Fetch.ai price

Crypto market dynamics this week Last week (9.08-9.14), the net inflow of BTC ETFs was $2.33 billion, and BTC bottomed out from around $110,000 last week and reached a high of around $116,600, indicating a good overall market performance. The current BTC market share is temporarily at 56.9%, a new low since 2025, and altcoins have performed strongly during the same period. Expectations for a rate cut in September became clearer after the release of US CPI data last Thursday, with the market even betting on the possibility that the Fed may announce a 50 basis point rate cut this week. Last week, ETH ETFs had a net inflow of $640 million, and in the trading day after the CPI data was released last Thursday, ETH ETF inflows exceeded $400 million in a single day, driving ETH to a weekly high of $4,769. ETH's market share is temporarily reported at 13.8%, up nearly 0.3% from last week; The ETH/BTC exchange rate is temporarily trading at 0.04, up more than 5% from last week, indicating that ETH has outperformed BTC during this cycle. ETH is currently down 7% from its all-time high set in August, and the market is waiting for the Federal Reserve FOMC to announce its interest rate decision and summary of economic expectations at 2:00 a.m. Beijing time on September 18, when the market may fluctuate greatly. Popular coins of the week In terms of popular coins, MYX, OVPP, PEAQ, PUMP, and ITO all performed well. MYX price is up 196.1% this week, with a 24-hour trading volume of 16.3M. The price of OVPP increased by 136.2%, with a maximum price of 0.178 USDT. PEAQ and PUMP rose 77.3% and 68.7% respectively this week. U.S. market market and hot news Last week, the Dow Jones index fell slightly by about 0.3%, the S&P 500 rose slightly by 0.3%, and the Nasdaq was the strongest, rising by about 1.1%. This week's market was mainly driven by weak non-farm payrolls and related employment data, which further raised market expectations that the Fed would start cutting interest rates at next week's interest rate meeting, thereby boosting the risk appetite of risk assets. In terms of sectors, technology stocks, especially growth stocks represented by AI-related and semiconductor sectors, led the gains, becoming the main force driving the Nasdaq to strengthen; The energy sector was relatively weak due to pressure on factors such as supply and demand and inventory data. The Federal Reserve will hold its interest rate meeting on September 16 and 17, and is expected to cut interest rates for the first time since December last year; At 2:00 a.m. Beijing time on September 18, the Federal Reserve FOMC released a summary of interest rate decisions and economic expectations; At 2:30, Federal Reserve Chairman Powell held a monetary policy press conference; Popular sections and projects unlocked AI sector The AI sector had a strong performance last week, with a cumulative weekly increase of approximately +10.0%, with RNDR being a standout performer, rising by approximately +10%, and FET also recording a weekly gain of approximately +9%. The sources of momentum include amplification of trading volume, the promotion of product and ecological news related to generative/reasoning AI projects, and the market's continued financial attention to AI themes, which collectively support the sector's short-term strength. If the subsequent project landing, transaction volume and institutional/retail funds continue to flow, the sector will still be flexible in the short term; However, it is necessary to be wary of the risk of pullbacks caused by unlocks, large sell-offs, or reversals of macro key data Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 p.m. Beijing time on September 16, accounting for 2.03% of the current circulating supply and worth approximately $49.2 million. Decentralized trading platform Aster announced that it will conduct an ASTER token generation event on September 17, when 7.04 million ASTER tokens will be airdropped to eligible users participating in the reward program. LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 p.m. Beijing time on September 20, accounting for 8.53% of the current circulating supply, worth approximately $52.5 million. Optimism (OP) will unlock approximately 116 million tokens at 8 a.m. Beijing time on September 21, with a ratio of 6.89% to the current circulating supply, worth approximately $93.4 million. Risk warning: Use of BitMart services is entirely at your own risk. All cryptocurrency investments, including yield, are highly speculative in nature and involve a significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down, and buying, selling, holding, or trading digital currencies can be very risky. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.