Dogecoin has shown resilience, bouncing back to $0.22 after whales accumulated over 680 million DOGE in August, countering retail selling pressures. This recovery comes amid fears surrounding Qubic’s potential 51% attack, which had initially spooked retail investors. Meanwhile, UK police are investigating a sophisticated scam that resulted in the theft of $2.8 million in Bitcoin, highlighting the risks faced by crypto holders. In the Ethereum ecosystem, the PoS network is witnessing a decline in both exit and entry queues, indicating mixed market sentiments as some stakers secure profits while new deposits continue to flow in. Bitcoin remains stable above $113,600 as traders await signals from Powell’s upcoming speech, with Solana and Dogecoin leading the gains in the crypto market. The overall sentiment is cautious, with concerns about inflation and job data affecting investor confidence. As the crypto landscape evolves, these developments underscore the importance of vigilance and strategic positioning in this volatile market.
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