The cryptocurrency market is currently at a critical juncture, especially as September may become an important turning point. At present, the trend of altcoins (often referred to as 山寨币) seems to fluctuate within a certain range. Looking back to early July, due to the passage of the GEN Act, Bitcoin once broke through $123,000, driving the entire encryption market to heat up. However, Bitcoin subsequently fell back below $120,000, and the upward momentum of altcoins also weakened.
An indicator measuring the performance of the altcoin market shows that it has dropped from a high of 60% on July
An indicator measuring the performance of the altcoin market shows that it has dropped from a high of 60% on July
BTC0.66%