The most important cryptocurrency on the market comes from falling 12% compared to its peak reached on August 13 and since then does not date back its upward trend.
He Bitcoin Record a slight rise of 0.5% this Monday. In this way, its price is U $ S109.082 at the start of the day, according to Binance. The main currency of the market comes from fall for 12% Regarding its peak reached on August 13, with long liquidations that They exceeded US $ 544 million.
Meanwhile, Ethereum drops 1.6% daily to US $ 4,400. The rest of cryptocurrencies operate with a similar trend: XRP falls 1.5%; Tron falls the same, followed by BNB, with 1.3%.
Bitcoin’s bad history in September
From goodbit they explained that “Historically, September is a weak month for Bitcoin, with an average fall of 3.77%“To which are added” technical signals of exhaustion and a market of derivatives inclined towards short positions. “
Anyway, They clarified that there are factors that could lessen that trendamong which highlighted flows to the ETF spot of BTC, the corporate accumulation and potential cut of fees of the Fed in September.
“We maintain a cautious vision in the short term, but positive in the medium termwith focus on the consolidation of Bitcoin as an institutional asset and in Ethereum’s potential after the stabilization of their flows, “they said from the crypto platform.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
