According to CoinDesk: Bitcoin remained relatively stable over the weekend, trading between $54,000 and $55,000, following the liquidation of over $220 million in crypto long positions due to a weaker-than-expected U.S. jobs report. Traders are now eyeing significant events this week, including a U.S. presidential debate and the release of key economic indicators like the Consumer Price Index (CPI) and Producer Price Index (PPI).BTC Trading Flat, But Analysts See ValueWhile major tokens like Ether (ETH), Solana (SOL), Cardano (ADA), and Ripple’s XRP showed minimal changes, some mid-cap tokens like memecoin Neiro (NEIRO) and BitTorrent token (BTT) surged by 25%. Despite the broader market's sluggish activity, analysts at Presto Research believe Bitcoin is currently undervalued.In a Monday note, Peter Chung and Min Jung from Presto Research stated that Bitcoin’s record-high network security makes it an attractive investment. “The hashrate, or computational power securing the Bitcoin network, has hit an all-time high of 679 EH/s, making it the most secure network by far,” they noted, adding that, “BTC seems grossly undervalued at the moment.”Macroeconomic Factors Impacting BTCBitcoin miners have been expanding capacity since August, and this increase in hashrate typically marks a price bottom for the asset. Market analysts are keeping a close eye on U.S. payroll figures, which recently showed a weaker labor market, and the upcoming CPI and PPI reports, both of which will provide insights into inflation trends.“Lower-than-expected payroll data is dominating the market sentiment at the moment,” Lucy Hu, senior analyst at Metalpha, told CoinDesk. Hu added that volatility could remain high leading up to the Federal Reserve's next meeting.Political Developments to WatchAlongside economic indicators, the market is also focusing on the upcoming presidential debate between Republican candidate Donald Trump and Democrat Kamala Harris. Trump has previously expressed his intention to make the U.S. the "crypto capital" of the world, while Harris is also reportedly considering policies to support the growth of the cryptocurrency industry.With key economic data releases and political events scheduled for this week, Bitcoin could see significant price movement. Traders and analysts alike are closely monitoring market sentiment, with many believing that Bitcoin is undervalued due to its strong fundamentals, despite prevailing macroeconomic concerns.

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Bitcoin ($BTC) is charging towards a MAJOR resistance zone between **63-65K** 💥. Bulls are watching closely, ready for the next leg up! 🚀 But keep an eye on those key support levels at **59-60K** and **56.5-57K** — the battle lines are drawn. 🎯

The market's heating up 🔥, and with **#FOMC** news looming, plus the buzz around **#Token2049** and **#BinanceLaunchpoolHMSTR**, volatility is at an all-time high. Could this be the perfect storm for Bitcoin to break through and soar to new heights? 🌕📈

**Stay sharp and manage your risk!** Bulls are hungry, but the bears are lurking. 🐂💥🐻

#CPI_BTC_Watch #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #Write2Earn!

Binance has announced Hamster Network as the latest project on its Launchpool platform, starting on September 23, 2024. Users can earn Hamster Kombat (HMSTR) tokens by staking BNB or FDUSD, with rewards based on the amount staked. The campaign will run for three days, ending on September 26.
Binance will distribute 1% of HMSTR’s total supply (1 billion tokens worth around $81 million) to Launchpool participants. BNB stakers will receive 85% of the rewards, and FDUSD stakers 15%. The more tokens staked relative to the pool size, the greater the rewards.

What is Hamster Kombat (HMSTR)?
Hamster Kombat, launched in March 2024, is a viral clicker game simulating running a cryptocurrency exchange. With over 300 million users, it has grown rapidly. Players who collect in-game currency will be rewarded with HMSTR tokens based on their in-game balances.
Binance Super Earn and HMSTR
HMSTR will also be available on Binance Super Earn, offering higher APRs for staking newly listed tokens. This limited-time offer allows users to lock tokens for higher-than-average rewards, funded by token projects themselves.
How to Earn HMSTR Tokens
To earn HMSTR, users must have a Binance account and complete identity verification. Staking can be done with BNB or FDUSD, with rewards available through the Launchpool interface.
Key Dates and Information
As a final note, here’s a quick breakdown of key dates and information about the HMSTR coin Launchpool campaign:
Hamster Kombat (HMSTR) Launchpool
Start Date: September 23, 2024, 00:00 (UTC)
End Date: September 26, 2024, 00:00 (UTC)
BNB Pool Daily Rewards: 850,000,000 HMSTR
FDUSD Pool Daily Rewards: 150,000,000 HMSTR
Total HMSTR Rewards: 1,000,000,000
HMSTR Listing Date: September 26, 2024, 12:00 (UTC)
You can learn more here : Introducing Hamster on Binance
Summary
Binance will launch Hamster Kombat (HMSTR) on its Launchpool platform from September 23-26, 2024, allowing users to earn HMSTR tokens by staking BNB or FDUSD. A total of 1 billion tokens will be distributed, with 85% going to BNB stakers and 15% to FDUSD stakers. Hamster Kombat, a popular clicker game with over 300 million users, will also be listed on Binance Super Earn, offering higher APRs for staking. HMSTR will officially list on Binance on September 26, 2024.
#BinanceLaunchpoolHMSTR #Hamstercombo #GrayscaleXRPTrust #CPI_BTC_Watch

Stellar (XLM) is bridging the gap between traditional finance and the crypto world! 🌍
✅ Fast, low-cost international transfers
✅ Strong partnerships with major financial institutions
✅ Solving real-world financial problems
With its proven track record and real utility, Stellar remains a top altcoin for 2024. 💸
#CPI_BTC_Watch #Crypto2024 #BlockchainFinanceUpdate #altcoins #binance