Bitcoin shows potential for recovery as altcoins surge

Despite a drop below 112,000 USD, Bitcoin is forming a bullish inverse head-and-shoulders pattern, which could indicate a strong rally. Major players like Ethena’s ENA and Worldcoin (WLD) have also shown impressive market gains.

Ethereum’s August revenue raised alarms, but some analysts argue it should not be the only measure of a blockchain’s success. Moreover, Hyperliquid is facing community backlash over governance changes linked to centralization worries.

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