Odaily News Binance Research released the September Crypto Assets Trend Report, which pointed out that the crypto market slightly cooled in August, with a total market capitalization falling by 1.7%. Bitcoin and Ethereum both retreated from their peaks, and as capital shifted towards alts, Bitcoin's dominance further declined to 57.3%, while Ethereum's dominance rose to 14.2%, with corporate funds starting to flow into Ethereum. Moreover, September has historically been a month of weak performance for the crypto market, so even if the market follows the Fed's potential interest rate cuts, the slowdown trend in the crypto market may continue in the short term.
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Odaily News Binance Research released the September Crypto Assets Trend Report, which pointed out that the crypto market slightly cooled in August, with a total market capitalization falling by 1.7%. Bitcoin and Ethereum both retreated from their peaks, and as capital shifted towards alts, Bitcoin's dominance further declined to 57.3%, while Ethereum's dominance rose to 14.2%, with corporate funds starting to flow into Ethereum. Moreover, September has historically been a month of weak performance for the crypto market, so even if the market follows the Fed's potential interest rate cuts, the slowdown trend in the crypto market may continue in the short term.