According to BlockBeats, on September 3, the cryptocurrency market analysis firm Santiment posted on social media that Bitcoin is showing signs of recovery as the S&P 500 index pauses due to Labor Day in the United States.

The growth of cryptocurrencies independent of stock market movements indicates a robust crypto industry. Additionally, with traders' bearish sentiment and increasing FUD (fear, uncertainty, and doubt), there are signs that a rebound may be imminent.