The reason behind the downtrend of market.
The cryptocurrency market is down on Binance and other platforms primarily due to a mix of regulatory pressures, economic uncertainties, and market corrections. Several events in September 2024, such as the release of U.S. economic data and important regulatory developments, have led to increased volatility. Additionally, the market is responding to concerns about potential interest rate hikes and the impact of ongoing legal battles involving major exchanges, contributing to the current downturn .
