Bitcoin Down as 'Rektember' Gets Underway — Market Talk

Bitcoin is down 0.6% to $76,987, under pressure after Fed Chair Warsh's recent speech that pushed overall market sentiment toward a quarter-point rate hike later this month. Alternative store-of-value assets like gold and bitcoin have been hit by higher Treasury yields, which come at a time known to some in the cryptocurrency space as "Rektember". The month of September is often considered by some as a negative month for bitcoin, although September prices in recent years have been mostly rangebound, according to data from CoinMarketCap. Ethereum falls 1.4% to $2,387, XRP is down 1.7% to $1.33, and solana is off 1.8% to $98.26. ([email protected])