Crypto Market Sees Minor Decrease, Investors Cautiously Strengthen Positions in ETH
The crypto market has experienced a minor decrease, with the majority of the top 100 coins turning red over the past 24 hours. The cryptocurrency market capitalization has decreased by 0.2%, now standing at $3.91 trillion, while the total crypto trading volume is at $124 billion. According to recent data, about 70 of the top 100 coins have turned red today, with four of the top 10 coins appreciating in value. Bitcoin (BTC) is down 0.3% to $110,467, and Ethereum (ETH) has risen 1.5% to $4,369.
Market participants are cautiously strengthening their positions in ETH by selling BTC, as stated by Sergei Gorev, Head of Risk at YouHodler. This trend is also reflected in the recent inflows and outflows of US BTC and ETH spot exchange-traded funds (ETFs). On Wednesday, US BTC spot ETFs recorded inflows of $301.32 million, while US ETH ETFs saw outflows of $38.24 million. The largest Ethereum corporate holder, Bitmine, has acquired an additional 80,325 ETH, valued at $358 million, as part of its Ethereum Strategy.
Crypto Winners and Losers
Among the top 10 coins, four have increased in value over the past 24 hours, while four have decreased. Ethereum (ETH) has seen the highest increase, rising 1.5% to $4,369. Tron (TRX) has experienced the second-biggest rise, with a 0.4% increase to $0.3382. On the other hand, Solana (SOL) has seen the highest drop, falling 0.9% to $206. MemeCore (M) has seen the largest increase among the top 100 coins, with a 26.8% rise to $1.08.
World Liberty Financial (WLFI) continues to drop, falling an additional 19.6% to $0.181. POL (POL) has also experienced a significant decrease, falling 4% to $0.2732. The future of the crypto market is not seen as a binary choice between Bitcoin and Ethereum, but rather as an intersection of the two, with ETH liquidity and BTC security unlocking the next wave of institutional DeFi, according to Alexei Zamyatin, co-founder of BOB.
Levels and Events to Watch Next
The crypto market sentiment has continued to increase within the neutral zone, with the crypto fear and greed index climbing from 42 to 44. Investors are highly cautious and are awaiting further signals to determine the direction of the market. The US BTC spot ETFs have recorded inflows of $301.32 million, while US ETH ETFs have seen outflows of $38.24 million. U.S. Bancorp has relaunched its institutional Bitcoin custody service after three years, following regulatory clarity and rising demand from investors.
The largest Ethereum corporate holder, Bitmine, has acquired an additional 80,325 ETH, valued at $358 million, as part of its Ethereum Strategy. The company now holds a total of 1,947,299 ETH, valued at $8.69 billion. For more information on the current crypto market trends and analysis, please visit https://cryptonews.com/news/why-is-crypto-down-today-september-4-2025/.
