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.
Key Takeaway: Cryptocurrencies advanced alongside equities Monday, with Bitcoin (BTC) testing the US$112,000level and Dogecoin (DOGE) jumping nearly 5%, while analysts predict Ethereum (ETH) may correct before staging a parabolic rally in Q4.
Market Snapshot (as of 9:15 p.m. ET)
Bitcoin (BTC): +0.57% at US$111,500.30 (intraday high: US$112,869.24)
Ethereum (ETH): –0.08% at US$4,288.94
XRP (XRP): +2.82% at US$2.95
Solana (SOL): +3.55% at US$213.45
Dogecoin (DOGE): +4.68% at US$0.2381
The global cryptocurrency market cap stood at US$3.87 trillion, up 1.09% in 24 hours.
Bitcoin Trends
Volume: Trading volume surged 58% to US$40 billion over 24 hours.
Open Interest: Rose 2.48%, reflecting stronger long positioning.
Dominance: BTC’s market share narrowed to 57.5%, with ETH steady above 13%.
Liquidations: Over US$330 million cleared in 24 hours, including US$209 million in shorts.
Sentiment: Crypto Fear & Greed Index remained “Neutral.”
Meanwhile, MicroStrategy (MSTR) disclosed a US$217.4 million Bitcoin purchase, funded through at-the-market programs.
Analyst Views
Michaël van de Poppe: Highlighted BTC’s struggle to hold above its 20-week moving average near US$112,000. Failure to break higher before CPI data could trigger a test of recent lows before reversing upward.
Ted Pillows: Noted ETH’s correction resembles BTC’s 25–30% pullback in 2020. A similar ETH drop would target US$3,500–3,700, forming a base before a potential Q4 parabolic rally.
Top Gainers (24 Hours)
MYX Finance (MYX): +277.24% to US$13.74
OpenLedger (OPEN): +180.56% to US$1.41
Worldcoin (WLD): +68.07% to US$1.79
Broader Market Context
Crypto’s gains mirrored U.S. equities, with the Dow Jones up 0.25%, the S&P 500 rising 0.83%, and the Nasdaq Composite hitting a record close at 21,798.70.
Traders are pricing an 89.4% chance of a 25-basis-point Fed cut next week, according to CME’s FedWatch tool, as markets await PPI and CPI data.
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