Cryptocurrency Prices Today, Sept 8: Bitcoin Defends $110K, Ethereum at $4,300; Altcoins Join the Run

Major cryptocurrencies are trading higher as the second week of September begins today. Historically, September has often been a weak month for digital assets, with leading tokens usually facing price corrections as in previous years' trends.

"Bitcoin is hovering above $110,000, creating a strong accumulation zone as exchange balances drop to multi-year lows. Ethereum shows a similar setup, with whales accumulating over 218,000 ETH in just two days, easing sell-side pressure. While steady accumulation indicates strong investor confidence, it is yet to be reflected in price action. A positive macro number, such as softer inflation data, could trigger the next leg of the rally. If the buyers defend $110K successfully, a move towards $116,000 is likely, gaining back bullish momentum." Said Edul Patel, CEO of Mudrex.

Below are the top 10 cryptocurrency prices today as per data taken from Coin Desk Website:

Bitcoin Price Today

As of 10 am IST, the Bitcoin, or BTC, price today is hovering near $111,123, with a market cap of $2.21 trillion. Bitcoin, which is considered the world's largest cryptocurrency, gained about 0.47% in the past 24 hours but is still down 4.59% on a 7-day basis. Despite short-term weakness, BTC is currently holding above the key $110K support zone.

Ethereum and Altcoin Performance

Ethereum coin today is priced at $4,303.78. ETH has been relatively stable in the last few days, posting a marginal 0.01% change in the last 24 hours and 1.01% gains over the past week.

Other major altcoins are gaining, and strong buying is seen in these tokens.Binance Coin (BNB) surged 1.57% in 24 hours and 10.06% over the past 7 days, trading at $879.31. Similarly, Solana (SOL) gained 2.28% today and an impressive 15.50% over the week and is currently trading at $207.80.

XRP, Cardano, TRON and Dogecoin

XRP showed a solid rally, climbing 2.20% today and up 4.63% in the past week, though it remains down 10.40% on the monthly chart, with the token trading at $2.89.

Cardano (ADA) is holding strong at $0.84, gaining 1.61% in the last 24 hours and nearly 4.85% weekly.
Meanwhile, Dogecoin (DOGE) has become the standout performer, jumping 6.55% today and nearly 10% over the week. The Dogecoin price today is at $0.2316.

TRON (TRX) is trading at $0.3306, posting a 0.62% gain in the last 24 hours, though the token is still down 1.98% weekly.

Stablecoins USDT and USDC Hold Firm

Stablecoins remain steady, with Tether (USDT) and USD Coin (USDC) both trading at $1.00, maintaining their peg with negligible fluctuations in daily or weekly performance.

Market Highlights & Outlook

"BTC broke above $113K on Friday but quickly reversed as sellers stepped in, dragging it down toward $110,500. Buyers then regained control, lifting the price back above $111,000, where it has since stabilised in a narrow consolidation range." as per the CoinSwitch Markets Desk.

"On Friday, the U.S. jobs report, showing just 22,000 additions in August versus 75,000 expected, strengthened bets on deeper Fed cuts. Yet Bitcoin remained capped below $112,000, failing to rally on the prospect of easier policy as many had anticipated. ETH followed a similar path, spiking above $4,450 before a sharp rejection pulled it under $4,300. A steady rebound has since carried it back near $4,300, where it now consolidates in a tight range." They further added.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.