Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the
Bitcoin could be heading to a correction below $54,000 after the global crypto market capitalization fell below a key psychological level.
The global crypto market capitalization fell below the $2 trillion mark after decreasing 3.46% in the 24 hours leading up to 10 am UTC, Sept. 4, according to CoinMarketCap data.
Total Crypto market cap, 1-month chart. Source: CoinMarketCap
