Crypto Price Analysis 9-2: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, FILECOIN: FIL, CELESTIA: TIA

The cryptocurrency market has rebounded over the past 24 hours, as Bitcoin (BTC), Ethereum (ETH), and other coins trade in positive territory. BTC rebounded to reclaim the $110,000 mark, rising from a low of $107,597 to its current level. The flagship cryptocurrency is up nearly 3% over the past 24 hours, trading around $110,178.

However, ETH has struggled to build momentum and lost further ground early during the session, falling to an intraday low of $4,240 before rebounding to reclaim $4,300 and move to its current level of $4,380. Buyers will look to retain control and push the altcoin past $4,500. 

Ripple (XRP) is up 3%, while Solana (SOL) is building momentum, up 2.50% and trading around $202 after reclaiming the $200 level. Dogecoin (DOGE) is up almost 2%, trading around $0.214, while Cardano (ADA) is down 3%, trading around $0.821. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial gains over the past 24 hours. 

Coinbase, OKX Targeting Australia’s Retirement Savings Market 

Coinbase and OKX are preparing to roll out several crypto investment products for Australia’s $3.4 trillion pension system, beginning with self-managed super funds. According to reports and tax office data, SMSFs held $1.7 billion in crypto as of March, up sevenfold since 2021. Coinbase plans to launch its own SMSF service over the next few months, with over 500 investors on the waiting list. OKX also introduced a similar service in June and stated that demand has been significantly higher than expected. 

Coinbase and OKX are also offering guidance for investors setting up SMSFs, and referring them to accountants and law firms that handle the administrative and compliance costs required for the funds. However, adoption differs between generations. Older investors are adding crypto to existing SMSFs, while younger Australians are opening new funds and leaning heavily towards digital assets. Regulators have also urged restraint, with the Australian Securities and Exchange Commission warning investors about the volatility of cryptocurrencies and that large allocations could lead to substantial losses. 

Tokenized Stocks Could Lead to Investor Misunderstanding: EU Markets Watchdog 

According to the European Union’s market regulator, cryptocurrencies tied to the value of stocks could lead to significant confusion and misunderstandings because they do not provide investors the same rights as direct shareholders. European Securities and Markets Authority (ESMA) Executive Director Natasha Cazenave stated that several firms are offering tokenized stocks and derivatives backed by shares held in a special purpose company. 

“These tokenized instruments can provide always-on access and fractionalisation, but typically do not confer shareholder rights. If structured as synthetic claims rather than direct ownership, this can create a specific risk of investor misunderstanding and underlines the need for clear communication and safeguards.”

The World Federation of Exchanges had recently urged global regulators to crack down on tokenized stock offerings, arguing they lacked basic investor protections built into the assets they track. 

Cryptocurrency Funds Register Inflows Despite Falling Prices 

Cryptocurrency investment products registered a sharp jump last week, drawing over $2.5 billion in inflows despite falling BTC and ETH prices, according to data from CoinShares. The increase in inflows comes after a week of outflows totaling around $1.4 billion, indicating renewed investor appetite for digital assets. Exchange-traded products (ETPs) cornered the interest, totaling around $2.48 billion in inflows. The trend highlights a revival in investor and institutional interest in crypto-backed investment vehicles despite broader market volatility. 

Despite the capital inflow, BTC continues facing selling pressure in the spot market, losing the crucial $110,000 level before rebounding and moving to its current levels. BTC’s price action suggests that price uncertainty persists. ETH mirrored BTC’s price action, starting the week above $4,600 before slipping below $4,400. 

Trump Family’s World Liberty Stake Jumps To $5 Billion 

A company tied to President Trump’s family holds around $5 billion in WLFI tokens after a significant unlock on Monday. According to information on the World Liberty Financial website, DT Marks DEFI LLC and “certain family members” of President Trump held around $22.5 billion WLFI tokens. World Liberty Financial unlocked 26.4 billion WLFI tokens on Monday as part of a scheduled unlock to improve its initial circulating supply. The unlock saw the price briefly rise to $0.40 before falling to around $0.21. 

