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Crypto Market Bloodbath: $351B Wipe Out in September, What Next for Q4?
Crypto Market Bloodbath: $351B Wipe Out in September, What Next for Q4?
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BTCCSquare news:
The cryptocurrency market endured a brutal September, shedding $351 billion in total capitalization as bullish optimism collapsed under the weight of cascading liquidations and macroeconomic headwinds. Leveraged traders faced particularly steep losses amid violent price swings, while a resurgent U.S. dollar and persistent inflation fears further dampened risk appetite.
Market sentiment cratered as measured by the Fear & Greed Index, with retail investors retreating to the sidelines. The convergence of adverse factors—including hawkish Federal Reserve rhetoric and U.S. government shutdown risks—created a perfect storm for digital assets. As Q4 begins, the sector searches for catalysts to reverse the downward momentum.
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