Analysis: Even if the Fed cuts interest rates in September, the slowdown in the crypto market will continue in the short term
19hours ago
Binance Research released its September cryptocurrency trend report, which noted that the cryptocurrency market cooled slightly in August, with total market capitalization falling 1.7%. Both Bitcoin and Ethereum retreated from their highs. As capital shifted toward altcoins, Bitcoin's dominance further declined to 57.3%, while Ethereum's dominance rose to 14.2%, with corporate funds beginning to flow into Ethereum. Furthermore, September has historically been a weak month for the crypto market, so even with market attention focused on a potential Federal Reserve rate cut, the slowdown in the crypto market is likely to continue in the short term.
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