Memecoin DOGE led losses among major tokens with a 5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S.

• Bitcoin dropped nearly 1.2% to around $57,500, with cryptocurrencies like solana and dogecoin seeing losses up to 5% on the Labor Day holiday in the U.S.
• Market analysis suggests a bearish trend for September historically, some traders noted, with bitcoin seeing a monthly decline of 6% on average.
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