Crypto Market Analysis: September Signals Volatility, Santiment’s Analysis of Bitcoin’s Price Swings

2024-05-05 03:10 75

The post Crypto Market Analysis: September Signals Volatility, Santiment’s Analysis of Bitcoin’s Price Swings appeared first on Coinpedia Fintech News

After surging by 7% late last week on the news of Grayscale’s significant SEC win, the price of Bitcoin has stabilized and returned to its pre-rally levels, hovering around $26,000. The excitement surrounding increased cryptocurrency exposure through ETFs now appears to have been short-lived, as indicated by the market intelligence platform Santiment.

Last Sunday, cryptocurrency traders were elated by the positive resolution of the SEC lawsuit, which fueled optimism that more crypto investment vehicles would soon become available to investors through traditional financial channels.

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