The crypto market continues to navigate its sideways trend. The total market capitalization has fallen by 0.3% in the past 24 hours, just below the four trillion US dollar mark.
Bitcoin is down 0.5% to $112,000. The leading cryptocurrency is trading 3.5 percent lower every week.
Ethereum is losing one percentage point on a daily basis, slipping to $4,155. This is a loss of seven percent over the past seven days.
The overall picture among the largest cryptocurrencies is similar. Only BNB can gain slightly, with a price increase of 2.5 percent. XRP, Solana, Dogecoin, Tron, and Cardano, on the other hand, are posting losses of up to four percent.
The situation is different for the current high-flyer, Aster. The altcoin’s price has broken the two-dollar mark with an 18 percent increase. In the few days since the launch of the Binance DEX, the coin has quadrupled in value. Read more about Aster and whether the rally can be trusted here: Aster Gains Momentum: The Next Hyperliquid?
Overall, however, the market appears to be experiencing a downturn in sentiment. This is reflected in the Crypto Fear and Greed Index, which currently situates investor sentiment in the fear range at 44 points. There are no signs of an uptrend.
The month of September is considered historically weak in the crypto market, and especially for Bitcoin. Based on current data, the largest cryptocurrency would still close the month with a gain of over three percent, according to data from Coinglass.
Hope is pinned on the coming month of October, which has typically been accompanied by significant price gains.