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Analysis: Even with Fed Rate Cut in September, Crypto Market Cooling Trend Likely to Continue Short-Term
Summary: According to Binance Research's September cryptocurrency trend report, the crypto market cooled slightly in August, with a total market value dropping by 1.7%. Both Bitcoin and Ethereum retreated from their highs, with capital shifting towards altcoins. Bitcoin's dominance further decreased to 57.3%, while Ethereum's dominance rose to 14.2% as corporate funds began flowing into Ethereum. ...
According to Binance Research's September cryptocurrency trend report, the crypto market cooled slightly in August, with a total market value dropping by 1.7%. Both Bitcoin and Ethereum retreated from their highs, with capital shifting towards altcoins. Bitcoin's dominance further decreased to 57.3%, while Ethereum's dominance rose to 14.2% as corporate funds began flowing into Ethereum. Additionally, September historically has been a weak month for the crypto market, so even with market attention on a possible Fed rate cut, the slowing trend in the crypto market may continue in the short term.
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Link: Analysis: Even with Fed Rate Cut in September, Crypto Market Cooling Trend Likely to Continue Short-Term [Copy]
