Recently, the cryptocurrency market has faced new challenges. Companies' enthusiasm for purchasing cryptocurrencies has noticeably cooled, especially with a significant decrease in the purchase volume of Bit. Data shows that the number of Bit purchased by companies dropped to 12,600 in August, and further decreased to 15,500 this month, nearly halving compared to July.

This trend has had a significant impact on the market. Important demand support has been weakened, accelerating the downward trend of cryptocurrency prices. The price of Bit has fallen by more than 5%, briefly dropping below the $109,000 mark, and is currently hovering around $109,400. At the same time, other mainstream encryption currencies such as Ethereum have also experienced varying degrees of decline.

Market analysts point out that the weakening purchasing power of enterprises undoubtedly increases the volatility risk in the market. However, some industry insiders remain cautiously optimistic. They believe that if corporate purchasing activities can become active again, the price of Bitcoin is expected to climb to $140,000 by the end of the year.

Currently, the cryptocurrency market is at a critical juncture. Changes in corporate purchasing behavior not only affect short-term price trends but may also have far-reaching implications for the overall direction of the industry. Investors and market participants need to closely monitor changes in corporate attitudes, as well as potential new market drivers.