Crypto Market Gains 1.02% as Wall Street Falls

US Stock Markets Decline After Labor Day Holiday The S&P 500 fell 0.58% to 7,673 points, while the Nasdaq dropped 0.32% to 3,000 points.
Brent crude rose to $99.46, nearing $100, while U.S.-Canada trade tension indices fell.
Spot Bitcoin Funds Experience Net Outflows On September 8, spot Bitcoin funds recorded a net outflow of $46.65 million, ending a three‑week period of strong inflows.
During the previous three weeks, total inflows reached $3.83 billion.
The September 8 trading volume was $2.41 billion, compared with $14.5 billion for the entire prior week.
The total net asset value of the funds’ holdings fell from $101.25 billion to $99.52 billion.
Crypto Market Climbs 1.02% to $2.73 Trillion Since Monday’s close, the crypto market’s total market capitalization has risen 1.02%, surpassing $2.73 trillion.
The market recovered from its intraday low, indicating a divergence from equities.
The support level at $2.62 trillion held during a two‑day decline; if it is breached, the next support would be $2.59 trillion.
Polkadot Gains and dotUSD Vote Continues Polkadot (DOT) rose 13% in a single day to $1.20, marking a 52% increase over the past month.
DOT holders are voting on the creation of the local stablecoin dotUSD.
The current proposal would mint dotUSD with $1.5 million worth of USDT and add $1.5 million worth of DOT to the liquidity pool.
If approved, the DOT used for minting would be locked as collateral.
Energy Prices and Inflation Could Impact Crypto Energy prices rose 14.7% year‑on‑year in July, with Brent crude reaching $99.46 on September 8.
Higher-than‑expected inflation data could strengthen the case for further interest‑rate hikes, potentially testing the crypto market’s recent recovery.