World Liberty Financial had initially stated that the holdings of the company’s founders, including President Trump and his three sons, would remain locked. However, the unlock effectively values the Trump family’s stake at around $5 billion based on current prices. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) has continued its recovery, extending its gains for a second day, with the price up over 1% during the ongoing session. The flagship cryptocurrency registered a sharp drop on Friday and fell below $110,000. Price action was mixed over the weekend as BTC registered a 0.41% increase on Saturday but fell 0.53% on Sunday to settle at $108,247. The price recovered on Monday, rising nearly 1% to reclaim $109,000 and settle at $109,240. BTC is up 1.16% during the ongoing session and has reclaimed $110,000. 

BTC’s decline led to considerable speculation about its short-term trajectory, with analysts highlighting a potential drop to $95,000. While the flagship cryptocurrency has registered a substantial decline since reaching a new all-time high, overall sentiment remains bullish.

Despite this, Bitfinex analysts believe prices could decline before picking up again. Bitfinex analysts believe the strongest support for the asset lies below $100,000, with the strongest support around $95,000. A break below this level could see BTC slip towards $90,000. On-chain data suggests investors have paused substantial activity as they await the next catalyst to influence price action. Bitfinex analysts stated, 

“While this breakdown carries technical weight, historical drawdown patterns and seasonality suggest the market is actually in the later stages of its corrective phase, with $93–$95,000 emerging as the most probable zone for a cyclical floor.”

BTC’s current short-term holder realised price, the average price of BTC held by short-term holders, is currently at $108,900. Extended selling pressure before this level could boost sellers, possibly driving the price below $100,000. However, factors including strong institutional demand and corporate treasury strategies could play a crucial role in price recovery. 

BTC started the previous week in the red, dropping to a low of $110,635 before settling at $113,478 on Sunday. Selling pressure intensified on Monday as the price fell almost 3% and settled at $110,127. Despite the overwhelming bearish sentiment, BTC recovered on Tuesday, rising 1.51% to cross $111,000 and settle at $111,788. Selling pressure returned on Wednesday as the price fell 0.48% to $111,253. However, BTC was back in positive territory on Thursday, rising 1.19% to reclaim $112,000 and settle at $112,574.

Source: TradingView

Selling pressure returned on Friday as BTC plunged nearly 4% to go below the $110,000 level and settle at $108,378. The price recovered on Saturday, rising 0.41% to $108,827, but was back in the red on Sunday, dropping 0.53% to $108,247. Buyers returned to the market on Monday as BTC started the week in positive territory. As a result, the price rose almost 1% to reclaim $109,000 and settle at $109,240. The current session sees BTC up over 1%, trading around $110,406. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH) is struggling to reclaim the $4,500 mark as price action remains muted. The world’s second-largest cryptocurrency fell over 3% on Friday but registered marginal increases over the weekend to settle at $4,394. However, it was back in the red on Monday, dropping nearly 2% to $4,315. The current session sees ETH up almost 2%, trading around $4,399. 

Despite ETH’s muted price action, investors are betting big on the asset. A Bitcoin (BTC) whale has been accumulating billions of dollars worth of ETH. The accumulation has helped the whale surpass the second-largest holder of ETH, as the investor rotates capital from BTC into the altcoin. The investor recently sold over $11 billion worth of BTC and followed it up with another $215 million sale to purchase $216 million worth of ETH on the Hyperliquid decentralized exchange. The latest purchase takes the investor’s ETH holdings to 886,371 ETH, worth over $4 billion at current prices. 

The growing demand for ETH is an indication of the market’s “natural rotation” into ETH and other altcoins that offer more upside potential than BTC in the current market. ETH had a stellar August, rising over 18% and outpacing the market’s 14% increase. The altcoin outshone BTC as well, fueling speculation of an impending altcoin season. However, some analysts remain wary of a deeper correction. Leo Zhao, Investment Director at MEXC Ventures, says ETH’s price outlook will depend on price levels and broader market liquidity. 

“As Ethereum enters September with an optimistic outlook, the market holds its breath to watch whether it can hold above the $4,000 level. If that turns out to be true, it could help set the stage for what could be the long-awaited altseason.”

