BlockBeats News, September 7th, Binance Research released its September cryptocurrency trend report, stating: In August, the cryptocurrency market cooled slightly, with a total market capitalization decline of 1.7%. Both Bitcoin and Ethereum retraced from their highs. As capital shifted towards altcoins, Bitcoin’s dominance fell further to 57.3%, while Ethereum’s dominance rose to 14.2%. Corporate funds began to flow into Ethereum. Additionally, September has historically been a weak performing month for the crypto market, so even though the market is keeping an eye on the possibility of a Fed rate cut, the slowdown trend in the crypto market may continue in the short term.
