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Crypto

Cryptocurrency Market Waits for Catalysts as BTC, ETH, XRP Prices Stabilize

Guavy AI Editorial Team
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Bitcoin's price has stabilized around $79,463 after Thursday's market rally lost momentum on Friday. Ethereum and XRP have also shown a fragile recovery, with Ethereum trading at $2,451.72 and XRP holding at $1.40.

The global cryptocurrency market capitalization is near $2.77 trillion, down 1.11% daily. Traders are now awaiting the outcome of two major catalysts: the CLARITY Act vote in the US Senate on September 15 and the Federal Reserve meeting from September 15-16.

Bitcoin's spot ETFs attracted $731 million on September 3, led by BlackRock's IBIT with $454 million. However, Friday's retreat below $80,000 indicates sellers defending the $82,000 resistance zone.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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