Bitcoin (BTC) price today trades at $111,492.95, showing gains of 0.55% over the last 24 hours. With a market cap exceeding $2.22 trillion and 24-hour trading volume near $64 billion, Bitcoin continues to anchor the market despite volatility in altcoins.
Avinash Shekhar, Co-founder, and CEO, Pi42 noted, “Bitcoin is trading flat near $111,000, with recovery signs supported by record-high hash rate strength, even as traders remain mindful of September’s seasonality.” This resilience highlights BTC’s role as the leading digital asset.
Major altcoins are experiencing mixed and slightly negative performance, according to . Ethereum (ETH) price today shows a different story, declining 0.97% to $4,335.95. Despite this pullback, Ethereum maintains its position as the second-largest cryptocurrency by market cap at $523.37 billion. The slight decline doesn’t diminish Ethereum’s fundamental strength, particularly given ongoing developments in decentralized finance applications.
XRP has dropped 0.72% to $2.81, while Solana (SOL) faces a decline of 1.34% to $204.20. BNB shows relative stability with only a 0.15% decrease to $846.10. Dogecoin (DOGE) and TRON (TRX) are both down 0.69% and 0.85% respectively. Meanwhile, Cardano (ADA) fell 0.32% to $0.8187.
Avinash Shekhar, Co-founder, and CEO, Pi42 explained, “The spotlight is firmly on Ethereum, despite a $300 million spot ETF outflow, outpaced Bitcoin in August, and futures positioning remains bullish, open interest is holding strong above $8.4 billion, and a tightening supply dynamic is fueling confidence in a push toward the $5,000 mark.”
The Co-founder, and CEO of Pi42 further noted, “Altcoins are echoing the resilience: XRP is gaining traction on improving sentiment, Dogecoin is participating in the broader rebound, while Cardano is drawing fresh attention with market flagging potential upside. Market conviction is shifting toward Ethereum-led momentum, with investors recalibrating positions for what could be a strong month if macro conditions remain supportive.”
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