Bitcoin traded near $110,000 earlier this week at $109,356 and is currently priced at $103,704, down -2.30% in the past 24 hours, while Ethereum trades at $3,242, down -2.55%. The Fear and Greed Index decreased to 75, indicating a bullish market sentiment. The cryptocurrency market is witnessing pivotal movements that signal shifting trends and growing institutional interest. Worldcoin (WLD) experienced a notable 19% price surge following a major AI investment announcement by Donald Trump. Concurrently, Justin Sun proposed an ambitious plan to drive Ethereum's price to $10K, while Bitwise applied for a Dogecoin ETF, reflecting increasing acceptance of meme coins in mainstream finance. These developments highlight the dynamic nature of the crypto ecosystem and its evolving landscape.
What’s Trending in the Crypto Community?
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Worldcoin (WLD) surged 19% after Trump announced a $500B AI investment, approaching key resistance levels.
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Justin Sun proposed a four-point plan to drive Ethereum’s price to $10K.
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Bitwise applied for a Dogecoin ETF, reflecting rising institutional interest in meme coins and potential mainstream adoption.
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CME Bitcoin options displayed the strongest bullish sentiment since the U.S. presidential election.
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The USDC Treasury minted an additional 450 million USDC on the Solana blockchain.
Crypto Fear & Greed Index | Source: Alternative.me
Trending Tokens of the Day
Top 24-Hour Performers
Worldcoin (WLD) Soars 19% Following Trump’s $500B AI Investment Announcement
Worldcoin (WLD) jumped 19% after President Donald Trump announced a $500 billion investment in AI infrastructure. Confidence in Worldcoin (WLD) surged after President Donald Trump announced a $500B investment in AI, partnering with OpenAI, Oracle, and Softbank. Notably, OpenAI is developing Worldcoin, which has made market participants optimistic about the token's potential. Both short-term and long-term indicators show bullish flags, suggesting a possible breakout from the key support zone, which is expected to be retested soon.
The recent price increase allowed WLD to break above the falling wedge, a bullish signal. However, bears are attempting to limit the rally, making daily closes critical. Technically, the Directional Movement Index (DMI) has turned bullish, and the Relative Strength Index (RSI) shows a bullish divergence, rising above average levels. Additionally, trading volume has increased, indicating a potential breakout of over 25%, reaching the resistance zone between $2.8 and $2.9 if bulls maintain the rally above the wedge resistance. This momentum could drive the price above $3, setting a new all-time high.
This surge pushed WLD closer to a golden cross on its EMA lines, a bullish indicator for potential further gains. If momentum persists, WLD could test resistance levels at $2.41 and $2.83, with the possibility of surpassing $3.16, a milestone not reached since December 2024.
Read more: What Is Worldcoin (WLD), and How to Get It?
Justin Sun Outlines Bold Plan to Propel Ethereum to $10K
Source: KuCoin
Justin Sun has unveiled a four-point strategy aimed at elevating Ethereum's price to $10,000. His plan addresses key areas to optimize Ethereum's market position amid scrutiny of the Ethereum Foundation (EF) following a recent sale of 4,666 ETH ($13M) to fund operations. The initiatives include halting ETH sales for three years, aggressively taxing Layer 2 solutions to generate $5B annually, streamlining EF operations by downsizing staff, and adjusting rewards to increase fee burns. Sun believes these measures will enhance Ethereum’s deflationary properties and solidify its status as a reliable store of value. If successful, Ethereum could break $4,500 within the first week of implementation and eventually reach the $10K target.
Read more: Top TRON Memecoins to Watch in 2025 Following SunPump's Launch
Bitwise Seeks SEC Approval for Dogecoin ETF with Delaware Trust Filing
Bitwise Dogecoin ETF Filing. Source: State of Delaware
Bitwise has applied for a Dogecoin ETF through a Delaware trust, awaiting SEC approval to proceed. This move comes as meme coin ETFs gain traction, with Rex Shares filing similar applications for DOGE, BONK, and TRUMP alongside Bitcoin and Ethereum ETFs. The interest in meme coins has surged, particularly after the introduction of Trump’s TRUMP coin, attracting 40% first-time crypto investors. Bitwise’s Matt Hougan expressed optimism about ETF opportunities for Solana and meme coins earlier in September 2024. Additionally, Floki plans to launch an ETP in Europe by early 2025, while analysts anticipate Litecoin could secure ETF approval next, with Nasdaq filing for Canary Capital’s proposed Litecoin ETF. These efforts indicate a growing trend to integrate meme coins into retail investment markets.
Conclusion
The recent developments in the cryptocurrency market underscore a period of significant transformation and growing institutional involvement. Worldcoin's impressive price surge reflects the impact of substantial AI investments, while Justin Sun's strategic plan for Ethereum aims to enhance its market value and deflationary characteristics. Meanwhile, Bitwise's application for a Dogecoin ETF highlights the increasing acceptance and potential mainstream adoption of meme coins. Together, these trends indicate a robust and evolving crypto landscape, offering both opportunities and challenges for investors and stakeholders alike. As the market continues to adapt, staying informed and agile will be key to navigating the future of cryptocurrency.
