Why Is Crypto Up Today? – September 12, 2025

The crypto market is up today again, with the cryptocurrency market capitalization rising by 1.5% to $4.12 trillion. 90 of the top 100 coins have increased over the past 24 ￰2￱ the same time, the total crypto trading volume is at $168 billion. TLDR: The crypto market saw a 1.5% rise on Friday morning (UTC); 92 of the top 100 coins stand green, including all top 10 coins, with SOL leading; BTC and ETH are up to $115,350 and $4,548, respectively; ’The market is entering a volatility contraction’; ’Inflationary pressure may be creeping back in’; US BTC spot ETFs recorded inflows of $552.78 million, while US ETH ETFs took in $113.12 million; ’The smart money appears to be rotating back into BTC’; Galaxy Digital has reportedly acquired 2.31 million SOL; Gemini Space Station’s IPO saw $425 million on Thursday; Caution persists among investors, but there is a notable increase in bullish ￰3￱ Winners & Losers At the time of writing, all top 10 coins per market capitalization have increased over the past 24 ￰4￱ (BTC) appreciated another 1.1% at the time of writing, currently trading at $115,350.

This is the smallest increase in the ￰5￱ (BTC) 24h 7d 1y Ethereum (ETH) is up by 2.3%, now trading at $4,548. It’s the third-best gainer in the ￰6￱ best performer is Solana (SOL) , which is up 7.1%, now trading at $238. It’s followed by Dogecoin (DOGE) , having gone up 4.8%, currently standing at $0.2617. When it comes to the top 100 coins, 92 are up at the time of ￰7￱ of these recorded a double-digit ￰8￱ Blockchain (HASH) is up 29.9% to $0.04028.

Pudgy Penguins (PENGU) follows with 9.6%, trading at $0.03791. On the red side, MYX Finance (MYX) fell by 10% to $15.35. It’s followed by Worldcoin (WLD)’s 2.8% drop to $1.71. Notably, Gemini Space Station’s initial public offering (IPO) saw $425 million late Thursday, becoming one of the strongest debuts for a digital asset ￰9￱ IPO was reportedly over 20 times ￰10￱ exchange @Gemini saw its IPO explode with $425M raised and demand 20x supply, making it one of crypto’s hottest market debuts. #Gemini #CryptoIPO ￰0￱ — ￰11￱ (@cryptonews) September 12, 2025 ‘Smart Money Rotating Back Into BTC’ Nick Forster, founder at on-chain options platform Derive.

xyz, noted that the markets spiked on the expected news of 2.9% US CPI data. However, they “quickly cooled before reverting to broader trends. Still, the print signals inflationary pressure may be creeping back in, particularly under the weight of new tariff regimes.” That said, both BTC and ETH have increased “despite the brief CPI-induced turbulence.” Under the surface, Forster writes, “ETH’s implied volatility has hit multi-week lows across the ￰12￱ current term structure shows compressed pricing for all expiries, a classic sign that the market is entering a volatility contraction. Historically, these don’t last ￰13￱ vol expands again, it tends to do so sharply.” On the other hand, ETF flows are showing a divergence, he ￰14￱ inflows “have slowed considerably,” and BTC institutional buying spiked.

“The smart money appears to be rotating back into BTC, possibly taking a breather from ETH beta after its recent run.” Meanwhile, the probability of BTC hitting $125,000 by the end of October has jumped from 40% to 52%, while the chance of ETH hitting $6,000 in the same period fell from 23% to 19%. Levels & Events to Watch Next At the time of writing on Friday morning, BTC trades at $115,350. Over the last 24 hours, the coin saw movement between the low of $113,496 and the high of $116,309, dropping slightly to the current ￰15￱ coin is now just 7.1% away from its all-time high of $124,128 recorded 29 days ￰16￱ is consolidating near $114,497. A firm move above $115,411, the price could continue climbing further to $117,150 and $118,617.

A drop below that level could lead to a pullback to $113,000 or $110,000. Bitcoin Price Chart.) 24h 7d 1y Meanwhile, the crypto market sentiment has seen another increase within the neutral zone over the past ￰17￱ crypto fear and greed index went up from 47 yesterday to 50 ￰18￱ is also a rise from 40 since the beginning of this ￰19￱ indicates persistent healthy caution among investors, but also a continual rise in bullish sentiment. Moreover, the US BTC spot exchange-traded funds (ETFs) recorded another day of inflows on 11 September of $552.78 ￰20￱ cumulative net inflow has reached $56.19 ￰21￱ of the 12 ETFs saw inflows, and there were no ￰22￱ is up by $366.2 million, while Fidelity recorded positive flows of $134.71 million.

Additionally, the US ETH ETFs recorded inflows on Thursday of $113.12 ￰23￱ of the nine funds saw inflows, and one saw ￰24￱ total net inflow is now at $12.96 ￰25￱ this, Fidelity saw the highest green amount of $88.34 million, while BlackRock let go of $17.39 million. Meanwhile, bankrupt crypto firms FTX and Alameda have withdrawn approximately 192,000 SOL , worth around $44.9 ￰26￱ estate has been redeeming Solana assets on a near-monthly ￰27￱ 4.18 million SOL, worth an estimated $977 million, still remains staked. Notably, Galaxy Digital has reportedly acquired 2.31 million SOL , valued at nearly $536 ￰28￱ tokens were transferred to Galaxy from Binance, Bybit, and Coinbase ￰29￱ Digital just bought another 706,790 $SOL ($160M).

In the past 24 hours, their total buy is a massive 2,159,182 $SOL ($486M). ￰1￱ ￰30￱ — Lookonchain (@lookonchain) September 12, 2025 Quick FAQ Why did crypto move with stocks today? The crypto market has increased over the past day, as the stock market recorded some record highs on its previous day of ￰31￱ the closing time on Thursday, the S&P 500 was up by 0.85%, the Nasdaq-100 increased by 0.6%, and the Dow Jones Industrial Average rose 1.36%. Thursday’s US consumer inflation data was as expected, while the Producer Price Index released a day earlier showed that wholesale prices surprisingly dropped in ￰32￱ data boosted the stock market, with the expectation of rate cuts next ￰33￱ this rally sustainable?

The market is still consolidating, but the current rally may persist in the short ￰34￱ said, further pullbacks are likely before the next significant pullback expected by investors, traders, analysts, and industry insiders ￰35￱ may also like: (LIVE) Crypto News Today: Latest Updates for September 12 2025 Crypto Market Flash: With XRP's price breaking through the key $3.02 level, market sentiment is rapidly surging, and investors are accelerating their investment in potential passive income ￰36￱ DOT Miners platform, based on the Polkadot ecosystem, has therefore become a hot ￰37￱ its cross-chain computing power integration and decentralized finance (DeFi) yield model, DOT Miners offers investors a new entry point for passive income during crypto asset ￰38￱ by...