As reported by Cointribune, the crypto market is experiencing a sharp downturn in September, with Bitcoin, Ethereum, and Dogecoin all showing significant declines. Bitcoin closed at $112,769, down 2.19% on the day, nearing a 4% monthly drop that would mark another 'Red September.' Technical indicators such as RSI, ADX, and moving averages suggest a weakening bullish trend, with key support levels at $111,000 and $108,500 under pressure. The broader crypto market has lost 3.8% in total capitalization, falling below $4 trillion, while traditional markets like the S&P 500 remain stable.
Crypto Market Faces 'Red September' as Bitcoin Drops Below $113,000
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