Price analysis 9/9: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Bitcoin bulls are trying to push the price back inside the range, indicating that the markets have rejected the breakdown.

The S&P 500 Index (SPX) has recovered around 1% on Sept. 9 after falling roughly 4.5% last week. Similarly, Bitcoin (BTC) is also finding buyers and has risen to about  $56,500, after slipping near $52,500 last week.

After the initial rise, the onus is on the bulls to maintain the recovery because the weakness in the past few days has resulted in a sharp outflow from the United States-based spot Bitcoin exchange-traded funds (ETFs). Bloomberg data showed $1.2 billion in outflows from the ETFs in eight days.

Daily cryptocurrency market performance. Source: Coin360

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Bitcoin bulls are trying to push the price back inside the range, indicating that the markets have rejected the breakdown.
The S&P 500 Index (SPX) has recovered around 1% on Sept. 9 after falling roughly 4.5% last week. Similarly, Bitcoin (BTC) is also finding buyers and has risen to about  $56,500, after slipping near $52,500 last week.After the initial rise, the onus is on the bulls to maintain the recovery because the weakness in the past few days has resulted in a sharp outflow from the United States-based spot Bitcoin exchange-traded funds (ETFs). Bloomberg data showed $1.2 billion in outflows from the ETFs in eight days.Daily cryptocurrency market performance. Source: Coin360Read more