Home
Cryptocurrency
Cryptocurrency News
Bitcoin Holds Ground as Ethereum Finds Whale Support Amid Market Caution

Bitcoin Holds Ground as Ethereum Finds Whale Support Amid Market Caution

Altcoins show mixed momentum on Monday, even as the two most widely used cryptocurrencies remained steady.

Written by Rahul Dhingra, Edited by David Delima | Updated: 8 September 2025 13:47 IST

Bitcoin Holds Ground as Ethereum Finds Whale Support Amid Market Caution

Photo Credit: Unsplash/Jakub Żerdzicki

BTC consolidates above $111,000 while ETH steadies at $4,300.

Highlights

BTC builds base as accumulation offsets resistance pressure
ETH buying rises as exchange balances hit multi-year lows
Solana and XRP gain traction as adoption stories drive flows

Cryptocurrency prices remained steady on Monday, with strong investor accumulation offsetting resistance pressures for both Bitcoin and Ethereum. Bitcoin is trading at $111,000 (roughly Rs. 98 lakh), and Ethereum is at $4,303 (roughly Rs. 3.8 lakh), as per the data provided by CoinMarketCap. Whales are aggressively adding, and exchange balances are falling to multi-year lows, which is why investors are positioning for the next breakout. On Indian exchanges, Bitcoin is trading at Rs. 98 lakh, while Ethereum hovers at Rs. 3.8 lakh

Traders Weighing in Fed Cues result in Altcoins Showing Mixed Signals

At the time of writing, Solana (SOL) is trading at $207.87 (roughly Rs. 18,200), Dogecoin (DOGE) at $0.23 (roughly Rs. 20), XRP at $2.89 (roughly Rs. 250), and Cardano (ADA) at $0.84 (roughly Rs. 73). Binance Coin (BNB) holds at $846 (roughly Rs. 74,400). Dogecoin has selective gains, while XRP and Solana experienced movements backed by adoption stories and speculative ETF flows. Overall, Altcoins are showing uneven momentum.

Edul Patel, CEO of Mudrex, highlighted that strong accumulation indicates strong investor confidence. He further added, “A positive macro number, such as softer inflation data, could trigger the next leg of the rally. If the buyers defend $110,000 (roughly Rs. 97 lakh) successfully, a move towards $116,000 (roughly Rs. 1.02 crores) is likely, gaining back bullish momentum.”

NFTs Gain Momentum With $578 Million Trades in August 2025

Avinash Shekhar, Co-Founder and CEO of Pi42, noted Bitcoin's illiquid supply hits $14.3 million (roughly Rs. 125.8 crore), showing long-term trust to hold. “Dogecoin is leading an altcoin surge, with Solana, XRP, and Tron also riding renewed momentum. Momentum in Solana and XRP is further backed by growing adoption stories like remittances, while $6 billion (roughly Rs. 52,800 crores) in XRP flows and ETF speculation fuel active trading interest. Fed rate cut hopes remain a supportive macro tailwind, but it is the combination of resilient accumulation and altcoin leadership that is shaping near-term optimism,” he explained.

Meanwhile, the CoinSwitch Markets Desk highlighted the Fed cuts, and further added that “the US 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 (Rs. 98.5 lakh), failing to rally on the prospect of easier policy as many had anticipated. ETH followed a similar path, spiking above $4,450 (roughly Rs. 3.9 lakh) before a sharp rejection pulled it under $4,300 (roughly Rs. 3.7 lakh). A steady rebound has since carried it back near $4,300 (roughly Rs. 3.7 lakh), where it now consolidates in a tight range.”

The CoinDCX team noted, “The Bitcoin price rose briefly before the weekly close, but it failed to break through the pivotal resistance. Meanwhile, the weakness of the bears is also failing to drag the token lower, and as a result, it continues to consolidate around $111,000 (roughly Rs. 97.6 lakh). On the other hand, the other cryptos within the top 10 accumulate within a narrow range, while displaying the possibility of a revival of a strong upswing in a short while.”

For now, traders are watching whether Bitcoin can climb back to $113,000 (roughly Rs. 99 lakh) to confirm a breakout or risk slipping towards $107,000 (roughly Rs. 89 lakh). Market sentiment would definitely get a boost if Ethereum manages to reclaim $4,600 (roughly Rs. 4 lakh).

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Bitcoin, BTC, Ethereum, ETH, crypto news, crypto adoption

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More