The cryptocurrency market is seeing another volatile session today, with Bitcoin price bouncing back and holding steady above the $110,000 mark while altcoins such as Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) are moving in a mixed manner. The global crypto market cap currently stands at $2.19 trillion, with 24-hour trading volumes crossing $22.90 billion.
“September has historically been a slow month for crypto, with Bitcoin averaging 3.77% gains since 2013. This year, however, optimism around a possible Fed rate cut could fuel a bullish trend, along with steady institutional inflows via ETFs and treasury purchases, further supporting the momentum of Bitcoin and Ethereum. In the case of altcoins, we can expect a volatile month as the market unlocks $4.5 billion in tokens, potentially creating supply shocks.” said Edul Patel, CEO of Mudrex.
Bitcoin (BTC) Price Today
After falling below 108K on the previous day, Bitcoin price today is at $110,258.21, down by 1.39% in the last 24 hours and 3.51% in the last 7 days. Despite minor corrections, Bitcoin maintains strong dominance in the market, contributing over $2.19 trillion to the overall market capitalisation.
Ethereum (ETH) Price
Ethereum is priced at $4,369.01 with a market cap of $527.56 billion. ETH has slipped 0.84% in the last 24 hours and 5.07% over the past week, although it remains one of the top-performing altcoins with nearly 25% monthly gains.
Tether (USDT) and USD Coin (USDC)
Stablecoins continue to provide liquidity in the market. Tether (USDT) holds its peg at $1.00, with a market cap of $168.03 billion and daily trade volumes of $384.55 million. Similarly, USD Coin (USDC) trades at $0.9999, maintaining stability with a market capitalisation of $71.55 billion.
XRP, BNB, and Solana (SOL) Price Update
XRP trades at $2.80, up 1.91% today but down 7.24% over the week, with a market cap of $166.17 billion.
Binance Coin (BNB) is priced at $851.16, down slightly by 0.66% in 24 hours but still showing a 13.26% monthly rise.
Solana (SOL) continues to impress, trading at $202.02, up 1.75% today and 24.64% in the last 30 days, with its market cap crossing $109 billion.
Dogecoin (DOGE), TRON (TRX), and Cardano (ADA) in Focus
Dogecoin (DOGE) trades at $0.2133, up 1.29% today, supported by high trading volumes of $2.18 billion.
TRON (TRX) remains steady at $0.3394, up 0.28% in the past 24 hours with a market cap of $32.13 billion.
Cardano (ADA) is trading at $0.8167, gaining 0.90% today but losing 5.78% weekly, with a market cap of $29.83 billion.
Crypto Market Outlook Ahead
“BTC moved between $107,200 and $109,900, consolidating after the recent dip. The $105,000-108,000 zone is acting as a crucial support, while $110K remains the key resistance to reclaim. With September historically soft for BTC, a sustained move above $110K could open room toward $115K, while a breakdown below support risks a deeper slide toward $100K. A Bitcoin whale has been accumulating billions of dollars’ worth of ETH, surpassing the second-largest corporate treasury firm. A Bitcoin whale worth over $11 billion sold another $215 million worth of Bitcoin to buy $216 million worth of spot ETH on the decentralised exchange Hyperliquid. Analysts say the growing whale demand for ETH is signalling the market’s natural rotation into ETH and other altcoins with more upside potential. In acquisition news, Metaplanet acquired 1,009 BTC for approximately $112 million, bringing the Japanese firm’s total holdings to 20,000 BTC.” as per the CoinSwitch market desk.
