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The market generally believes that the core CPI (including food and energy imports) may only increase by 0.2% month on month in August, which is one of the main indicators of inflation

Bitcoin recorded its first weekly high since August, rising nearly 3% in the past 7 days. This positive momentum ended four consecutive weeks of decline

It is revealed that the annual transaction volume of Bitcoin exceeds that of Visa, one of the world's largest payment networks.Bitcoin recorded parabolic changes in on chain transactions in 2023

Buying orders are returning to the Ethereum futures market, indicating that negative sentiment is correcting. However, as the coinSince September 10th, ETH's buy to sell ratio has steadily increasedUnder strong resistance of $2000, ETH investment continues to yield extremely low profitsAccording to the 30 day Simple Moving Average (SMA) evaluation, the buying and selling ratio of Ethereum [ETH] recipients has climbed to its highest level since June 23rd

Rising interest rates, delayed Bitcoin ETFs, global financial turmoil, and other regulatory pressures are leading to poor performance in the crypto market.Why did the crypto market decline this week?Rising interest rates, delayed Bitcoin ETFs, global financial turmoil, and other regulatory pressures are leading to poor performance in the crypto market

Ethereum Price PerformanceDue to parameter mismatch, Ethereum's highly anticipated Holesky test network will not be able to start as planned. Nevertheless, it will still become the largest testing network on the blockchain network

Although Ethereum has fallen by 66.4% compared to ATH, many market participants believe that ETH is worth paying attention to

In recent days, Bitcoin has shown signs of potential reversal, showing a daily rise for three consecutive days.The last time this pattern was observed was between early July and mid to late June, when Bitcoin rose from slightly below $25000 to over $31000

After forming a continuous candlestick pattern on the weekly chart of the past three weeks, Bitcoin (BTC) is expected to end the week with a positive attitude. This is an early sign that the uncertainty between bulls and bears is addressing the upward problem

On September 2nd, the price of Ethereum (ETH) fell to $1620. Both on chain and derivative trading data indicate that Ethereum may experience more bearish resistance in the coming days

Ethereum (ETH) prices are currently in the recovery stage and are attempting to break through the key resistance level of $1620 against the US dollar. However, to achieve a significant increase, they must remain stable above $1650

Ethereum is facing a critical moment where a wedge-shaped descent pattern may occur.If it falls below the current support level, Ethereum may fall to $1491 or even $1360