BTC

Crypto Markets Falling Once Again

by BSCN

September 1, 2023

Recent hours have seen major cryptocurrency assets, including ETH and BTC, retracing upward moves made in the wake of Grayscale’s victory over the SEC.

Bitcoin (BTC) and Ethereum (ETH) are down 4.3% and 3.5%, respectively, over the 24-hour, at time of writing, according to data from CoinMarketCap.

Other major cryptocurrencies such as BNB Chain (BNB) and Ripple (XRP) have also experienced sudden and sharp declines.

*Cryptocurrency prices are falling once again. Source:* *CoinMarketCap*

‍Recent Bullish News Not Enough?

Recent updates regarding Grayscale’s lawsuit victory over the SEC, as well as additional news that involved both a Uniswap lawsuit being dismissed, as well as a US judge hinting at Ethereum’s commodity-type nature, has failed to prevent the cryptocurrency markets from slipping back into the red.

Some analysts have pointed to September as a historically bearish month for the digital asset markets, but hope remained prevalent among many pundits. The sudden drop is a stark reminder of just how treacherous and risky the cryptocurrency markets can be.

Disclaimer

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