As bitcoin continues to rise, alternative cryptocurrencies like SOL may experience liquidations and price rallies. Bitcoin has increased by over 6% since briefly dropping below $25,000 on Monday, and positive retail sales and factory output data from China has boosted risk sentiment in financial markets. Altcoins such as XRP, ETH, SOL, TRX, and DOGE are following bitcoin's upward trend, despite traders previously selling these tokens due to the possibility of FTX selling assets from its cryptocurrency holdings. The combination of rising open interest and negative funding rates suggests that traders have recently increased their bearish bets on SOL.

XRP's price has risen by 3% to reach $0.5, thanks to positive US CPI data and a new Bitcoin ETF filing by Franklin Templeton Investments. The cryptocurrency has broken out of a falling wedge pattern and could potentially reach $0.7. Ripple is planning to hold a "Proper Party" on September 29 to celebrate its win against the SEC, with potential announcements including an IPO.

According to Lookonchain monitoring, a whale is accumulating UNIBOT, BITCOIN, LOOKS, HILO, and Dubbz. In the past 30 days, the whale has spent a total of 2,802 ETH ($4.73 million) to purchase UNIBOT, BITCOIN, LOOKS, HILO, and Dubbz. Based on current prices, the whale has lost $1.05 million. The whale spent: - 868 ETH ($1.49 million) to purchase 11,884 UNIBOT at a price of $125, losing $385,000; - 811 ETH ($1.40 million) to purchase 13.47 million BITCOIN at a price of $0.1, losing $484,000; - 769 ETH ($1.26 million) to purchase 21.78 million LOOKS at a price of $0.1, losing $94,000; - 240 ETH ($393,000) to purchase 2.57 million HILO at a price of $0.15, losing $88,000.

According to crypto strategist Benjamin Cowen, Bitcoin will have occasional rallies despite the overall bearish trend. Cowen explains that the recent bounce of around 7% from a three-month low of $24,917 to $26,575 is an example of a typical death cross rally. He suggests that there are three possible scenarios that could occur after this rally, including Bitcoin continuing to rise by up to 12% from its current level. Cowen emphasizes that all three scenarios are possibilities.

According to crypto strategist Benjamin Cowen, Bitcoin's recent rally looks similar to its 2015 price movement, which saw a 2x rally followed by a 50% drop. Cowen warns that if Bitcoin repeats this pattern, it could witness a 50% devaluation and hit a double bottom. This warning comes as Bitcoin flashes a death cross on the daily chart, which is viewed as an ominous signal by traders. At the time of writing, Bitcoin is trading for $25,933.

According to Fortune magazine, Scott Purcell, founder and CEO of Web3 licensed trust company Fortress Trust, stated that Fortress Trust lost between $12 million and $15 million in cryptocurrency in a recent hack, most of which was Bitcoin, as well as a small amount of USDC and USDT.

Bitcoin's price has risen from its weekly low of $25,000 and is testing short-term resistance at $26,400 for the second time this month. The Moving Average Convergence Divergence (MACD) indicator suggests that expected gains to $28,000 may be sustained this time. However, some analysts believe that there is still room for another dip, potentially to $22,000, before a bull market. The crypto market is experiencing shrinking liquidity due to concerns about regulation and the popularity of DeFi and staking platforms.

Coinbase CEO Brian Armstrong announced on social media that they have decided to integrate the Lightning Network. Bitcoin is the most important asset in cryptocurrency, and we are happy to contribute to achieving faster/cheaper bitcoin transactions. The integration will take some time, so please be patient.

GG Membership Pass offers exclusive benefits for Web3 gaming enthusiasts to explore Decrypt's Art, Fashion, and Entertainment Hub and discover SCENE. Macro-analyst Arthur Hayes challenges the conventional wisdom about Bitcoin's relationship with interest rates, arguing that traditional economic logic will crumble under the U.S. government's exorbitant amount of debt.

September 12th, according to OKX market information, Bitcoin rebounded more than 1.5% in a short time, and is now priced at $25,707.