Ethereum

Solana

Bitcoin

Dogecoin

<p>The cryptocurrency market saw a sharp downturn in the past 24 hours, with total market capitalization dropping 3.87% to $3.75 trillion, according to CoinMarketCap data. Bitcoin dropped 3.77% to trade near $108,675. Ethereum also fell nearly 4%, sliding to $4,340. Among the top coins, XRP was one of the hardest hit, tumbling more than 5% to $2.83. </p> 
<p>Solana slipped to $205, Dogecoin lost over 4%, and Cardano shed 4.4%, bringing it down to $0.82. This downturn followed Trump’s sudden removal of Fed Governor Lisa Cook on August 28, along with growing uncertainty over the Fed’s September rate decision.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-the-september-pattern">The September Pattern</h2> 
<p>Traders are now worried that the selloff could be the beginning of a larger correction. History shows that every major four-year crypto cycle has delivered<a href="https://www.youtube.com/watch?v=8GFkoemTaPA" target="_blank" rel="noreferrer noopener nofollow"> steep September losses.</a> In 2013, Bitcoin dropped 15% in early September. In 2017, it crashed 40% during the same month, pulling altcoins down with it. More recently, in 2021, Bitcoin lost 25% between September 7 and September 21.</p> 
<p>With inflation data set to be released later this week, the risk of more downside is high. Analysts warn that a higher-than-expected PCE print could spark two sharp red candles similar to past cycles, possibly pushing Bitcoin down another 10 to 20% and altcoins down 30 to 50%.</p> 
<h3 class="wp-block-heading" id="h-outlook-ahead">Outlook Ahead</h3> 
<p>If history repeats, September could bring a two-to-three-week correction before markets find their footing again. In past cycles, these shakeouts often created the conditions for strong Q4 rallies. For now, experts are watching the $100,000 support zone for Bitcoin, which could serve as a critical level heading into the final quarter of the year.</p>

Crypto Market Crash: Bitcoin Slips Under $110K, XRP Down 5% Amid ‘Redtember’ Fears

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