crypto market update for September
*Bitcoin (BTC) Price:*
Bitcoin's price has been fluctuating between $56,000 and $58,000, with a recent dip below $56,000 amid a market sell-off. Despite this, Bitcoin's open interest fell 12%, and liquidations decreased, indicating a possible relief rally toward $61,000.
*Altcoin Prices:*
- Solana (SOL) dipped 13.26% in the last week.
- Cardano (ADA) dropped 9.56%.
- XRP fell 2.53%.
- Ethereum (ETH) ended at AU$3,512, moving -2.58% week-on-week.
*Market Trends:*
- The global crypto market cap is $2T, a 1.01% increase over the last day.
- Bitcoin ETFs saw $287M in outflows on September 3.
- Ethereum's CME trading volume hit a nine-month low in August, dropping 31% to $20.8 billion.
*Key Events:*
- The Bureau of Labor Statistics’ jobs report is set for September 6.
- The presidential debate between Vice President Kamala Harris and former President Donald Trump will happen on September 10.
- The Federal Reserve interest rate decision is expected on September 18, with a predicted cut of 25 to 50 basis points. $BTC $ETH $SOL