Bitcoin Price Steadies Above $110,000 Despite September Jitters
Bitcoin is holding strong above the $110,000 mark, defying the cryptocurrency market’s usual September weakness. On Monday, the world’s largest digital asset gained 0.52% to trade at $111,259, while Ethereum inched up 0.05% to $4,295.
The rally wasn’t limited to Bitcoin and Ether. XRP jumped 2.37%, Solana climbed 2.2%, and Dogecoin surged nearly 7%, emerging as one of the top gainers. This comes just weeks after Bitcoin’s all-time high of $124,457.12 on August 14.
“Bitcoin is stabilizing near resistance levels, where a breakout could spark a massive upside, even as talks of a potential $100K correction linger,” said Avinash Shekhar, Co-Founder & CEO of Pi42. He highlighted that Bitcoin’s illiquid supply has reached a record 14.3 million, signaling strong accumulation by long-term holders.
Dogecoin, Solana & XRP Drive Altcoin Momentum
While Bitcoin steadies, altcoins are stealing the spotlight. Dogecoin’s nearly 7% jump shows retail enthusiasm is alive, while Solana and XRP are riding fresh adoption narratives — from remittance use cases to speculation around potential ETFs.
“Altcoins are finding renewed momentum, with Dogecoin leading the rally and Tron also picking up pace,” Shekhar noted.
Adding to optimism, expectations of a US Federal Reserve rate cut are also boosting risk appetite across crypto markets.
DeFi Lending Surges Past $127 Billion
Another key driver of crypto momentum is the rapid growth of decentralized finance (DeFi). According to Himanshu Maradiya, Founder & Chairman of CIFDAQ, DeFi lending has skyrocketed 72% this year, crossing $127 billion in total value locked (TVL).
“This shows DeFi is evolving into a bridge for traditional finance, giving institutions access to blockchain-native yield opportunities,” Maradiya said.
However, he also cautioned against aggressive yield-chasing strategies in Ethereum treasuries, warning that high leverage could distort risk profiles as the market matures.
Regulatory Tailwinds Add to Optimism
On the regulatory front, the US SEC and CFTC recently issued a joint statement signaling support for regulated exchanges to list spot crypto products. Analysts say this could be a major step toward mainstream adoption of digital assets.
What’s Next for Crypto?
With Bitcoin accumulation strong, altcoins showing leadership, and DeFi booming, the crypto market is flashing signs of near-term strength. Still, September’s historical weakness and regulatory uncertainties mean volatility isn’t going away anytime soon.
Disclaimer: The views and recommendations above are those of analysts and companies quoted. Please consult certified financial experts before making any investment decisions.
