Bitcoin's market dominance declined from 65% to 58% in August, but altcoin market capitalization fell $100 billion, creating misleading signals about the start of altcoin season.
Popular memecoin PEPE declined approximately 1% following a major token holder's transfer of 500 billion tokens valued at $4.8 million to Binance exchange.
XRP faces critical technical levels as analysts debate potential breakout scenarios while the cryptocurrency battles to maintain support near $2.73 amid mixed fundamental developments.