Bitcoin, Ethereum, XRP Fall. Why a Crypto Correction May Be Coming. -- Barrons.com

Dow Jones
09/01

By Elsa Ohlen

Bitcoin traded largely sideways to start Labor Day as other cryptocurrencies mostly fell.

Bitcoin was down less than 0.1% over the past 24 hours to $108,721, according to CoinDesk data. The world's largest crypto fell sharply Friday while altcoins dropped even more.

Ether and XRP were down 0.7% and 2.8% Monday, respectively. Solana fell 1.5%. U.S. equity markets were closed for Labor Day.

Bitcoin hit a record high in mid-August of more than $124,000. Despite a dip in both cryptos and equities in April following President Donald Trump's sweeping global tariffs, cryptocurrencies have been on an upward trend since late 2024 when it became clear that crypto-friendly Trump would return to the White House.

However, Bitcoin may have peaked for now, and a deeper correction could be in the cards, said John Glover at Ledn. Prices could fall as low as $75,000, according to technical analysis, he said, however noting uncertainty around the price prediction.

Technical analysis is a method of predicting future asset prices based on historical data, assuming patterns will repeat themselves. There are limitations with this type of analysis as it doesn't take into consideration unforeseen events which can significantly impact prices and make them deviate from historical patterns.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

September 01, 2025 04:20 ET (08:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10