Bitcoin is hovering around $112,000, showing potential for a breakout. Investors are treating BTC as a macro hedge and ETH as a high-conviction upside play. Options markets indicate momentum in ETH and SOL. Polymarket predicts BTC near $120k and ETH breaking $5,000.

ETH is trading near $4400, backed by institutional interest and the Fusaka network upgrade. Gold hits record highs due to an expected Fed rate cut, while Nikkei 225 and S&P 500 rise on tech rally. Prediction markets validate market trends, with BTC as a governance hedge and ETH as a performance leader.

U.S. CFTC approves Polymarket’s new exchange, QCX. Pump.fun’s fee model distributes $2M to creators. Novogratz predicts AI agents will become the biggest stablecoin users. Market maker Flowdesk notes high client activity with a focus on upside potential amid macro risks. Asia-Pacific stocks climb on tech rally.

Read more at Yahoo Finance: Bitcoin Holds Steady as Traders Turn to Ethereum for September Upside