The cryptocurrency market continues reeling, starting another week in bearish territory as Bitcoin (BTC) , Ethereum (ETH) , and other cryptocurrencies trade in the 0 remained relatively stable over the weekend but tumbled early on 1 slipped below $108,000 as sellers continued pushing the price 2 flagship cryptocurrency traded around the $109,000 mark but fell to a low of $107,328 before moving to its current level of $107,970, down almost 1% over the past 24 hours. Meanwhile, ETH lost the $4,500 level last week and traded around $4,475 over the 3 altcoin is down over 1% in the past 24 hours, as it struggles to stay above $4,400. Ripple (XRP) is down almost 4%, while Solana (SOL) is down over 3%, trading around $198.
Dogecoin (DOGE) is down 4.15% and Cardano (ADA) is down over 4%, trading around $0.802. Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) also registered notable 4 Number of “Buy The Dip” Calls A Sign of Broader Market Downside The growing number of “buy the dip” calls on social media after Bitcoin’s (BTC) dramatic decline could indicate more downside ahead for the cryptocurrency market, according to analysts from 5 analyst Brian Quinlivan stated, “Clearly, overall, in the markets, people are getting antsy and trying to find some entry spots now that prices have cooled down a bit.” Santiment added that mentions of “buy the dip” on social media could be a warning sign for 6 added in a separate post, “Don’t interpret ‘buy the dip’ chatter as a definitive bottom signal.
A true market floor often coincides with widespread fear and a lack of interest in buying. A real bottom often forms when the crowd loses hope and becomes afraid to buy.” Despite the market downturn, analysts believe sentiment is recovering as traders pivot towards 7 crypto fear and greed index has moved back into neutral territory, after dropping to a “fear” score of 39 a day 8 like Ash Crypto have anticipated that the market’s pullback from BTC suggests that altcoin season could be 9 Salvador Splits Holdings To Counter Quantum Threat El Salvador has split its Bitcoin (BTC) holdings, transferring 6,724 BTC across 14 separate 10 transfer was done as a security measure to counter the threat of quantum 11 Salvador’s Bitcoin Office stated in a post on X, “El Salvador is moving the funds from a single Bitcoin address into multiple new, unused addresses as part of a strategic initiative to enhance the security and long-term custody of the National Strategic Bitcoin 12 splitting funds into smaller amounts, the impact of a potential quantum attack is minimized.” Over 6 million BTC could be at risk if quantum computers become powerful enough to crack elliptic curve cryptography (ECC) keys, according to a report by quantum research company, Project Eleven.
However, while industry experts praised El Salvador’s proactive measures, they stressed that quantum computing is not an immediate threat. A private Bitcoin key contains 256 bits, and no quantum computer running Shor’s algorithm has cracked even a 3-bit 13 executive chairman Michael Saylor called the quantum computing threat to BTC mere hype, adding that core developers and hardware manufacturers could implement fixes should such a threat arise. “The answer is: Bitcoin network hardware upgrade, Bitcoin network software upgrade, just like how Microsoft, Google, and the US government upgrade.” California Governor Teases “Trump Corruption Coin” California Governor Gavin Newsom has teased a “Trump Corruption Coin” in a direct response to President Trump’s involvement in the cryptocurrency 14 stated during a podcast that the planned memecoin, named after Trump’s alleged scandals, is part of a broader “Campaign for Democracy” 15 from the initiative will go towards redistricting efforts and voter 16 stated, “We’re about to put a meme coin out,” Newsom said during the interview.
“And you know what, Donald Trump? We’ll see how well your coin does versus our coin.” When asked directly what the memecoin will be called, Newsom said, “Trump Corruption Coin.” “We’re just trying to turn up the heat and tune people into the 17 is one of the great grifters of our 18 of this is normal.” Bitcoin (BTC) Whale Pivots To Ethereum (ETH) A Bitcoin OG whale purchased 96,589 ETH after selling 4,000 BTC during a 12-hour buying spree over the 19 OG whale, who began rotating capital into ETH in August, continued purchasing over the weekend. On-chain data shows the whale now holds $3.8 billion in 20 whale sold 4,000 BTC worth $435 million over the weekend, exchanging it for 96,859 21 trader then deposited another 1,000 BTC into Hyperliquid, a decentralized exchange, potentially for more 22 holders have been selling their BTC holdings and buying ETH for the first 23 analysts believe this is a sign of a maturing market and that whales are diversifying into other assets thanks to positive regulatory steps by the US 24 (BTC) Price Analysis Bitcoin (BTC) has rebounded during the ongoing session to reclaim the $109,000 25 flagship cryptocurrency registered a sharp drop on Friday, falling nearly 4% and settling at $108,378.
