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Global Crypto Market Recap: Bitcoin Rebounds
The global crypto market cap rose 1.2% to $2.91 trillion over the past 24 hours. Bitcoin traded at $83,349.20, up 2.3% on the day and down 2.7% over the past week. Ethereum changed hands at $2,504.60, up 3.5% in 24 hours and down 7.1% over seven days. Other notable gains included Doge Pepe up 118.6% to $0.025511 and Gains Network up 109.9% to $0.7455. Ledger confirmed unauthorized hardware components in some of its hardware wallets, leading to unauthorized seed phrase recovery. South Korea’s KOSPI fell as much as 5.5% on Tuesday, with Samsung Electronics and SK Hynix dropping about 7% and 10% respectively. OpenAI discovered a hidden recording device in one of its offices, leading to an arrest. The CME FedWatch tool put the probability of a hold in October at 77.3%. Ray Dalio warned of a self-reinforcing cycle of rising bond supply and higher yields, potentially pushing the Fed to hold tighter policy for longer. A whale sold 1,074 BTC and bought 36,159 ETH, continuing a pattern of rotating from Bitcoin into Ethereum. Nvidia CEO Jensen Huang announced a $20 billion AI investment in Europe. BitMEX was sued by former investor Lewis Barber in the UK High Court for £20 million, alleging unauthorized derivatives for UK users. Anthropic filed for a rehearing of its appeal over the Pentagon’s 'supply chain risk' designation, arguing the designation was retaliatory for its AI safety advocacy.