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Bitcoin Dips Below $112,000 Amid Renewed Pressure, Ethereum Hovers Near $4,450

Bitcoin Dips Below $112,000 Amid Renewed Pressure, Ethereum Hovers Near $4,450

Bitcoin slips under $112,000 while Ethereum trades near $4,450 as altcoins post mixed signals amid ETF inflows.

Written by Rahul Dhingra, Edited by David Delima | Updated: 29 August 2025 21:35 IST

Bitcoin Dips Below $112,000 Amid Renewed Pressure, Ethereum Hovers Near $4,450

Photo Credit: Unsplash/Kanchanara

Bitcoin slips below $112,000 while Ethereum steadies near $4,450 as ETF inflows aid market sentiment.

Highlights

Bitcoin Slips Under $112,000 amid renewed selling pressure
Ethereum ETFs attract billions boosting altcoin sentiment
Solana Confirms bullish breakout, XRP ADA Stay rangebound

The global crypto market faced renewed pressure on Friday, as the price of Bitcoin slipped below $112,000. At the time of writing, Bitcoin was trading around $111,920 (roughly Rs. 98.06 lakh), down 0.3 percent in the past 24 hours, while Ethereum was priced at $4,452 (roughly Rs. 3.9 lakh), down 1.4 percent, according to data provided by CoinMarketCap. Bitcoin ETFs still recorded $115 million (roughly Rs. 100.3 cr.) in inflows, making it the fourth consecutive day of inflows, and helping to soften the downside.

Altcoins Display Cautious Optimism As Institutional Inflows Support ETH

Altcoins have displayed mixed signals on Friday. For example, Solana rose by 2 percent to $215 (roughly Rs. 18,960), adding fuel to its bullish momentum from earlier this week, while BNB rose 1.3 percent to $874 (roughly Rs. 77,077). XRP and Cardano were stable, trading at $3.00 (roughly Rs. 264) and $0.86 (roughly Rs. 75) respectively. Dogecoin held at $0.22 (roughly Rs. 19), with analysts noting growing speculation of a breakout. The support by institutional inflows into Ethereum ETFs has caused cautious optimism for Altcoins.

“Bitcoin is trading range-bound between $111,500 and $113,000 as capital migration continues into altcoins like Ethereum and Solana. Spot Ether ETFs attracted $1.83 billion in just five days, compared to $171 million for Bitcoin, showing a clear shift in investor sentiment,” said Edul Patel, CEO of Mudrex.

BTC steadies around $113,500 as ETH climbs to $4,200

The CoinDCX research team said that Bitcoin's price was consolidating between $111,500 (roughly Rs. 98.2 lakh) and $112,000 98.72 lakh). “Meanwhile, Ethereum prices also accumulate around $4,500, while BinanceCoin is heading towards new highs. Solana cleared the pivotal resistance at $210, approaching $220, while XRP & ADA have been restricted below $3 and $0.9, respectively.”

Avinash Shekhar, Co-Founder & CEO of Pi42, added: “Bitcoin is struggling to hold above $112,000 after miners offloaded nearly $485 million worth of BTC over the past week, injecting supply pressure into an already fragile market. On-chain signals show momentum slipping… Ethereum, however, remains a bright spot, with booming smart contract activity bolstering its path toward the $5,000 milestone despite short-term consolidation.”

According to the CoinSwitch Markets Desk: “The US Commodity Futures Trading Commission (CFTC), the regulator overseeing derivatives and commodity markets, announced that offshore crypto exchanges can now legally serve US clients by registering under the Foreign Board of Trade (FBOT) framework.”

Regulation may tighten in the coming sessions, as suggested by market observers. As of now, traders will keep an eye if Bitcoin can reclaim $113,000 (Roughly Rs. 99.71 lakh) and if Ethereum can reach the $4,700 (roughly Rs. 4.14 lakh) mark.

Cryptocurrency Prices across Indian exchanges

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Further reading: BTC, ETH, Bitcoin, Ethereum, Prices, Crypto Market

Rahul Dhingra

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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