- BTC is volatile and hovering over $111,000
- Ether has logged a bigger dip than Bitcoin in the last seven days
- WLFI is minting small gains
The crypto charts reflected minor profits next to most altcoins on Wednesday, September 3. Bitcoin has been hitting and receding from the $111,000 price point, failing to stabilize for the time being. In the last 24 hours, the price of BTC fell by under one percent, showed CoinMarketCap. At the time of writing, BTC was trading at $110,970.
Ether trailed behind Bitcoin into the loss-side of the price chart on Wednesday. The second-most expensive cryptocurrency clocked a loss of 1.90 percent over the last day, bringing its value to $4,315.
Analysts say that while volatility still prevails, the tone of the market is far from bearish as capital continues to flow into quality assets. Market experts believe that these signs of recovery are underpinned by expectations of a September Fed rate cut — which, if happens, could propel crypto into its next leg higher.
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“Stablecoin liquidity and moderate inflows into BTC signal that investor confidence is quietly building. Ethereum’s push to defend the $4,300 level is backed by strong treasury growth and surging dApp activity, highlighting its role as a leader in network utility,” Avinash Shekhar, the co-founder and CEO of Pi42 told CoinHeadlines.
Ripple, Binance Coin, Solana, Dogecoin, and Tron are among altcoins that reflected miniscule losses on the price chart on Wednesday. Cardano, Chainlink, Stellar, Avalanche, and Litecoin also showed volatility in prices at the time of writing.
“XRP has broken its losing streak on optimism around potential ETF approvals, while Dogecoin and Solana show signs of steady accumulation,” Shekhar added.
Within two days of being launched, U.S. President Donald Trump-backed WLFI token’s has amassed a market cap of $5.75 billion. Over 24.6 billion WILFI tokens are currently in circulation, with each priced $0.2328 as of Wednesday.
The overall valuation of the crypto sector went up by 0.36 percent over the last day to claim the capitalization of $3.82 trillion.
