On August 28th, Rachael Lucas, crypto analyst at BTC Markets, said: "Today's decline in the crypto market is not due to a single catalyst, it appears to be a combination of factors. Technical indicators show that the dollar index (DXY) is oversold on the daily chart, which could indicate a possible rebound in the dollar, which has traditionally led to downside pressure on risky assets such as cryptocurrencies."
Mr. Lucas added that seasonal factors could be linked to the market downturn. The "September effect" usually leads to poor market performance due to portfolio rebalancing, profits from tax losses and heightened caution ahead of the US election.
Analysis: Crypto market declines due to a combination of factors such as the "September effect"
2024-08-28 05:14:40
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析：加密市场在“9月效应”等多种因素综合作用下下跌Next article：
Bubblemaps：内部人士已出售900万美元NEIRO
