Key Notes
Bitcoin trades at $110,987 with 1.58% gains while S&P 500 falls 1.48%, breaking traditional correlation patterns on September 2.
Altseason Index reaches 61 on Coinglass as Bitcoin Dominance drops from 65% cycle peak to 58%, indicating capital rotation to altcoins.
Strategy purchased 4,000 BTC worth $449 million while crypto total market cap rises 1.5% to $3.77 trillion intraday.
Historically, the cryptocurrency market, led by Bitcoin BTC $110 569 24h volatility: 1.3% Market cap: $2.20 T Vol. 24h: $53.31 B , has registered a significant correlation to the US stock market, most of the time moving upward when stocks go up and downward when stocks go down. This correlation is now being challenged on September 2, with the United States back from Lab