During the week of August 31 to September 4, the cryptocurrency market saw Bitcoin rise 2.7% to $80,713 and Ethereum increase 2.3% to $2,524. Although the overall market capitalization briefly contracted by $7 billion due to stronger-than-expected U.S. employment data, the market ended the week up 4.5% at $2.81 trillion, demonstrating underlying strength. Hawkish remarks by Federal Reserve Board member Christopher Waller served as a short-term price catalyst. Meanwhile, the introduction of Bitcoin and Ethereum ETNs (Exchange-Traded Notes) by UK-based brokerage Hargreaves Lansdown triggered significant shifts in market structure through increased ETF inflows and institutional participation. Despite temporary corrections driven by macroeconomic factors, the cryptocurrency market maintained strong resilience throughout the week. #markets #investing ※Investing involves risks. Please make final decisions at your own responsibility.
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