ETH’s price action was mixed over the previous weekend, dropping 1.08% on Saturday before registering a marginal increase on Sunday to settle at $4,780. However, selling pressure intensified on Monday as the price fell by over 8% to $4,380. It recovered on Tuesday despite sell pressure, rising over 5% to reclaim $4,600 and settle at $4,603. Price action returned to bearish on Wednesday as ETH fell over 2% to $4,509.

Source: TradingView

ETH faced volatility on Thursday as buyers and sellers struggled to establish control. Buyers gained the upper hand as the price registered a marginal increase. The price returned to bearish territory on Friday, falling over 3% to $4,362. However, ETH recovered over the weekend, rising 0.28% on Saturday and 0.46% on Sunday to settle at $4,394. It started the current week in the red, dropping nearly 2% on Monday and settling at $4,315. The current session sees ETH up 1.63%, trading around $4,386.

Solana (SOL) Price Analysis

Solana (SOL) has rebounded during the ongoing session, up over 3% and trading around $203. The altcoin faced substantial selling pressure since Friday, falling over 4% to $205. Price action remained negative over the weekend, and SOL fell to $200 by Sunday. Sellers retained control on Monday as SOL fell 1.69% to $197 before rebounding during the ongoing session.

Analysts believe SOL could see a substantial recovery over the next few sessions thanks to the Alpenglow upgrade. The upgrade has received almost unanimous support within the Solana community, prompting analysts to predict a short-term rally. According to market watchers, SOL could cross $210 and reach $250 if it crosses the $215 mark. On-chain metrics favor a push higher thanks to growing whale accumulation and strong DeFi activity. If the upgrade delivers a noticeable improvement, investors could view Solana as a viable alternative to Ethereum, potentially pushing the price beyond $250. However, if sellers retake control, SOL could slip to $180. Failure to hold this level could lead to a deeper correction.

SOL ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206. Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9%, dropping from $200 to $187. SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%.

Source: TradingView

Buyers retained control on Thursday as SOL continued pushing higher, rising nearly 6% to settle at $214. SOL lost momentum on Friday as selling pressure returned. As a result, the price fell 4.35% and settled at $205. Selling pressure persisted over the weekend as the price fell 1.17% on Saturday and 0.99% on Sunday to settle at $200. Sellers retained control on Monday as SOL fell 1.69% to $197. However, it has rebounded during the ongoing session to reclaim $200. SOL is up over 3%, trading around $203.

Filecoin (FIL) Price Analysis

Filecoin (FIL) started the previous week in the red, dropping over 4% on Sunday and settling at $2.41. Selling pressure intensified on Monday as the price plunged nearly 10% to $2.18. Despite the overwhelming selling pressure, FIL recovered on Tuesday, rising 6.60% and settling at $2.32. The price was back in the red on Wednesday, dropping 1.04% to $2.30. However, it made a strong recovery on Thursday, rising over 3% to settle at $2.37. Selling pressure returned on Friday as the price fell 4.46% and settled at $2.26.

Source: TradingView

Price action was mixed over the weekend as FIL registered a 1.21% increase on Saturday and settled at $2.29. Despite the positive sentiment, it was back in the red on Sunday, dropping 1% and settling at $2.27. FIL faced extreme volatility on Monday, surging to an intraday high of $2.51. However, it lost momentum after reaching this level and fell to $2.28, ultimately rising 0.42%. The current session sees FIL marginally down, trading around $2.27.

Celestia (TIA) Price Analysis

Celestia (TIA) registered a sharp decline on Monday (August 25), dropping nearly 10% to $1.61. Despite the selling pressure, it recovered on Tuesday, rising over 4% and settling at $1.68. TIA registered a marginal decline on Wednesday but was back in positive territory on Thursday, rising over 3% and settling at $1.73. Bearish sentiment returned on Friday as the price fell nearly 7% and settled at $1.61.

Source: TradingView

Price action was mixed over the weekend as TIA rose 1.69% on Saturday before falling 2.57% on Sunday and settling at $1.60. The price faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price fell over 3% and settled at $1.55. The current session sees TIA up over 2%, trading around $1.58. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.