Cryptocurrency markets have had a week of cautious optimism, with Bitcoin strengthening, Ethereum and altcoins preparing for potential growth, and key events – Fed rates, regulatory updates and token-anlock volumes – setting the tone for the second half of September.
Bitcoin is up 8% for September and is aiming for its best September in 13 years.
The total crypto market capitalisation has stabilised at around $4.05 trillion.
Bitcoin’s dominance has diminished somewhat – giving space for altcoins to prove themselves.
Ethereum and other major altcoins have shown better growth rates in recent months; ETH outperformed Bitcoin over the last third of the summer.
Bitcoin and ETH trading volumes are down slightly, reflecting expectations on the part of market participants ahead of major decisive events and regulatory decisions.
Predictions and familiar themes for the second half of September from Fixygen:
Market participants are expecting another rate cut in the US, which could boost “risky” assets, including cryptocurrencies.
With Bitcoin not as clearly in the lead, investors are likely to flow into altcoins – especially projects with real utility or new upgrades/token anlocks.
Simplified listing rules for ETF products, relaxed regulations – all of these could boost institutional capital inflows.
Possible sharp pullbacks, especially if macroeconomics unexpectedly deteriorate: inflation, unstable geopolitics or regulatory hubris. Support from key levels (sustained resistance/support) will be critical.
Strong focus on token unlocks events and updates on network protocols (e.g. increased throughput, increased staking gains). These events may become drivers of short-term interest in the market.