CandleFocus

September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit

During the first week of September 2024, the crypto market experienced a significant decline, losing $170 billion in value. Bitcoin and ethereum were the main contributors to this downturn, accounting for 78.82% of the total losses. September has historically been a challenging month for cryptocurrencies, and this year is no exception, with bitcoin down 8.84% so far. This latest market upheaval emphasizes the unpredictable nature of the crypto world, despite the potential for a Q4 recovery based on historical trends.

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