Tokenized Equities Fuel Record On-Chain Addresses as Bitcoin Prepares for September Showdown

U.S. stocks had a strong August, with the S&P500 index reaching an all-time high and closing up by about 2% for the month.

However, market players are concerned that this trend may not continue into September due to two major factors: rising expectations of a Fed rate hike and the upcoming CLARITY Act vote.

The markets are already pricing in a significant chance of a rate hike at the FOMC meeting, which could make Bitcoin more sensitive to the situation going into September.

According to CryptoQuant's data, Bitcoin's Coinbase Premium Index remains under pressure, indicating relative weakness in spot buying by U.S. investors.

The tokenization market is growing, with on-chain tokenized equity holders hitting a record 1.9 million, representing a 134% increase month-over-month.