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Bitcoin Price Today: Recovers to $112K with Whale Support
Bitcoin rose on Monday, rebounding from multi-week lows as signs of accumulation by large holders provided some support after significant outflows last week.
The world’s largest cryptocurrency gained 2.2% to $111,790.8 by 9:31 a.m. Moscow time, after dropping to a three-week low below $109,000 last week.
Bitcoin fell more than 5% the previous week amid mass liquidations and selling pressure.
Whale Accumulation Provides Support After Sharp Selloff
Data from blockchain trackers showed that large investors, or whales, stepped up buying in recent sessions, helping stabilize prices.
These moves followed last week’s high volatility, when a wave of liquidations wiped out about $1.5 billion in long positions on crypto exchanges in a single day.
Sentiment was further weighed down by the expiration of $22 billion in cryptocurrency options, marking the end of the third quarter and exerting downward pressure on Bitcoin and other cryptocurrencies.
Overall sentiment on Monday remained cautious as investors monitored political developments in Washington. U.S. lawmakers have until September 30 to approve funding and avoid a government shutdown.
The deadlock sparked concerns that delays in the release of key economic data, including Friday’s nonfarm payrolls report, could heighten uncertainty in financial markets.
Although a government shutdown would not directly affect the Bitcoin network, global risk-off sentiment could pressure cryptocurrencies.
Kraken Plans to Raise Funds at $20 Billion Valuation — Bloomberg
Crypto exchange Kraken is in advanced talks to raise new capital that would value the company at around $20 billion, Bloomberg News reported Friday.
The proposed round envisions a strategic investor contributing between $200 million and $300 million, the report added.
Investor appetite for crypto firms has strengthened amid growing regulatory clarity and increasing institutional participation in digital asset markets.
Crypto Prices Today: Altcoins Rise but Remain Range-Bound
Most altcoins also recovered on Monday after a week of declines but traded in narrow ranges.
The world’s second-largest cryptocurrency, Ethereum, rose 2.4% to $4,102.83 after dropping more than 10% last week.
The world’s third-largest cryptocurrency, XRP, gained 2.2% to $2.85.
Solana climbed 3.5%, while Cardano rose 3.1%, and Polygon added 1.2%.
Among meme tokens, Dogecoin increased 2%, while $TRUMP advanced 1.8%.
See also: "ChatGPT-5 Named Two XRP Competitors for Investment in 2026"
