Analysis: The August market slowdown trend may continue in the short term, even as the market anticipates the Fed will cut interest rates in September
BlockBeats News, September 7th, Binance Research released its September cryptocurrency trend report, stating: In August, the cryptocurrency market cooled slightly, with a total market capitalization decline of 1.7%. Both Bitcoin and Ethereum retraced from their highs. As capital shifted towards altcoins, Bitcoin's dominance fell further to 57.3%, while Ethereum's dominance rose to 14.2%. Corporate funds began to flow into Ethereum. Additionally, September has historically been a weak performing month for the crypto market, so even though the market is keeping an eye on the possibility of a Fed rate cut, the slowdown trend in the crypto market may continue in the short term.
You may also like
Gainers
Latest Crypto News
Suspected Ethena Labs Withdraws Another 25 Million ENA
Yesterday's Whale Trader Who Perfectly Shorted Before the Major Drop Goes Long on ETH with 2x Leverage, Holding a Position Worth $56 Million
Tom Lee: S&P 500 to Rise to 7300, Surge in Market Liquidity Could Be Explosive
Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million
「ZEC&MON Top Short in History」 Take-Profit Section: The ZEC short position has made a profit of over $5 million, while simultaneously shorting MON has a unrealized gain of nearly $2 million.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]