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The cryptocurrency market has struggled to gain momentum for most of this year. Bitcoin (BTC) rose to an all-time high of $108,786 on Jan. 20. Since its January peak, the original crypto has failed to regain the same momentum. Also Read: Ripple (XRP) March End Price Prediction Cryptocurrencies Fall Despite Bullish Developments Source: The Economic Times The global crypto market cap has dipped 6% in the last 24 hours to $2.8 trillion. Bitcoin (BTC) is trading just above the $82,000 mark. BTC’s price has fallen 4% in the daily charts, 11.7% in the weekly charts, 13.9% in the 14-day charts, and 14.3% over the previous month. Despite the dip, BTC has maintained an 18.6% growth since March 2024. Source: CoinGecko Also Read: ONDO Cryptocurrency to Surge 110% In March Amid TVL Climb? The latest market dip comes after the US announced sanctions on several of its allies. The US announced taxes on the European Union (EU). The EU said it would retaliate with similar tariffs on the US. The US...

The cryptocurrency market is undergoing another dip, with Bitcoin (BTC) falling below $57,000. The global crypto market cap, on the other hand, has fallen by 4.6% in the last 24 hours to $2.08 trillion. September has historically been a bearish month for the crypto sector. The trend seems to be intact this year as well. Also Read: Can Dogecoin (DOGE) Rise To $1 in 2024? Current Market Trends and Predictions Source: CoinGecko BTC’s Recent Performance BTC is currently down 3.8% in the daily charts, 4.3% in the weekly charts, and 4.5% in the 14-day charts. However, the largest crypto by market cap has maintained gains in the monthly chart, rallying 7.4% in the last 30 days. Why Is The Crypto Market Dipping? The latest market dip is surprising. The Federal Reserve recently announced an interest rate cut in September. Rate cuts usually lead to riskier investments from market participants. September is also usually a bearish month for Bitcoin and the crypto market and may have led to investo...