Radhika Parashar
- Bitcoin is trading flat near $111,000
- Cardano, and Chainlink registered losses alongside BTC
- Analysts have observed altcoins showing resilience in the slowed down market
The crypto market did not see any major changes in the last 24 hours. Bitcoin on Thursday, September 4 reflected a price dip of 0.12 percent on CoinMarketCap. Its price, at the time of writing, stood at $110,680. The asset has been showing constant fluctuations on the price charts, failing to stabilize at one point for over a week now.
“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,” Pi42 CEO Avinash Shekhar told CoinHeadlines. “Market conviction is shifting toward Ethereum-led momentum, with investors recalibrating positions for what could be a strong month if macro conditions remain supportive.”
Ether joined Bitcoin in clocking a small loss of under one percent on the price chart. The asset is presently trading at $4,375 on international exchanges.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
“The spotlight is firmly on Ethereum, despite a $300 million spot ETF outflow, ETH ETF inflows outpaced Bitcoin in August. 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,” Shekhar noted.
Solana, Dogecoin, Tron, Cardano, and Chainlink registered losses alongside BTC and ETH on Thursday.
The losses for Trump-backed WLFI token, meanwhile, have only widened by 21.15 percent over the last day. The token price has dropped to $1.1845 from last day’s price point of $0.2259. WLFI was launched for trading on exchanges like Binance on September 1. After it failed to take off in the markets despite the hype around it, World Liberty Financial burned 47 million WLFI from the 100 billion supply looking to add some element of scarcity to boost a price pump. The tactic has seemingly not given expected results as yet.
Monero, Ethena, and Cronos are among a handful of tokens that managed to rope-in small gains on the price chart.
OKX’s native token, the OKB, fetched profits of 8.45 percent in the last 24 hours, taking its value to $178.40. It stands on the 33rd position on CoinMarketCap’s index.
Market analysts have observed that altcoins are echoing resilience with BTC having stepped out of the spotlight for now.
The overall crypto market cap rose by 0.39 percent in the last 24 hours to claim the valuation of $3.84 trillion, showed CoinMarketCap.
“What stands out more is the 72 percent year-to-date surge in DeFi lending, now exceeding $127 billion in TVL, fueled by institutional demand for stablecoins and tokenized real-world assets. This reinforces the view that DeFi is evolving into a bridge for traditional finance to access blockchain-native yield opportunities,” said Himanshu Maradiya, Founder and Chairman, CIFDAQ exchange.
Market experts have highlighted that the warning on yield-chasing ETH treasuries is timely leverage. Aggressive yield strategies can distort risk profiles, particularly in a maturing market, analysts added, advising caution to traders.
