Bitcoin and ether remained steady as traders expect a potential Fed rate cut in September, though major cryptocurrencies faced profit-taking over the weekend. Bitcoin fell 2.4%, ether 4.4%, with Solana's SOL and XRP leading losses at nearly 5%. As the crypto market stabilized near $115,000 for Bitcoin and above $4,200 for ether, analysts observe a close correlation with equities amid anticipated earnings reports from retail giants. Nick Ruck of LVRG Research mentioned that a Fed rate cut could revive Bitcoin's appeal as 'digital gold.' However, Bitcoin's recent decoupling from gold, which has reached record highs amid central bank buying and geopolitical tensions, suggests differing market narratives. The upcoming weeks may provide clarity as retail earnings may influence crypto trading. Jeff Mei from BTSE commented on the unpredictable nature of market reactions due to the lack of significant economic signals this week. September may determine if Bitcoin will resume its status as a safe haven alongside gold or continue aligning with riskier assets.

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