Bitcoin Down as 'Rektember' Gets Underway -- Market Talk
Dow Jones2026/09/02 13:110911 ET - Bitcoin is down 0.6% to $76,987, under pressure after Fed Chair Warsh's recent speech that pushed overall market sentiment toward a quarter-point rate hike later this month. Alternative store-of-value assets like gold and bitcoin have been hit by higher Treasury yields, which come at a time known to some in the cryptocurrency space as "Rektember". The month of September is often considered by some as a negative month for bitcoin, although September prices in recent years have been mostly rangebound, according to data from CoinMarketCap. Ethereum falls 1.4% to $2,387, XRP is down 1.7% to $1.33, and solana is off 1.8% to $98.26. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
September 02, 2026 09:11 ET (13:11 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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