Market Highlights
Bitcoin (BTC)
Price & Performance: Trading around $111,680, showing modest intraday gains. The intraday range spans from $110,566 to $112,519.
Momentum: Asia Morning Briefing notes Bitcoin “holds steady” while traders increasingly turn to Ethereum for September upside.
Outlook: Bullish forecasts suggest potential upside if BTC clears resistance between $112K–$115K, possibly rallying toward $120K.
ETF Impact: Bitcoin ETFs are gaining traction and could potentially rival gold in assets under management (AUM), with ETFs now near $160B, approaching gold's $180B.
Stability Signs: Stablecoin liquidity has helped stabilize Bitcoin near $110,900, bolstering investor confidence.
Overall Sentiment: Markets are optimistic, with analysts seeing strong momentum into Q4 driven by ETF flows and regulatory tailwinds.
Ethereum (ETH)
Price & Performance: Trading near $4,436 intraday, ranging from $4,295.8 to $4,487.3.
Recent Movement: Ethereum gained around 5.9% over the past 24 hours, breaking multiple resistance levels.
September Outlook: Analysts anticipate Ethereum may surge toward $4,900–$5,500 if ETF demand remains strong.
Relative Pressure: Some suggest September is typically weak for crypto, with ETH perhaps under more pressure than BTC.
Longer-Term Perspective: Ethereum has surged nearly 25% over the past month, hitting an all-time high near $4,956 before settling around $4,300–$4,367. Analysts remain optimistic, projecting a 60–150% further rise driven by institutional flow and ETF adoption.
Altcoins & Market Cap
Altcoin Surge: MemeCore (M) entered the top 100 altcoins with a 30% surge, contributing to the total crypto market cap exceeding $3.9 trillion.
Market Cap Trends: The total crypto market cap sits between $3.85–$3.96 trillion, with daily gains ranging from 0.4% to 1.1%.
Trading Volume: Varies across platforms—CoinCodex reports ~$180B (down ~29%), while CoinMarketCap indicates ~$143B (down ~19%).
Sentiment Indicators: CoinCodex shows a bullish sentiment, with a Fear & Greed Index of 55 (Greed), and 87% of cryptocurrencies in the green.
