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Why is the crypto market down today?

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Why is the crypto market down today?

The cryptocurrency market capitalization is down today, with the U.S. Securities and Exchange Commission (SEC) spoiling the rally this week.

The combined valuation of all cryptocurrencies has fallen 3.7% in the last 24 hours to $1.02 trillion on Sep. 1.

Crypto market performance in the past 24 hours. Source: Coin360.com
Liquidation heatmap of crypto assets. Source: Coinglass
DXY daily performance chart featuring its correlation with the crypto market cap. Source: TradingView
Crypto market’s daily performance chart. Source: TradingView

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