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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB By Cointelegraph


Price analysis 9/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

The cryptocurrency markets have been quiet over the weekend. The sideways price action continues on Sept. 5 and there are unlikely to be any fresh triggers from the United States equities markets, which are closed for Labor Day.

However, the bullish picture for cryptocurrencies looks clouded as the energy crisis in Europe sent the euro to a two-decade low versus the US dollar. Meanwhile, the (DXY) which has an inverse correlation with the equity markets and cryptocurrencies soared above 110 for the first time since June 2002.

Daily cryptocurrency market performance. Source: Coin360