2 hours ago
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Key Takeaways
- Bitcoin fell 1.45% to roughly $77,500.
- Monero and TRON led daily losses.
- Rising yields make speculative assets less attractive.
- A rapid yen reversal threatens carry trades.
September opens with a controlled pullback
Bitcoin traded at approximately $77,500 at 19:50 UTC on September 1, down 1.45% over 24 hours, according to CoinMarketCap. The CMC20 index declined 1.11% over the same period, placing Bitcoin’s move inside a broader but still contained market pullback.
Among the leading cryptocurrencies tracked at the time, Monero posted the steepest daily loss, falling 3.6% to $502. TRON dropped 2.8% to $0.32, Solana lost 1.6% to $101 and Ethereum declined 1.5% to $2,430. Monero nevertheless remained almost 13% higher over seven days, while Solana retained a weekly gain of 2.6%. Their daily losses therefore followed recent strength rather than extending a weeklong sell-off.
The losses were broad enough to show weaker risk appetite, but not severe ...
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