What to know:

You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. Enhancements in cryptocurrency trading environments are evident, particularly concerning ETF investments in Bitcoin and Ether, hinting at potential bullish trends for altcoins.

Key Observations:

• The volatility that usually characterizes August has not emerged, influenced by anticipated Fed interest-rate cuts and significant governmental spending, creating a favorable climate for investors.
• Bitcoin and Ether investors are experiencing notable movements: Ether ETFs have garnered $3.69 billion in investment while Bitcoin ETFs are reporting over $800 million in outflows.

Insights from Analysts:

Ray Yossef, a crypto market analyst, indicated that the growth of altcoin treasury companies could be instrumental in the current market cycle, heralding a significant alt season.

He quoted:

“The rise of altcoin treasuries can be the decisive spark that ignites the final phase of the current market cycle and ushers in another wave of the altseason.”

• In the wake of this market movement, companies like Trump Media and various capital firms are shifting toward blue-chip altcoins as part of their asset allocation strategies.

Arthur Hayes from Maelstrom Fund suggests potential rallying of various lesser-known altcoins.

Market Movements:

• As of now, Bitcoin is trading with a slight increase, standing at approximately $112,310.81. Investors are advised to watch for significant trading pressures concentrated around key resistance levels.