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
Bastion announces providing Sony Bank with stablecoin issuance, reserve management, and custody services
The UK government is considering banning cryptocurrency for political donations to avoid foreign interference
Federal Reserve Governor Bowman: Seeking to Establish New Rules for Banks and Stablecoins to Ensure Fair Competition
Sahara Official Denies "Token's Sharp Decline Due to Market Maker Liquidation"
Unlimit Launches Stablecoin Decentralized Clearing Platform Stable.com
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]