Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
10x Research: The underlying market structure and fundamentals have gradually weakened, and September may usher in a key turning point

10x Research: The underlying market structure and fundamentals have gradually weakened, and September may usher in a key turning point

CointimeCointime2024/09/02 03:58
By:Cointime

10x Research posted on social media stating that although it remains optimistic about the medium to long-term prospects of digital assets, caution is needed in the short term. Despite the V-shaped rebound in the market after the downturns in early May, early July, and early August, the potential market structure and fundamentals have gradually weakened. As a result, each subsequent downturn has become deeper, and the subsequent recovery has been more moderate. The latest end-of-month data indicates that we may be approaching a key turning point in September, characterized by a decline in demand.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Franklin Templeton expands tokenized money market fund to Ethereum

Franklin Templeton has expanded its FOBXX tokenized government securities fund to Ethereum, further diversifying its blockchain presence alongside networks like Aptos and Stellar.Tokenized government securities now have a total AUM of $2.329 billion, with Franklin Templeton’s FOBXX and BlackRock’s BUIDL fund leading the market share, according to Dune Analytics.

The Block2024/11/14 17:11