BitMart Market Weekly Report 9.01-9.07
Market Updates this Week
Last week (9.01-9.07), the net inflow of BTC ETFs was $349 million, and BTC has been in a narrow range of $107,000-113,000 last week, and the overall market fluctuation is small. The current BTC market share is temporarily reported at 57.7%, which is basically the same as last week. BTC retraced 11% from its all-time high in August, which is considered a normal rally and retreat by the market. Last Friday, U.S. non-farm payroll data was released, and the expectation of a rate cut in September was clearer, which also raised market concerns about an economic recession.
ETH ETFs had a net outflow of $787 million last...
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