The latest price moves in crypto markets in context for Sept. 6, 2023.
, showing little to no signs of life. BTC is basically unchanged over 24 hours, down 0.1% at around $25,700. is down by a negligible 0.04%. Investors are seemingly holding off making any substantial moves until further developments emerge, both in the cryptocurrency market and the wider economy.
September is a historically difficult month for BTC, having recorded negative returns in that month every year since 2016. The odds, therefore, are “stacked in favor of ETH,” Lunde said, citing the 60% gain that bitcoin made in the three weeks prior to its first U.S. futures-based ETF winning approval in 2021..
The SOMA tokens will actually represent a financial interest, given the token would be a non-cumulative, participating preferred stock of , the company said. This would address the criticism that crypto tokens don’t represent a financial claim on the equity or debt of the issuer.Despite lingering regulatory risks, Binance remains the dominant exchange in the crypto market.
Binance's bitcoin-tether pair accounts for 86% of the global BTC spot market trading volume this year, according to data tracked by FRNT Financial.
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