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The cryptocurrency market continues its downward trajectory as we enter September. CoinCodex’s statistics note that Bitcoin’s (BTC) price has fallen to the $107,000 level, after hitting an all-time high of $124,128 on Aug. 14. BTC’s price has dipped 0.9% in the daily charts, 4.2% in the weekly charts, 6.8% in the 14-day charts, and 5.5% over the previous month. Source: CoinGecko Why Is Bitcoin’s Price Falling? Source: Twitter The latest market price crash was triggered after a lower-than-anticipated producer price index (PPI) figure for July. The market picked up steam after Federal Reserve Chair Jerome Powell delivered a dovish speech after the Jackson Hole meeting. The market seems to have taken another dive over the last weekend. The correction may have also been triggered by increased profit-taking after Bitcoin (BTC) climbed to an all-time high. Apart from BTC, Ethereum (ETH), XRP, and BNB also hit new all-time highs over the last few weeks. September has hi...

Bitcoin is one of the leading cryptocurrency assets in today’s age and culture. The fact that the token has weathered several storms to reach this spot speaks volumes about its pace and momentum. However, it seems that the cryptocurrency market is currently up for a haul, an evolution of sorts where institutional interest seems to be pivoting towards another asset rather than Bitcoin. Do you own this asset? Also Read: VanEck CEO Calls Ethereum ‘Wall Street’s Token’ as It Eyes $6K A New Shiny Asset Is Taking Over Bitcoin Source: AscendEx Ethereum is the new breakout asset, the shiny new asset that has captivated the markets as of now. The token has become the center of mainstream crypto transactions, inviting a huge influx and institutional demand at the moment. Per Crypto Gucci, a notable cryptocurrency expert, Ethereum is slowly adopting a new status altogether, beating the allure of Bitcoin in the space. Crypto Gucci, in his new post on X, quoted Matt Hougan, CIO of Bitwise. He ...