KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Market Snapshot: Crypto Rally in Full Swing
The cryptocurrency market surged on Thursday, led by XRP smashing past its all-time high and Bitcoin reclaiming the $119,000 mark. Ethereum and Dogecoin also climbed, contributing to broad-based bullish sentiment across major tokens.
Top Tokens:
| Crypto | Price | 24H Change |
|---|---|---|
| Bitcoin (BTC) | $119,899.47 | +0.46% |
| Ethereum (ETH) | $3,448.23 | — |
| Solana (SOL) | $175.23 | +2.76% |
| XRP (Ripple) | $3.36 | +3.37% |
| Dogecoin (DOGE) | $0.2150 | — |
| Shiba Inu (SHIB) | $0.00001428 | — |
XRP briefly surpassed $3.40, its highest ever, powered by investor speculation and whale activity.
On-Chain Activity
According to IntoTheBlock:
Large transaction volume dropped 18.2%
Daily active addresses declined 4%
Transactions over $100,000 fell from 12,730 to 11,451
Exchange netflows were down 125.9%
From Coinglass:
142,675 traders liquidated in 24 hours
Total liquidations: $478.04 million
Top Gainers (24H):
Flare (FLR)
Curve DAO Token (CRV)
Fartcoin (FARTCOIN)
Noteworthy Headlines:
Ripple Co-Founder Chris Larsen has moved $344M+ in XRP—sparking speculation over future plans
El Salvador faces scrutiny again as an IMF footnote questions its Bitcoin holdings
GameSquare plunges -30% after a $70M public offering tied to crypto expansion
Bitcoin & Ethereum ETFs generated over $1.5B in daily volume
Bit Origin proposes a $500M raise to start a Dogecoin Treasury Company
What the Traders Say:
Jelle (@CryptoJelleNL)
“3-day bullish MACD cross confirmed. Historically leads to major uptrends. I’m targeting $130K–$150Kfor BTC.”
Crypto Chase (@Crypto_Chase)
“Important for Bitcoin to hold the $119K zone. I’ve already taken partial profits, now waiting for a new setup.”
Daan Crypto Trades
“BTC’s August–September period tends to be choppy with low liquidity.Expect possible sector rotations—meme coins and AI tokens could shine before the usual October surge.”
Investor Takeaway
- XRP making history
- Bitcoin eyeing $120K+
- Traders prepping for summer volatility and sector-specific plays
While technical signals are strong, on-chain metrics and summer seasonality suggest staying agile—profits may shift quickly between major coins, altcoins, and meme tokens.
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