Mooners and Shakers: Bitcoin and Ethereum Mission Fails as NASA Prepares for Liftoff

ethereum pumps

US taxpayers dose to Artemis 1 as we write, while funds are also quickly burning in a crypto launchpad fire as the market loses around US$100bn since Friday.

Ground Control, aka the Fed raising interest rates and causing pain, can take the blame for this. Again. For risky assets like crypto, Jerome “JPow” Powell’s Jackson Hole speech was received about as well as a Hawaiian vacation Christmas card from the Morrison family.

And what’s more, if Bitcoin history is anything to go by, September could be about to bring exactly zero relief.

That’s because some/many crypto watchers are predicting a brutal SeptemBEAR. The chart below from crypto futures trading and information platform CoinGlass shows why, really…

Bitcoin monthly returns. Source: CoinGlass

Two out of nine not bad? Title of a song for him a little out of hell song list maybe. Still, October’s story doesn’t look too bad…

On daily price action…

Top 10 Summary

With the total crypto market capitalization at $988 billion and down about 2.2% since yesterday, this is the current state of the top 10 tokens, according to CoinGecko.

Regarding the Fusion, it appears that a school of thought is rapidly building that is shaping up to be a classic short-term news-selling event, even if it is widely seen as a long-term positive transformation for the future of the network and its scalability.

Popular cryptocurrency youtubers hasoshi Y ElioTrades and Benjamin Cowen have been theorizing a post-merger dump, the latter even suggesting it could go back to around US$500.

“Going home” sounds good, but the CryptoQuant analyst is referring to a range of accumulation that ETH seems to reach during each correction. The good news is that, historically, it always bounces off this curve.

Stimulants and tranquilizers: 11–100

Sweeping a market cap range from around $8 billion to around $412 million across the rest of the top 100, let’s find some of the biggest 24-hour winners and losers at press time. (Statistics accurate at time of publication, based on data from


Celsius (CEL), (market capitalization: US$532 million) +47%

Cash (XEC), (mc: US$963 million) +34%

synthetic (SNX), (mc: US$728 million) +8%

internet computer (ICP), (mc: US$1.67 billion) +5%

pancake swap (CAKE), (mc: US$558 million) +4%


Cosmos Center (ATOM), (market cap: US$3 billion) -9%

eos (EOS), (mc: US$1.43 billion) -8%

avalanche (AVAX), (mc: US$5.25 billion) -8%

Flow (FLOW), (mc: US$1.78 billion) -7%

Arweave (AR), (mc: US$511 million) -6%

around the blocks

A selection of randomness and relevance that stuck with us on our morning moves through the Crypto Twitterverse…

There has been a bit of a dumping fear related to Mt. Gox that has been ramping up on Crypto Twitter lately. “Cobie” of UpOnly podcast relative fame seems to think any BTC dump in this regard is still several months away…

Meanwhile, NFT fanatic Shaq (also a DJ and former basketball star, apparently) has left the building…and the country…

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