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
Ripple Labs Granted Expansion of Payment Business Operations in Singapore
Arthur Hayes: If Tether holds illiquid assets, any mishap could trigger questions about overcollateralization
The current mainstream CEX and DEX funding rate indicates a weakening bearish market sentiment.
Lawyer's Interpretation of the "1128" Regulation Policy: Focus on Regulating Activities Using Stablecoins for Illegal Foreign Exchange交
ShieldWall: In November, there were approximately 15 major crypto hacking incidents, with a total loss exceeding $190 million.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]