Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
DOGE 
ETH 
SOL September started poorly, risky assets generally fell, and cryptocurrencies and the stock market were under pressure simultaneously.
At the beginning of September, risky assets, including cryptocurrencies and stocks, fell overall. Dogcoin co-founder Billy Marcus (named Shibetoshi Nakamoto on the X platform) commented on market performance with his usual cold humor and attracted attention.
The market is red, and September starts to get cold.
Billy Marcus posted on the X platform: "September is as good as ever." The accompanying chart shows that cryptocurrencies such as Bitcoin, Ethereum, Solana, and Dogcoin all recorded declines. The major U.S. stock index, the S & P 500 index, is also in a decline area, highlighting the global nature of this round of correction.
According to CoinGlass, a total of US$361 million in positions in the cryptocurrency market have been liquidated in the past 24 hours. This trend reflects the high volatility that typically accompanies early September-historically, September has been unfriendly for risky assets such as cryptocurrencies and is often nicknamed the "harvest month." Since 2013, Bitcoin's average return in September was about-3% and ended up rising only five times.
Traditional markets have not been spared. Since 1975, the S & P 500 was the only month to record an average negative return in September. As the September market kicks off, traders are closely watching whether market sentiment may shift or whether the decline will continue.
Dogecoin fell out of the top ten in market value
As of press time, dogcoin fell 1.41% to US$0.081 in 24 hours. At the weekly level, this meme cryptocurrency fell by 4.90%. Since briefly touching US$0.10 on August 22, Dogecoin has entered a rapid profit-taking stage and has recently fallen to a low of US$0.08.
This round of sharp correction has caused the market value of Dogecoin to drop to US$12.74 billion, falling out of the top ten in the market value of cryptocurrencies and currently ranking 11th, losing its previous position among top digital assets.
Dogecoin is an open source peer-to-peer cryptocurrency launched in 2013 and was originally inspired by the popular Doge meme. It quickly became popular with its community-driven approach and relaxed style, but market fluctuations in recent years have had a significant impact on its rankings.
(Note: The S & P 500 index is a stock index that tracks the performance of 500 large companies on U.S. exchanges and is regarded as one of the important indicators to measure the overall trend of the U.S. stock market.)
Macroeconomic factors and the Federal Reserve's expectation of raising interest rates are intensifying pressure
Investors are facing macro headwinds at the same time. Federal Reserve Chairman Kevin Walsh delivered a hawkish speech at the annual meeting of global central banks in Jackson Hole, emphasizing that inflation continues to be stubborn and markets have become more cautious. Currently, the market predicts that the probability of the Federal Reserve raising interest rates by 25 basis points at its September 16 meeting is 66%, and there may be another rate hike this year.
Uncertainty in U.S. monetary policy continues to put pressure on digital assets and traditional markets, exacerbating volatility and leading to a conservative mentality among market participants.
