Today’s crypto market is facing some turbulence, with a 2% drop in the overall market cap. Bitcoin is currently trading around $64,500, marking a muted start to the week. This decline comes as traders await key economic data and a speech from Federal Reserve Chair Jerome Powell, which could impact market sentiment in the coming days. Despite this, Bitcoin has shown an 8% gain over September, which may hint at a positive close to the year, especially with upcoming economic reports like the September ISM Manufacturing data and job reports later this week
If you’re following the crypto market, this could be a period of cautious optimism, with a potential bullish Q4 outlook.