๐ POST #3 โ CRYPTO MARKET CAP SLIPS TO $2.7T
The crypto market is cooling off after last weekโs rally. ๐
๐น Global crypto market cap: around $2.70T
๐น Bitcoin: around $78.5K, down roughly 1.3%
๐น Ethereum: around $2.48K
๐น BTC has struggled to stay above the $79Kโ$80K zone
๐น Major altcoins are also seeing pressure as traders become more cautious.
๐ฅ Whatโs driving the market?
๐บ๐ธ U.S. inflation data is the big catalyst this week.
PPI is due September 10, followed by CPI on September 11. Meanwhile, markets are watching the Federal Reserveโs September 15โ16 meeting closely.
๐ The key battle now:
๐ข BTC reclaims $80K โ bullish momentum could return
๐ข Break above $82Kโ$83K โ stronger breakout signal
๐ด Lose $78K โ downside risk increases
๐ด Weak altcoin performance โ BTC dominance may remain elevated
Despite the pullback, Bitcoin ETF demand has remained strong, with nearly $987M of weekly inflows through September 4.
๐ Do you think the crypto market will recover above $3T nextโor see another correction first?
โ ๏ธ Not financial advice. Crypto is highly volatile. Always do your own research.
#Crypto #Bitcoin #BTC #Ethereum #ETH #Binance #BinanceSquare #CryptoMarket #CryptoNews #Altcoins #Blockchain #BinanceCommunity ๎
The crypto market is cooling off after last weekโs rally. ๐
๐น Global crypto market cap: around $2.70T
๐น Bitcoin: around $78.5K, down roughly 1.3%
๐น Ethereum: around $2.48K
๐น BTC has struggled to stay above the $79Kโ$80K zone
๐น Major altcoins are also seeing pressure as traders become more cautious.
๐ฅ Whatโs driving the market?
๐บ๐ธ U.S. inflation data is the big catalyst this week.
PPI is due September 10, followed by CPI on September 11. Meanwhile, markets are watching the Federal Reserveโs September 15โ16 meeting closely.
๐ The key battle now:
๐ข BTC reclaims $80K โ bullish momentum could return
๐ข Break above $82Kโ$83K โ stronger breakout signal
๐ด Lose $78K โ downside risk increases
๐ด Weak altcoin performance โ BTC dominance may remain elevated
Despite the pullback, Bitcoin ETF demand has remained strong, with nearly $987M of weekly inflows through September 4.
๐ Do you think the crypto market will recover above $3T nextโor see another correction first?
โ ๏ธ Not financial advice. Crypto is highly volatile. Always do your own research.
#Crypto #Bitcoin #BTC #Ethereum #ETH #Binance #BinanceSquare #CryptoMarket #CryptoNews #Altcoins #Blockchain #BinanceCommunity ๎
