As summer ends and fall begins, the crypto market anticipates significant changes. September could be pivotal, with potential Federal Reserve rate cuts influencing Bitcoin and Ethereum. Fed Chair Jerome Powell hinted at policy adjustments during the Jackson Hole symposium, which could weaken the dollar and make cryptocurrencies more attractive.
Bitcoin ETFs have seen a substantial inflow of $17.86 billion recently, signaling strong institutional interest. This backing from traditional finance might shield Bitcoin and Ethereum from declines, highlighting their growing appeal.
In August, stablecoin market cap grew from $163.8 billion to $169.8 billion, indicating strong liquidity in the crypto market. Bitcoin’s difficulty is expected to rise slightly, and historically, September has been a corrective month for Bitcoin. Currently trading at $59,489, Bitcoin shows short-term bullish sentiment but faces a drop in trading volume and tight trading range.