TechFlow, September 5 — Binance Research released its September cryptocurrency trends report, noting that the crypto market cooled slightly in August, with total market capitalization declining by 1.7%. Both Bitcoin and Ethereum retreated from their highs. As capital shifted toward altcoins, Bitcoin's dominance further dropped to 57.3%, while Ethereum's rose to 14.2%, with corporate funds beginning to flow into Ethereum. Additionally, September is historically a weak month for the crypto market, so despite market attention on a possible Fed rate cut, the slowdown observed in August may continue in the near term.
Add to Favorites
Share to Social Media
