CryptMarket Analysis — 17-09-03
Bitcoin and major cryptocurrencies are trading lower as macro and regulatory concerns weigh on the market. News of France threatening to block crypto license 'passporting' within the EU signals growing policy friction, potentially limiting pan-European operations for exchanges and increasing compliance risks. Concurrently, anticipation builds ahead of the Federal Reserve's rate decision, with the market eying a widely expected 25bps cut; uncertainty over the Fed’s message tempers optimism and heightens volatility. Large-scale ETF inflows into Bitcoin persist, suggesting resilient institutional interest even as spot prices struggle to hold previous highs and rotation into Ethereum intensifies. Overall, sentiment is cautiously bearish, but bullish triggers could emerge if the Fed signals sustained dovishness.