Cryptocurrencies have been showing impressive gains, with Bitcoin rising beyond the $26,600 mark and Ether aiming for the $1,700 threshold. Layer 1 blockchain Solana surged by 7% post its integration with Shopify, boosting USDC stablecoin payments. Meanwhile, NEAR Protocol’s native token, NEAR, witnessed a 6% boost, primarily due to its adoption by crypto lender Nexo. Altcoins like Cardano’s ADA, Polkadot’s DOT, and Binance’s BNB also marked a commendable 3%-5% ascent.The bullish sentiment in the crypto sector seems to mirror traditional market trends, with both Nasdaq Composite and S&P 500 experiencing more than a 1% upswing. Nvidia’s robust earnings propelled its shares by 7%, which was a boon for AI-related tokens.Despite these optimistic strides, many digital assets linger below their past week’s figures. John Glover of crypto lender Ledn emphasized that both technical and fundamental indicators predict softer prices ahead. Don Kaufman of TheoTrade added that the current market liquidity and participation levels cast doubts over Bitcoin’s ability to sustain these high prices. However, Pantera Capital suggests that Bitcoin’s return from its longest 15-month negative phase is on the horizon.The looming Federal Reserve’s annual meeting in Jackson Hole, Wyoming, has investors on their toes. Bitcoin’s wavering around the $26,000 mark and Ether’s consistent climb have kept the market abuzz. Callie Cox from eToro warned that extreme volatility is expected as Bitcoin aims for the $30,000 mark.

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	John Glover, Don Kaufman, Dan Morehead, Callie Cox, TheoTrade
Companies	eToro, Shopify, CoinDesk, FAC, FINRA, Nexo, Pantera Capital, Ledn, TheoTrade
Currencies	Bitcoin, Ethereum, Solana (SOL), NEAR (NEAR), Cardano (ADA)
Securities	None