The crypto market started September on shaky ground, with Bitcoin (BTC) dipping under $108,000 amid thin holiday trading and concerns about large whale sell-offs. At last check, BTC was down 0.55% at $107,980, holding a market cap of $2.15 trillion — still 13% below its mid-August all-time high of $124,457.
Analysts pointed to weak ETF inflows, profit-taking, and transfers from long-dormant wallets as factors weighing on sentiment. Technically, BTC faces resistance between $115,000–$125,000, with key supports at $105,000 and $100,000. Short-term pressure could drag it toward $104,000 unless it reclaims $111,000.
Ethereum (ETH) showed relative strength, trading at $4,401 after briefly touching $4,497. Backed by $1.08 billion in late-August ETF inflows, ETH finds strong support around $4,370–$4,300 and may hold firmer than BTC if risk appetite improves.
Elsewhere, Solana slipped under $200, XRP fell below $2.80, and Dogecoin hovered at $0.21. Metaplanet boosted its holdings to 20,000 BTC, while El Salvador diversified its reserves across wallets for added security. On the altcoin front, POL, BUILDon, and Monero gained, while Four and Pi led the losers.
Adding to the buzz, Trump-backed World Liberty Financial (WLFI) began trading today with a 20% sell cap, and Solana’s “Alpenglow” upgrade to slash block finality to 150ms won overwhelming support.
Ethereum’s inflows continue to contrast with Bitcoin’s ETF outflows, underscoring the cautious mood around BTC versus growing optimism for ETH.