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The crypto ecosystem has always been vulnerable to malicious actors looking to steal user funds.

Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.

With the crypto market setting up for another bull run, whales prepare themselves for the next big move by loading up on certain coins. The favorite crypto coins right now are Ripple (XRP), IntelMarkets (INTL) and Toncoin (TON), as all three of them have great growth potential.

As a result, almost all major US stock indices slipped into the red. Bitcoin (BTC) dropped nearly 4% over the past 24 hours, while gold registered a 1% increase to push back above the $2,500 mark.

Cryptocurrency analyst and trader Ali Martinez is leaning cautiously bullish on an Ethereum-based altcoin. Martinez tells his 70,300 followers on the social media platform X that the native token of the Ethereum (ETH) scaling solution Polygon (POL) is forming a descending triangle pattern, on the weekly chart.

With the release of Pavel Durov, CEO of Telegram, top Toncoin ecosystem tokens have recorded a considerable bullish recovery over the past 2 days. Notably, top tokens such as Toncoin and Notcoin had dropped significantly following the arrest in August. However, uncertainty continues to haunt its investors with over 87% experiencing losses.

Cryptocurrencies associated with social messaging giant Telegram rallied sharply after founder Pavel Durov issued his first public statement since his controversial arrest in France last month. What happened: Toncoin, the native token of The Open Network (TON), jumped more than 5% in the last 24 hours, with its trading volume rising by 16.18%.

Significant drop was driven by Bitcoin's recent fall below the $56,000 mark. The impact has been felt across the entire crypto spectrum, with major altcoins also experiencing severe declines.

Tether's USDT stablecoin has reached a significant milestone on the TON blockchain, with over one million addresses holding the asset in less than six months. This rapid growth reflects the increasing global adoption of USDT, pushing its market cap to new levels.

Cybercriminals have launched a new wave of phishing scams using AngelX, a toolkit designed to exploit vulnerabilities in newer blockchain networks.

Beyond the tech, one of crypto's main appeals is its staggering upside potential—a land of opportunities. Many altcoins have exploded and several crypto millionaires have been made; next in line might be Intel Markets (INTL). TRON (TRX) whales have been betting on this emerging cryptocurrency, tipping it as a better alternative than Toncoin (TON).

Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.

The crypto market hints at an extended correction in September as Bitcoin struggles to hold above the $60,000 mark. If the bearish trend intensifies, SHIB, the second-largest meme coin, could break below its crucial $0.000012 support, opening the door for Shiba Inu rivals to capture investor interest.

As the crypto arena shows growth, people are looking for the next big opportunity. Experts think they have found one – Intel Markets (INTL). This rookie is now in Stage 1 of its presale but has already sold over 27M. It could also dominate the crypto trading market which Statista projects will be worth $45.

Check the top 5 altcoins of September 2024, that are shaping the future of cryptocurrency with innovative features and strong market positions. Will they perform as expected?

The crypto market in the past 30 days can be described as a zigzag trend. One day, the market is sparingly bearish, another day. It is marked in red. Bitcoin's volatility rose from 1% to 3.6% this month; hence, it explains the bearish look of most altcoins.

Bitcoin is attempting a slight recovery, but closing above the $60,000 market will be the first step to achieve before BTC and altcoins can bounce from their recent lows.

The new week and new month have started negatively for most of the coins, according to CoinStats.

Major cryptocurrencies are starting the new week in the red, with Bitcoin (BTC) tumbling below $58,000 and Ethereum (ETH) slipping below $2,500 once again. The overall crypto market cap also registered a drop of 1.91%, leaving it just above the $2 trillion mark.

XRP's short-term performance is under our radar as it struggles with the recent market volatility. XRP is facing difficulties keeping momentum above $0.60, which is why it is important to keep an eye on those price levels.

BeInCrypto's comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent's crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements.

Being in the headlines didn't help Dogecoin or Telegram-linked tokens.

Previously, a dynamic and erratic asset that benefited from its status as a meme, Shiba Inu, is now exhibiting concerning indications of losing its market share. For holders of SHIB, the most recent price action presents a bleak picture as the token struggles to hold onto its value.

Bitcoin's failure to maintain above $60,000 is pulling altcoin prices toward their recent swing lows. What will it take to turn the market around?