Bitcoin price today is trading at $115,511.93, with a 24-hour decline of 0.53%.
Ethereum price is down 2.75% to $4,518.61, while other altcoins also face downward pressure.
Major market news includes the London Stock Exchange's launch of a new blockchain platform for private funds.
Crypto prices today show bearish trends, with Bitcoin (BTC) dipping to $115,511.93, down by 0.53% over the past 24 hours. The broader market also followed this downward momentum, with Ethereum (ETH) and other leading altcoins also trading in losses. Investors are trading cautiously amid Fed rate cut concerns, the new BITCOIN Act discussions, growing institutional interest, and more.
Let’s see how the world’s top cryptocurrencies performed today based on CoinMarketCap data:
Bitcoin (BTC) price today is trading below the $116,000 mark. Its market capitalization is over $2.3 trillion, with a 24-hour trading volume of approximately $50.68 billion.
Mr Sathvik Vishwanath, Co-founder and CEO of Unocoin, noted, “Bitcoin is currently hovering around $115,350, reflecting cautious optimism in the crypto market. After testing resistance near $120,000, it faces consolidation pressures. Strong support remains at $110,000, acting as a safety net for bulls. Institutional interest and anticipation of Fed rate cuts provide upward momentum. However, global economic uncertainty and regulatory headwinds temper breakout potential.”
The Co-founder and CEO of Unocoin further explained, “Technically, BTC is trading in a symmetrical triangle pattern, suggesting a larger move is coming. A breakout above $120,000 could push toward $130,000, while a breakdown risks a fall to $105,000. Overall, Bitcoin is poised, not passive, waiting for a catalyst to define its next trend.”
Ethereum (ETH) price is also down, trading at $4,518.61 with a 2.75% drop. The second-largest cryptocurrency by market cap, ETH, is feeling the effects of the broader market correction. The majority of major altcoins are following a similar trend.
Cardano (ADA) and Solana (SOL) dipped 4.86% and 3.68% leading the altcoin decline. Dogecoin (DOGE), the popular meme coin, was the biggest loser today among the world’s top ten tokens with a fall of 5.99%. At the same time, BNB and TRON (TRX) showed some resilience, only dropping 1.05% and 1.52% respectively.
Stablecoins like Tether (USDT) and USD Coin (USDC), which are known for their role as safe havens in a volatile market, also faced pressure today. USDT was down by 0.04% however, it maintained its $1 peg. On the other hand, USDC was trading with a fall of 0.03% to $0.9997.
Also Read: Crypto Prices Today: Bitcoin Steady at $115,543, Ethereum at $4,645, TRON and BNB Hold Strong
The crypto market is being influenced by several key developments:
Strategy’s Growing Bitcoin Treasury: The business intelligence firm Strategy, led by Michael Saylor, has once again increased its Bitcoin holdings. The company recently purchased an additional 525 BTC for around $60 million, bringing its total treasury to 638,985 BTC, valued at over $73 billion as reported by Bitcoin.com News.
London Stock Exchange Adopts Blockchain: The London Stock Exchange Group (LSEG) has launched a new, Microsoft-powered blockchain platform called Digital Markets Infrastructure (DMI). The platform is designed to manage the entire lifecycle of private funds, from issuance and tokenization to post-trade settlement.
Binance weekly report has noted the following drivers that may impact crypto prices further:
Complex Inflation Trends: The US saw a 0.1% decline in Producer Price Index (PPI) for August 2025, contrasting with a 0.4% rise in Consumer Price Index (CPI), revealing nuanced inflation dynamics impacting corporate profits.
Strengthened Correlations: Bitcoin showed increased correlation with gold and US 10-year Treasury yields, reflecting alignment with safe-haven assets and interest rate movements.
Employment Data Revisions: Significant downward revision of US nonfarm payrolls by 911,000, the largest since 2009, adds uncertainty and bolsters expectations for Fed easing.
Rate Cut Probability: Market pricing suggests a 92% chance of a 25-basis-point cut in September, with anticipation of up to three Fed rate cuts by year-end, fueled by deflation fears and political factors.
Policy Contrasts: While the US is leaning towards rate cuts, the European Central Bank signals a tightening stance with lowered cut expectations amid raised growth forecasts.
Upcoming FOMC Meeting: The Federal Open Market Committee meeting on September 16-17 is widely expected to provide dovish cues, potentially favorable for crypto markets.
Also Read: Dogecoin News Today: DOGE Gains 12.3% Weekly as Traders Await SEC ETF Ruling in November
While today's market shows bearish sentiments, the underlying fundamentals suggest a maturing ecosystem. Institutional interest, supported by Strategy's continued Bitcoin buys and the London Stock Exchange's new platform, offers a strong long-term outlook.
Parth Srivastava, Head of Quant, 9Point Capital’s Research Team, explained, “Bitcoin heads into an action-packed week with the Fed’s FOMC front and center. With policy clarity likely to shape liquidity flows, we expect volatility but lean bullish. Strong on-chain holding patterns, robust ETF inflows, and resilient risk appetite suggest dips will be bought. Any hawkish surprises may spark swings, yet the broader trend remains upward.”
The ongoing discussions in Washington regarding the BITCOIN Act could also provide a regulatory tailwind for the market. Investors are closely monitoring these developments as they may shape the future of digital assets.
Bitcoin is trading at $115,511.93 (-0.53%), Ethereum is at $4,518.61 (-2.75%), and other major altcoins are also in the red. Dogecoin led the decline with a fall of 5.99%, followed closely by Cardano’s fall of 4.86%.
The market is experiencing a pullback, likely influenced by profit-taking and investor caution. Major news, such as Strategy's large Bitcoin purchase and the London Stock Exchange's new platform, is providing a counter-narrative of strong institutional adoption.
The BITCOIN Act is a proposed US measure that would call on the government to acquire one million Bitcoin over five years to establish a Strategic Bitcoin Reserve. Industry executives are supporting it, including the famous CEO Michael Saylor.
The London Stock Exchange Group (LSEG) launched the Digital Markets Infrastructure (DMI), a Microsoft-powered blockchain platform for private funds. It supports the full lifecycle of digital assets, from issuance to settlement.
Analysts suggest Bitcoin is consolidating in a symmetrical triangle pattern, signaling a potential breakout. A push above $120,000 could lead toward $130,000, while a breakdown may trigger a fall to $105,000. Market sentiment will largely depend on Fed rate decisions and regulatory clarity.
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