Bitcoin continued the fall in September, decreasing to the lowest level for two months – almost 14% lower than its maximum record.
Bitcoin on Monday fell to $ 107,274 – the lowest level from the beginning of July, according to Binance data.
Thus, at the beginning of the day, cryptocurrency was 0.8% below the previous indicator.
The downward pressure has increased by Bitcoin-OTF flows to the United States and the Microstrategy Award falling to BTC, which doubts corporate approaches focused on cryptocurrency accumulation. According to the analysts, it reflects the time of the market and the revision of long -term value assessment techniques.
An additional factor in volatility is the expectations of the Fed solution: a potential decrease in rate can weaken a time -term denial, while new flows from ETF or the sale of properties can speed up a fall to $ 100,000.
Among other cryptocurrencies: ETHEREUM (ETH) reduced by 1.7% to $ 4,390, Solana (Sol) – by 3.4% to $ 197.6, XRP – by 4.3% to $ 2.72, and Dogecoin (Doge) headed in the fall, losing 4.5% per day.
Despite this, some PRO-BTC analysts remain optimistic, asserting that the top has not been achieved. One of these analysts, known as Mr Wall Street, claimed that even some investors were selling in a panic, no evidence proved to the beginning of the bear market.
Historically, since 2013, Bitcoin completed September 8 times out of 12, especially with the decline of 13% in 2019 and in 19% in 2014. The exception was 2015, 2016 and 2023, when cryptocurrency showed a little growth.
Remember that in July, the total cost of the crypto property markets in the first time exceeds $ 4 trillion against the back of the growth of altcoins and a new impulse from the large -scale legislative regulation in the United States.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.