight day to reach $64 billion.
Other top altcoins such as Solana, XRP, and Dogecoin saw similar increases. Rising open interest usually points to renewed demand and bullish positioning among traders.
At the same time, liquidations fell sharply, down 72% to $200 million, which meant fewer forced sell-offs were hitting the order books, allowing prices to stabilise and recover.
Will Bitcoin price crash again?
Based on the 24-hour Bitcoin liquidation heatmap from CoinGlass, the $110,000 level continues to hold firm as a solid base of buyer interest, with limited liquidation clusters showing up below this zone.
Notably, the heatmap shows a dense pocket of liquidation levels clustered just above $112,000, with even more substantial resistance building near the $114,000–$115,000 range.
These areas represent regions where large numbers of short positions could be forced to unwind if the price breaks through with conviction.
For now, the path higher appears to face friction around the $114,000 level, where several liquidation bands stack up.
This makes it the most likely upside target in the short term, especially if bullish momentum continues to build around upcoming macro events like Nvidia’s earnings and September’s FOMC meeting.
Bulls would be watching out for a clean breakout above $112,000 to trigger a chain of short liquidations that could push Bitcoin swiftly toward that $114k–$115k target.
If that resistance gives way, the next major zone on the heatmap appears around $116,000.
Bitcoin analyst AlphaBTC shared a chart showing that the area between $110,000 and $112,000 was key for Bitcoin.
If BTC fails to defend this area, he speculated a correction towards $105k.
When writing, Bitcoin was still trading within that range, which means it’s not out of the woods just yet.
Others, like market commentator Ted Pillows, pointed to a recurring weekly pattern that has played out almost consistently since July—a Monday dump, a Tuesday low, followed by a mid-week recovery.
According to his latest chart, this pattern repeated this week, with Bitcoin marking a local bottom on Tuesday after selling pressure earlier in the week.
If history rhymes, this setup could pave the way for another short-term bounce.
While the scale of the rally may vary, prior cycles show a tendency for Bitcoin to retrace some of the early-week losses and revisit previous highs before consolidating.
Bitcoin was changing hands at $112,023, up 1.5% on the day as of press time.
Altcoin market
The combined market capitalisation of all altcoins rose around 1.1% over the past 24 hours to $1.73 trillion as of press time.
Ethereum (ETH), the leading altcoin by market capitalisation, traded sideways for most of the day before closing with a modest gain of 1%.
Other large-cap cryptocurrencies such as XRP, Dogecoin (DOGE), Cardano (ADA), and Sui (SUI) recorded gains in the range of 1% to 3%, while Solana (SOL) posted a relatively stronger move, rising by around 8%.
Cronos (CRO) stood out as the best performer among the top 100 altcoins, rallying 30.5% and significantly outpacing Jito (JTO) and Hyperliquid (HYPE), which posted gains of approximately 11% and 10.5%, respectively.
Source: CoinMarketCap
Cronos: CRO’s sharp surge today was sparked by the announcement of a new crypto treasury initiative led by Trump Media Group in partnership with Crypto.com and Yorkville Acquisition, with the fund specifically focused on accumulating CRO tokens.
The token’s rally also gained momentum after the Cronos team released its 2025–2026 roadmap, outlining plans to expand the on-chain ecosystem and drive adoption.
Jito: JTO rallied today largely on renewed optimism around Solana’s liquid staking ecosystem, where Jito plays a key role as a leading protocol.
The rally gained further momentum amid speculation over a potential JitoSOL ETF, which boosted investor interest in the JTO token.
Hyperliquid: HYPE gains were driven by whale interest and on-chain activity.
Notably, a whale transferred a massive 22,000 BTC into the Hyperliquid platform and used it to buy 472,000 ETH, sparking a wave of buying momentum as the protocol gained visibility and credibility.
Additionally, Hyperliquid pulled in $6 million in trading fees over the past day, surpassing the total accrued by Solana, Tron, and Ethereum combined.
The rally was further boosted when Hyperliquid’s native token, HYPE, hit a new all-time high above $50, supported by strong technicals and heightened futures activity, as open interest in HYPE hit new record levels.
The post Bitcoin price rebounds from $110K ahead of Nvidia earnings, CRO, JTO lead altcoins appeared first on Invezz
Read More