It fell to a low of $107,369 on Saturday but recovered, rising 0.41% to $108,827. However, it was back in the red on Sunday, ending the weekend at $108,247 after a marginal 26 current session sees BTC up 1.17%, trading around $109,510. While the flagship cryptocurrency has made a noticeable recovery during the ongoing session, it risks a drop towards $105,000. Sentiment in the futures and spot markets remains weak, with no sure sign of a recovery at the 27 Wall Street closed on Monday, traders remain in a cautious mood as a Bitcoin whale continues to dump BTC on the open 28 sentiment has been bogged down due to selling by long-dormant BTC holders, who have been selling their holdings and rerouting capital into 29 into spot Bitcoin ETFs have also declined, and general market weakness has also impacted investor 30 Trump’s back-and-forth tariff policies and attempts to control the Federal Reserve board have also added to the 31 are some positives, such as a potential rate cut in late September or October.
However, this news has not been enough to improve investor sentiment. BTC’s intraday price action is largely being driven by activity in the perpetual futures 32 data shows selling from the 10,000 to 10 million Binance cohort, outpacing buying in spot and futures markets on Binance and 33 has traded mostly downwards since last week, dropping 1.30% on Saturday and falling to a low of $110,635 on Sunday before settling at $113,478. Selling pressure persisted on Monday as the price fell almost 3% to $110,127. Despite the overwhelming selling pressure, BTC recovered on Tuesday, rising 1.51% to cross $111,000 and settle at $111,788.
The flagship cryptocurrency was back in the red on Wednesday, dropping 0.48% to $111,253.) Price Analysis Ethereum (ETH) steadied itself over the weekend after registering a noticeable decline on 34 world’s second-largest cryptocurrency fell over 3% on Friday and settled at $4,362. It registered marginal recoveries on Saturday and Sunday, ending the weekend at $4,394. The current session sees ETH up almost 2%, trading around $4,478. ETH had a stellar August, rising over 18% and outpacing the market’s 14% 35 altcoin outshone BTC as well, fueling speculation of an impending altcoin season.
However, history suggests a bullish August has historically been bad for 36 example, it gained over 25% in August 2020, only to drop over 17% in 37 example can be seen in 2021, when ETH rose 35% in August before falling 12.5% the following 38 recently, a 13.4% increase in August 2024 fizzed out into an 11.3% decline the following month. ETH’s price action for August and September mirrors that of traditional markets, with September being the weakest month for 39 often attribute weak price action to portfolio rebalancing and repositioning ahead of 40 to data from Glassnode, over 98% of Ethereum addresses are in profit. meanwhile, on-chain technicals remain bullish, with analysts highlighting that ETH is consolidating within a symmetrical triangle on the four-hour chart, a pattern often seen before a breakout.
However, some analysts remain wary of a deeper 41 Zhao, Investment Director at MEXC Ventures, says ETH’s price outlook will depend on price levels and broader market liquidity. “As Ethereum enters September with an optimistic outlook, the market holds its breath to watch whether it can hold above the $4,000 42 that turns out to be true, it could help set the stage for what could be the long-awaited altseason.” Zhao stated that a drop below $4,000 could amplify market weakness if liquidity begins drying up. “The possibility of failure to sustain above $3,800 would mean caution, especially if broader liquidity conditions manage to 43 momentum for Ethereum right now lies in network activity instead of just price.” ETH registered a sharp jump on Friday (August 22), but lost momentum over the weekend, dropping 1.08% on Saturday before registering a marginal increase on Sunday to settle at $4,780.
Selling pressure returned on Monday as the price fell over 8%, slipping below $4,500 and settling at $4,380. The price recovered on Tuesday, rising over 5% to reclaim $4,600 and settle at $4,603. However, it was back in the red on Wednesday, dropping 1,05% to $4,509.) Price Analysis Solana (SOL) is attempting to reverse its losses during the ongoing session, with the price up almost 1% despite facing selling pressure and 44 altcoin registered a substantial decline on Friday, dropping over 4% to $205. Selling pressure persisted over the weekend as the price fell 1.17% on Saturday and 0.99% on Sunday to settle at $200.
The altcoin stabilized around $200 despite substantial selling 45 around a key network upgrade could revive investor sentiment and push the price 46 to reports, the Alpenglow (SIMD-0326) will pass on Monday, reducing block finality from 12.8 seconds to 50 47 data also suggests SOL could be poised for a recovery over the next few 48 to Wu Blockchain, Solana’s new consensus protocol has been marked as 49 ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206. Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9%, slipping below $200, and settling at $187.
SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%.) Price Analysis Jupiter (JUP) started the previous weekend on a bullish note, surging almost 10% on Friday and settling at $0.530. Despite the positive sentiment, the price fell 1.59% on Saturday and 2.31% on Sunday, settling at $0.509. Selling pressure intensified on Monday as JUP plunged nearly 10% and settled at $0.459.
The price recovered on Tuesday, rising 2.76% to $0.471. Buyers retained control on Wednesday as the price rose almost 5% to an intraday high of $0.512 before settling at $0.495.) Price Analysis Dogecoin (DOGE) rose sharply on Friday (August 22), rising over 11% to $0.239. However, it lost momentum over the weekend, dropping 1.25% on Saturday and 1.65% on Sunday to settle at $0.232. Selling pressure intensified on Monday as DOGE fell almost 10% to $0.209.
Despite the overwhelming selling pressure, the price rebounded on Tuesday, rising 4.20% to $0.218. Buyers retained control on Wednesday as DOGE registered a marginal increase and moved to $0.219.
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