The Crypto Market’s Lacklustre as a Sign of Subdued Risk Appetite
Bitcoin continues to hover around $111K, crossing this mark up or down every day for the past seven days. Since the beginning of September, an upward line can be drawn through the local price lows, but BTC has gained about 3.6% during this time, more than the losses on 28 August alone.
Crypto News
The total volume of corporate Bitcoin reserves reached a record 840,000 BTC in August, but their growth rate and transaction volume fell to annual lows, according to CryptoQuant. This indicates a weakening of institutional demand.
The altcoin season has already begun, but only for those coins that large companies have included in their reserves, according to Bloomberg. Another potential driver of the alt season could be the approval of crypto…
