After trading under an intense bearish sentiment for a brief period, the Fantom price has recorded a strong bullish reversal amid ongoing cross-border market recovery. Moreover, with a 60% surge within 30 days, investors are curious about the possibility of it achieving the $1 mark.

The crypto market surged following the Federal Reserve's interest rate cut, with major cryptocurrencies experiencing rallies. However, the long-term outlook remains uncertain.

As Bitcoin's (BTC) price crossed the crucial milestone of around $62k for the first time in September, following the high-impact news from the Federal Reserve, the attention on the altcoin market significantly increased in the past 24 hours.

Ethena Labs, a leading decentralized finance (DeFi) provider known for its synthetic dollar operations, experienced a major security breach on September 18. Hackers compromised the front end of Ethena's website, prompting an immediate response from the company.

Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar's account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena

Binance founder and former CEO Changpeng Zhao (CZ) is set for imminent release, confirmed by the US Federal Bureau of Prisons (BOP).

Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised. On Sept. 18, bad actors successfully breached the website of decentralized finance service provider Ethena Labs (ENA).

Web3 security platform Blockaid recently detected a potential front-end attack targeted towards Ethena Labs. Reportedly, the attackers used the latest version of Inferno drainer in this attack.

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The project noted the protocol itself is unaffected, but users should avoid “any site or application purporting to be the Ethena frontend."

Ethena Labs' frontend attack highlights the critical need for robust security measures to protect user interactions and maintain trust in DeFi platforms. The post Ethena Labs suffers frontend attack, confirms protocol remains unaffected appeared first on Crypto Briefing.

Explore our expert take on the best 3 coins to accumulate before the bull market rebounds in this insightful guide. Learn valuable strategies on taking advantage of post-dip opportunities in the cryptocurrency market

Fantom (FTM) is enjoying much bullish momentum at the moment, and the odds of the coin rising to as high as $2 has increased. The FTM price recovery is thanks to Fantom's fundamentals, which have sparked a positive sentiment among investors.

Fantom (FTM) price is sustaining a bullish trend, despite some fluctuations in the market. Currently, the price is stable around key support levels, reflecting market volatility.

Fantom's (FTM) 9% price surge in the last 24 hours has positioned it as the top performer among the top 100 cryptocurrencies by market capitalization. This rally is not fueled by speculation alone — it is backed by strong demand, evidenced by a sharp rise in trading volume.

Amid this ongoing market reversal, Fantom (FTM) is poised for a significant upside momentum following a strong bullish price action pattern breakout. On September 17, 2024, while the overall cryptocurrency market struggled to gain momentum, FTM's price surged by over 9% in the past 24 hours.

Fantom (FTM) has been soaring 17% over the past week, on a quite decent trend, with strong support recorded in the area of $0.47-$0.48, data from IntoTheBlock indicates. This suggests that the price jump may be connected to increased demand and growing network interest.

With the first Fed rate cut coming in tomorrow's FOMC meeting, the change to a looser monetary cycle is beginning. Bitcoin and crypto are likely to be beneficiaries of this easing.

This week remains vital for the financial industry, with markets expecting tomorrow's first rate cut by the Federal Reserve since 2020. The previous interest rate reduction triggered a bull run in the crypto market, and analysts expect the same this cycle.

The bullish sentiment around Fantom has significantly increased as investors expect the Sonic upgrade. Fantom (FTM) recorded an 11% surge in the past 24 hours and is trading at $0.56 at the time of writing.

The top 50 altcoins have a new rep today - Black Agnus.

Amid a recovering crypto market, the risk appetite of bulls and smart money is increasing. As a result, the demand for altcoins increases and teases a high-speed trend reversal rally. With a bullish trend in XRP and its rival under $1, the race to hit the psychological is neck to neck.

Fantom's native FTM token has been one of the best-performing assets amongst the large cap crypto assets over the past week, gaining over 6.6%.

