๐ Market Update | September 1 Briefing
The crypto market faces short-term pressure following a wave of long liquidations and macro pushback.
๐ Key Metrics
โข Global Market Cap: ~$2.58 Trillion (-2.1%)
โข BTC Dominance: ~59.6%
โข 24h Liquidations: ~$390 Million (70% Longs)
๐น Bitcoin ($BTC): Retesting $77,500 after brief dip below $78K. Watch key support near $77K.
๐น Ethereum ($ETH): Trading near $2,415 (-1.7%) despite strong August ETF inflow metrics.
๐น Altcoins: Broad market pullback; $SOL and $XRP down ~2-3% on macro cooling.
๐ก Key Drivers:
Hawkish remarks on inflation expectations from Fed officials sparked profit-taking after Augustโs strong rally, shaking out over-leveraged longs.
Where do you see BTC closing the first week of September? Drop your predictions below! ๐
#CryptoNews #BinanceSquare #Bitcoin #MarketUpdate
The crypto market faces short-term pressure following a wave of long liquidations and macro pushback.
๐ Key Metrics
โข Global Market Cap: ~$2.58 Trillion (-2.1%)
โข BTC Dominance: ~59.6%
โข 24h Liquidations: ~$390 Million (70% Longs)
๐น Bitcoin ($BTC): Retesting $77,500 after brief dip below $78K. Watch key support near $77K.
๐น Ethereum ($ETH): Trading near $2,415 (-1.7%) despite strong August ETF inflow metrics.
๐น Altcoins: Broad market pullback; $SOL and $XRP down ~2-3% on macro cooling.
๐ก Key Drivers:
Hawkish remarks on inflation expectations from Fed officials sparked profit-taking after Augustโs strong rally, shaking out over-leveraged longs.
Where do you see BTC closing the first week of September? Drop your predictions below! ๐
#CryptoNews #BinanceSquare #Bitcoin #MarketUpdate