US$1B in ETF inflows steadies Bitcoin near US$114K, while Ethereum lagged and select altcoins outperformed. Softer US jobs data reinforced expectations of rate cuts, shaping investor sentiment.
US jobs data lifts rate-cut hopes, but Bitcoin remains range-bound above US$111K. Markets face mixed macro signals as traders tread cautiously.
September began with consolidation across crypto. Bitcoin held around US$108K and global market cap hovered near US$3.9T, while Solana showed resilience and macro shifts kept investors cautious.
Crypto markets ended August under pressure, with Bitcoin near US$108K and altcoins underperforming. AI jitters and tariff uncertainty set a cautious tone heading into September.
Solana stood out, climbing above US$200 as it led the rotation among alt coins. Bitcoin and Ethereum remained strong, supported by ongoing ETF demand, while the total crypto market held steady around US$3.9 trillion this week.
Bitcoin’s rally cooled as crypto mirrored equities’ retreat. Ethereum eased after big gains, Solana hit resistance, XRP held support, and ETFs signalled profit-taking ahead of Jackson Hole.