Rainfall in the market indicates bearish conditions for Bitcoin and Avalanche over the next 24 hours. However, Ether, Ripple’s XRP, and Binance Coin may experience slight bullish trends. Drizzle, or a slightly bearish trend, is expected for Cardano, Litecoin, and Polkadot. Over the next week, stormy conditions are predicted for XRP and Solana, with Binance Coin, Dogecoin, and Litecoin also facing challenges.

The cryptocurrency market has been on a downward trend ahead of the release of the US ISM manufacturing index. Bitcoin has dropped 1.9% after hitting a two-month high. Despite this, the broader market is poised for a strong September, supported by US rate cuts and economic stimulus from China, leading to increased inflows into spot Bitcoin ETFs.

Bitcoin ETFs saw inflows of nearly $500 million, the highest since June. BlackRock's Bitcoin and Ether ETFs have gained significant assets, highlighting increased institutional adoption. Ether may benefit from lower US interest rates, as its staking yield remains attractive compared to traditional investments.

In other news, Binance’s co-founder was released from prison after serving time for violating US money laundering rules. Binance has also surpassed a significant milestone, reaching over $100 trillion in combined trading volume.