Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said.

Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024.

The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.

Order book liquidity refers to the market's ability to absorb large buy and sell orders without influencing the spot price.

Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday's key jobs data report.

The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.