Crypto Retreats as Market Cap Sheds 1.1% Amid Macro Jitters
The cryptocurrency market snapped a week-long rally with a 1.1% decline, trimming its total capitalization to $3.23 trillion. While 90 of the top 100 coins posted losses, the downturn remained orderly—Bitcoin slipped 1.2% to $92,227 as Ethereum demonstrated relative resilience with a 0.6% drop to $3,169.
Market structure appears fragile. Holding the $96,000-$106,000 zone is critical for BTC to avert deeper losses. Traders await the September PCE inflation data—a potential catalyst for volatility.
Institutional flows showed strain: US spot ETFs for both BTC and ETH recorded $194.64 million and $41.75 million in outflows respectively. Meanwhile, South Korea's Woori Bank made waves by displaying live Bitcoin prices in its Seoul trading room—a quiet but telling nod to crypto's creeping mainstream acceptance.
