5 hours ago
3
Bitcoin traded near $84,500 at the time of writing, while XRP had fallen from $1.60 to approximately $1.52 and the total crypto market had slipped below $2.9 trillion. The retreat remained modest relative to the recent rally, but the conditions surrounding it had changed.
BITCOIN
$87,374 → $84,500
About 3.3% below the local high
$87,374 → $84,500
About 3.3% below the local high
XRP
$1.60 → $1.52
About 5% below resistance
$1.60 → $1.52
About 5% below resistance
CRYPTO MARKET
Below $2.9T
Altcoins returned part of their larger gains
Below $2.9T
Altcoins returned part of their larger gains
Why earlier bad news did not stop the rally
The market had already absorbed three developments that would normally be expected to pressure speculative assets.
September 15: CLARITY fails in the Senate
The vote delayed US market-structure legislation, but it did not immediately change trading conditions.
The vote delayed US market-structure legislation, but it did not immediately change trading conditions.
September 16: The Fed raises interest rates
Higher rates increased the return available from lower-risk assets, yet Bitcoin continued toward its May high.
Higher rates increased the return available from lower-risk assets, yet Bitcoin continued toward its May high.
September 18:...
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