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Market Pullback
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September has long carried a reputation as a difficult month.
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No matter what happens now, these two cryptocurrencies are etched in the marble of time. Bitcoin has already charmed the general public, from the student stacking some satoshis to the sovereign wealth fund making it an alternative reserve. Ethereum, meanwhile, finds itself in the vault of the institutional giants. One plays the role of symbol, the other attracts the money of the powerful. The recent figures from CoinShares leave no doubt: the duel between BTC and ETH has never been so sharp. Bitcoin recovered $109,000, despite a weekly market decline of 2%. Ethereum recorded $3.95 billion in institutional inflows in August, versus -$301 million for BTC. The United States led flows with $2.29 billion, followed by Switzerland and Germany. Bitcoin dominance remains at 58%, but could swing between 53% and 63%. ETH attracts capital, BTC holds the throne Ethereum has established itself as the star of institutional funds. Just last week, $1.42 billion flowed into ether-linked products, versus $748 million for bitcoin. And in August, the difference is vast: $3.95 billion inflows for ETH against $301 million outflows for BTC. James Butterfill, head of research at CoinShares, summarized it: “Ethereum continues to dominate Bitcoin… Flows remained strong throughout the week before flipping on Friday after the Core PCE release. The data did not confirm the hope of a Fed rate cut in September, which disappointed digital asset investors” However, ether did not perform better in the market: -4.3% over the week, versus -2% for bitcoin. Institutional investors are betting on ETH despite its volatility, proof that the battle between adoption and valuation is far from settled. Bitcoin, Ethereum and the fragile balance of dominance The question of supremacy remains hot. Bitcoin dominance hovers around 58%. Myriad Markets traders admit: it’s almost a coin toss. BTC dominance could rise to 63% or drop to 53%, it will all depend on the momentum in the coming days. Meanwhile, other altcoins like Solana $SOL $XRP $BTC
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#The President of the European Central Bank steps up against dollar-backed stablecoins. During a conference in Frankfurt, Christine Lagarde demanded “firm” guarantees for any foreign issuer wishing to operate in the EU. A strong signal of European fears regarding the growing influence of the greenback in cross-border digital payments. Christine Lagarde imposes strict equivalence conditions on foreign stablecoins wishing to operate in the EU. The ECB fears that a banking rush on stablecoins will favor the best-protected jurisdictions like Europe. Stablecoins now represent nearly 290 billion dollars in global capitalization, dominated by the American USDT. This stance is part of a European strategy to counter the hegemony of the dollar via stablecoins. Christine Lagarde demands strict guarantees for foreign stablecoins On Wednesday, during the European Systemic Risk Board conference in Frankfurt, Christine Lagarde raised her voice. The ECB President demands that foreign stablecoins comply with European standards before any activity in the Union. A stance that marks a turning point in the European approach to digital assets. In a speech in Frankfurt, Christine Lagarde hammered that these assets must respect the regulatory framework of the bloc to prevent arbitrage and protect financial stability. Behind this red line, an obvious target: American giants Tether (USDT) and Circle (USDC), whose combined capitalization exceeds 220 billion dollars. The issue goes beyond technicalities: it is a monetary infrastructure battle in the digital age. The ECB chief also warned against poor liquidity management across jurisdictions. In case of a trust crisis, holders will seek redemption in the best-protected zones. However, in Europe, MiCA prohibits redemption fees: an influx of requests could quickly dry up local reserves if the issuer operates elsewhere while capturing repayments.$XRP $ETH $BTC This offensive is part of a broader strategy. For months, European authorities have multiplied warnings about stablecoins.
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🇸🇻NEW: President Nayib Bukele declares El Salvador will buy 1#Bitcoin every day until it becomes “unaffordable with fiat currencies.”$BTC $XRP $BNB #BinanceHODLerOPEN #USNonFarmPayrollReport #RedSeptember
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