Ethereum

Crypto market analysis firm Santiment posted on social media X, stating that "with the S&P 500 index suspended due to US Labor Day, Bitcoin shows signs of recovery. The growth of cryptocurrency that does not rely on stocks indicates strong strength in the cryptocurrency industry. Coupled with the increasing bearish and FUD sentiment among traders, there are signs that a rebound is imminent. @sewerperson @awg

Bitcoin's resilience during the S&P 500 suspension highlights its independence from traditional markets. The current bearish sentiment could pave the way for a potential rebound, signaling a promising outlook for the cryptocurrency industry.