In recent times, the world of crypto has witnessed a significant increase in the price of Fantom (FTM).

This week is critical for crypto, with the first rate cut since 2020 scheduled for Wednesday. According to crypto analyst Miles Deutscher, several altcoins are primed for explosive growth, depending on how the market reacts. Analyst has shared his top five tokens to watch closely, focusing on technical setups and fundamental factors.

Story Highlights Bitcoin Price Analysis: BTC price continues to trend along its $58k mark. Ethereum Price: ETH price is up with negligible gains of 0.11% since yesterday. XRP's momentum trembles amid Trump and SEC news.

No sooner than the Bitcoin price displays some bullish possibility, the altcoins have begun to thrive to some extent. The Fantom (FTM) price displays immense strength with over 10% gains, while the Celestia (TIA) price follows suit.

dApp volumes on the Fantom network surged nearly threefold from $3.4M to $9M within 24 hours.

Cryptocurrency Prices Today (September 17): The broader market showcased a highly volatile movement over the past day, raising investor speculations globally. Bitcoin (BTC) price faced hurdles to gain a break above $58K, while ETH traded at $2,200.

Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. FTMUSD holds above $0.50 after a minor consolidation.

Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally.

Is Fantom Crypto the New Solana? With FTM price surging by +8.6%, top crypto influencer Ansem has zeroed in on the Fantom trade – here's why.

Sui (SUI) and Fantom (FTM) have demonstrated intriguing price movements following their respective consolidation phases. While Sui showcases bullish potential after integration upgrades, Fantom's rebound is tempered by cautious on-chain metrics.

Fantom's price jumped nearly 6% in 24 hours and has surged over 16% in the past seven days.

Bitcoin has struggled to hold onto the critical $60,000 support level in recent weeks due to the increasing selling pressure. Meanwhile, several emerging altcoins have outperformed Bitcoin over the past week. This has made analysts rethink their forecasts on leading altcoins including FET, Quant and Fantom which might lead gains in the coming week.

Bitcoin's rebound above $57,000 sparks a wave of gains across the altcoin market, with QNT, FTM, and OM leading the charge.

Fantom could experience a price drop of over 8% to the $0.431 level if it closes a daily candle below the $0.469 level.

Take a comprehensive look at this article, as traders gear up for the US Presidential Election with a strategic investment in these five bullish coins. Find out which cryptocurrencies are anticipated to offer stable returns during the uncertain election period.

Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs' chief technology officer Andre Cronje showcased the network's testnet performance, highlighting a transaction finality of 720 milliseconds.

FTM Bull Trap? Analysts warn of a possible correction as price nears $0.50 resistance.

Fantom (FTM) is gaining significant attention with its latest bullish trends. The token, which has recently shown strong recovery signals, is now approaching a crucial psychological barrier at $0.50.

Cryptocurrencies are recovering after a notable crash with “September Effect” fears and favorable macroeconomic data like US jobs and CPI. As the cryptocurrency market heats up for a 2024 crypto bull run, two tokens stand out with strong momentum.

Fantom showcased promising growth in the last 24 hours, but there are problems going forward.

Fantom could be the top altcoin as $500 million moves into the asset. Let's explore the latest Fantom price action.

With the cryptocurrency market reclaiming the $2 Trillion market cap with a jump of 3.18%, top tokens have breached their important resistance levels. Notably, with the price of Bitcoin reclaiming the $57K mark, altcoins from Artificial Intelligence (AI) and Meme category have gained the highest profits.

The recent turmoil within the market has dragged the majority of the tokens below the crucial support levels. Meanwhile, some of the altcoins like FTM, AI tokens like FET or memecoins like WIF have been displaying significant strength.

Some of the altcoins that performed well in the last crypto bull market are still languishing, at a stage that is probably more than halfway through the current bull market. $INJ, $THETA, and $FTM are three altcoins that need to start proving themselves, or face a torrid bear market.

The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.