As of September 2024, the cryptocurrency market has experienced fluctuations, particularly with major assets like Bitcoin and Ethereum. Bitcoin (BTC), after hitting a peak of around $65,000, saw a decline to approximately $56,600, an 8% drop from its recent highs, continuing its downward trend since August. Despite some buying interest at support levels, its short-term outlook remains bearish $BTC
Ethereum (ETH) is also seeing some volatility, with its price affected by the broader market's corrections. Stablecoins like Tether (USDT) and USD Coin (USDC) have maintained their value at $1 due to their peg to fiat currencies, providing stability amid the fluctuations [[❞]$ETH
In terms of other major cryptocurrencies, Binance Coin (BNB) has shown significant gains, and Solana (SOL) continues to rise, reflecting the ongoing strength of decentralized finance (DeFi) and smart contract platforms [[❞]]$BNB
In general, the crypto market remains highly volatile, with Bitcoin's price trend serving as a key indicator for the rest of the market.#CPI_BTC_Watch #BNBChainMemecoins #PowellAtJacksonHole #SahmRule #DOGSONBINANCE