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Bitcoin shows resilience with a 0.55% gain, maintaining its position well above the $111,000 psychological barrier.
SEC regulatory developments dominate headlines with the missing text messages investigation and new proposed crypto-friendly rules.
Major altcoins show mostly negative performance with XRP, Solana, and others posting declines.
Crypto prices today reflect a mixed picture. Bitcoin price continues to hold above the $111,000 mark with a positive uptick, while most major altcoins, including Ethereum, XRP, Solana, and Dogecoin, are trading in the red. The stability of Bitcoin stands in contrast to broad weakness across altcoins, as regulatory headlines dominate investor sentiment.
The US Securities and Exchange Commission (SEC) is facing intense scrutiny. This comes after an internal investigation revealed that a year’s worth of texts from former chair Gary Gensler were wiped due to IT mismanagement. Meanwhile, the SEC’s new regulatory agenda under Chair Paul Atkins signals a potential shift toward crypto-friendly safe harbors.
Here is how the world’s top cryptocurrencies performed today:
Bitcoin (BTC) price today trades at $111,492.95, showing gains of 0.55% over the last 24 hours. With a market cap exceeding $2.22 trillion and 24-hour trading volume near $64 billion, Bitcoin continues to anchor the market despite volatility in altcoins.
Avinash Shekhar, Co-founder, and CEO, Pi42 noted, “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.” This resilience highlights BTC’s role as the leading digital asset.
Major altcoins are experiencing mixed and slightly negative performance, according to CoinMarketCap data. Ethereum (ETH) price today shows a different story, declining 0.97% to $4,335.95. Despite this pullback, Ethereum maintains its position as the second-largest cryptocurrency by market cap at $523.37 billion. The slight decline doesn't diminish Ethereum's fundamental strength, particularly given ongoing developments in decentralized finance applications.
XRP has dropped 0.72% to $2.81, while Solana (SOL) faces a decline of 1.34% to $204.20. BNB shows relative stability with only a 0.15% decrease to $846.10. Dogecoin (DOGE) and TRON (TRX) are both down 0.69% and 0.85% respectively. Meanwhile, Cardano (ADA) fell 0.32% to $0.8187.
Avinash Shekhar, Co-founder, and CEO, Pi42 explained, “The spotlight is firmly on Ethereum, despite a $300 million spot ETF outflow, ETH ETF inflows outpaced Bitcoin in August, and 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.”
The Co-founder, and CEO of Pi42 further noted, “Altcoins are echoing the resilience: XRP is gaining traction on improving sentiment, Dogecoin is participating in the broader rebound, while Cardano is drawing fresh attention with market flagging potential upside. Market conviction is shifting toward Ethereum-led momentum, with investors recalibrating positions for what could be a strong month if macro conditions remain supportive.”
Also Read: Crypto Prices Today: Bitcoin Price Holds $110,845 as Ethereum Gains 1.05%
Stablecoins continue to serve their intended purpose, providing a hedge against market volatility. CoinMarketCap data further shows that Tether (USDT) maintains its peg at $1 with trading volume of over $100 billion, while USD Coin (USDC) holds steady at $0.9998 with $12.6 billion in daily volume.
Here are the top US headlines that may affect crypto prices today and in the upcoming months:
The US SEC Office of Inspector General confirmed that avoidable IT errors wiped a year’s worth of Gary Gensler’s text messages between October 2022 and September 2023. The erased texts included exchanges related to SEC enforcement actions against crypto companies, raising transparency concerns. The report cited poor system management, ignored alerts, and a flawed automated wipe policy as reasons for the loss. For the crypto industry, this revelation sparks debate over accountability, as key details on enforcement decisions may never be retrieved.
While the scandal raised eyebrows, US SEC Chair Paul Atkins unveiled a new spring 2025 regulatory agenda, as reported by CoinDesk. The agenda appears more favorable to digital assets, boosting investor optimism.
Key proposals include:
Safe harbors and exemptions for certain crypto asset offerings.
Adjustments to the Exchange Act to better account for crypto trading platforms.
Revisions to broker-dealer rules aimed at reducing compliance burdens on crypto firms.
Atkins emphasized the need for ‘greater certainty for the market,’ signaling a shift from strict enforcement toward clearer rules that could foster innovation.
Meanwhile, trading firm Wintermute urged the US SEC to clarify that network tokens like Bitcoin and Ether are not securities. The company argued that these tokens are integral to blockchain operations and not financial products. Without such clarity, Wintermute warned, innovation in the sector could face unnecessary roadblocks.
Also Read: Crypto News Today: WLFI Token Slumps, Wintermute Challenges SEC, ETH Surges 4%
Crypto prices today show a clear divide; Bitcoin holds steady above $111,000, while altcoins trade under pressure. Regulatory news is driving market mood, with Gensler’s text deletion scandal raising governance concerns and the SEC’s new agenda hinting at a friendlier stance toward innovation. The balance between regulatory clarity and ongoing scrutiny will likely shape price movements in the coming weeks.
1. What are crypto prices today?
Crypto prices today show Bitcoin trading at $111,492 with a 0.55% gain, while major altcoins like Ethereum, Solana, XRP, and Dogecoin slipped into red. Stablecoins USDT and USDC held their pegs, keeping liquidity stable for traders.
2. Why is the crypto market down today?
Most altcoins are down due to cautious investor sentiment and profit-taking. Negative regulatory headlines from the SEC also added pressure. Bitcoin, however, has shown resilience, holding firm above $111,000.
3. How did the SEC affect the crypto market today?
The SEC was in the spotlight for two reasons: revelations of deleted texts from Gary Gensler’s phone, raising trust issues, and Chair Paul Atkins’ new regulatory agenda that could provide safe harbors and exemptions to crypto firms.
4. Which cryptocurrencies performed worst today?
Among the top 10, Solana dropped the most at 1.34%, followed by TRON at 0.85%. Ethereum, XRP, and Dogecoin also recorded moderate losses, while Bitcoin was the only major gainer.
5. What is Wintermute’s stance on crypto regulation?
Wintermute has urged the SEC to exclude network tokens like Bitcoin and Ether from securities regulations, arguing that these tokens are essential for blockchain functionality and not investment products.
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