Announcements Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market

Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market

2024-09-04 03:16:26 UTC 4196 Read

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Gate Research Daily Report: September 3, Bitcoin's price rebounded to around $59,000 after hitting a low of $57,129. Meanwhile, Ethereum found support after dropping to approximately $2,400, climbing back to around $2,500. Altcoins have started to recover in the past 24 hours, following BTC's price movements, with significant gains seen in sectors like BTC Ordinals, Solana Memes, and Yield Farming. Pendle's eBTC has surpassed $15 million in total value locked (TVL), making it the highest-yielding BTC staking project among those with TVL exceeding $1 million. Additionally, four projects publicly announced funding rounds, with the highest disclosed amount being $6 million, covering sectors such as AI, DeFi, stablecoins, and Ethereum Layer 2.

**Market Analysis:** Altcoins have rebounded alongside BTC's price movements, with notable gains in sectors such as BTC Ordinals, Solana Memes, and Yield Farming.
**Top Performers:** The most popular tokens in the past 24 hours are VIC, PNG, and ORDI.
**Data Highlights:** The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 67%, with August's non-farm payroll data likely playing a crucial role.
**Spotlight Analysis:** Pendle's eBTC has surpassed $15 million in TVL, currently making it the highest-yielding BTC staking project.
**Market Opportunities:** Four projects publicly announced funding rounds, covering sectors like AI, DeFi, stablecoins, and Ethereum Layer 2, with the highest disclosed funding amount being $6 million.

Explore today's details  👉🏻 [ ](https://www.gate.io/learn/topics?category=Research&page=1&sort=updated_at) [Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market](https://www.gate.io/learn/articles/gate-research-bitcoin-rebound-boosts-general-rise-in-the-in-sc-ript-ion-and-other-sectors-pendle-ebtc-yield-leads-the-market/3984?ch=GDR_ann6_20240903&utm_campaign=TR_7C88qqsA&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate.io Team
September 4th, 2024

Gate Research: Bitcoin Rebound Boosts General Rise in the Inscription and Other Sectors; Pendle eBTC Yield Leads the Market

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