Cryptocurrencies

BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC Analysis by Cointelegraph

Bitcoin (BTC) has been fluctuating between $25,333 and $26,156 since September 1st. Typically, a period of low volatility is followed by an increase in volatility, but predicting the direction of that breakout remains uncertain.

Data indicates that Bitcoin has experienced declines for six consecutive Septembers. This historical trend could discourage bullish sentiment in the near term while encouraging bearish outlooks. Additionally, the U.S. Dollar Index (DXY), which generally has an inverse relationship with Bitcoin, has seen a significant rise in recent weeks, suggesting that Bitcoin may remain under pressure for the time being.

Below are various daily charts reflecting the performance of notable cryptocurrencies:

– BTC/USDT
– ETH/USDT
– BNB/USDT
– XRP/USDT
– ADA/USDT
– DOGE/USDT
– SOL/USDT
– TON/USDT
– DOT/USDT
– MATIC/USDT

This market overview highlights the ongoing challenges Bitcoin is facing, along with broader market trends.

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