<div id="readability-page-1"><div><div>Leading cryptocurrencies rallied alongside stocks on Thursday as investors raised risk appetite in anticipation of interest rate cuts.<h2>‘Greed’ Sentiment Returns</h2>Bitcoin climbed above $116,000 for the first time in nearly three weeks. Spot ETF inflows surpassed $757 million on Thursday, the largest since mid-July, according to data from SoSo Value.Ethereum sailed past $4,500 overnight, the highest in two weeks. XRP also rose by nearly 2% in the 24-hour period.Bitcoin's dominance fell to 57.4%, while Ethereum's market share was largely unchanged at 13.6%.Over $345 million was liquidated from the cryptocurrency market in the last 24 hours, with $231 million in short positions erased. Meanwhile, more than $262 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rises to $118,000.Bitcoin’s open interest climbed 3.12% in the last 24 hours. Interestingly, Binance derivatives traders were betting against the price rise, according to the Long/Short Ratio.The market sentiment flipped from &#34;Neutral&#34; to &#34;Greed,&#34; according to the Crypto Fear &amp; Greed Index.Top Gainers (24 Hours) The global cryptocurrency market capitalization stood at $3.95 trillion, growing by 2.34% in the last 24 hours.<h2>Weak Jobs Data, Hotter-Than-Expected Inflation</h2>Stocks marched to new record highs on Thursday. The Dow Jones Industrial Average spiked 617.08 points, or 1.36%, to end at 46,108.00. The S&amp;P 500 rose 0.85% to finish at 6,587.47, while the tech-focused Nasdaq Composite closed up 0.72% at 22,043.07.The Consumer Price Index rose 0.4% in August, higher than the 0.3% estimated by analysts. Meanwhile, the core CPI increased 0.3%, in line with the estimates.On the other hand, the labor market showed signs of a slowdown, with initial jobless claims for the week ending Sept. 6 coming in at 263,000, up from the 240,000 estimate.Traders are pricing in a 92.7% chance that the Federal Reserve slashes interest rates by 25 basis points next week, up from 91% a day earlier, according to the CME FedWatch tool.<h2>Has The ‘Alt-Season’ Begun?</h2>Widely followed cryptocurrency analyst and trader Michaël van de Poppe said that a potential 20-30% dip in Ethereum price during the uptrend could be a buying opportunity.&#34;I’m more than happy to be buying it,&#34; the analyst said. &#34;ETH isn’t going to peak at $4,800, it’s literally only starting, wouldn’t be surprised if this is going north of $10,000.&#34;Another well-known analyst, Daan Crypto Trades, said that &#34;alt season&#34; has already begun, citing a chart that showed how 78% of the top 50 altcoins have outperformed Bitcoin over the past three months.&#34;With BTC pretty much flat in the past few months and ETH up nearly 2x that’s not so hard to believe. 78% of alts in the top 50 has outperformed BTC in the past 3 months. That’s quite substantial,&#34; the analyst stated.Photo Courtesy: Travis Wolfe on Shutterstock.com<ul> <li>Circle Co-Founder Says Stablecoins Will Evolve Into ‘Machine-Native Money’</li> </ul></div></div></div>

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Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, surged as traders anticipated Federal Reserve interest rate cuts. Bitcoin surpassed $116,000, while Ethereum reached over $4,500. The market sentiment shifted to 'Greed,' with a 2.34% increase in global cryptocurrency market capitalization. Analysts predict Ethereum could exceed $10,000, and signs of an 'alt-season' are emerging, with 78% of top altcoins outperforming Bitcoin. Meanwhile, U.S. stocks also hit record highs amid mixed economic data, with traders expecting a 92.7% chance of a rate cut next week.

- Leading cryptocurrencies surged as investors increased their risk appetite, anticipating interest rate cuts, with Bitcoin surpassing $116,000 and Ethereum exceeding $4,500.  
- The global cryptocurrency market capitalization rose to $3.95 trillion, while the Crypto Fear & Greed Index indicated a shift to "Greed" sentiment.  
- Analysts suggest that an "alt season" may have begun, with 78% of the top 50 altcoins outperforming Bitcoin over the past three months.

Bitcoin Rises As Traders Bet On Fed Rate Cut; Ethereum, XRP, Dogecoin Also Rally: Analyst Says Won't Be 'Surprised' If ETH Tops $10,000