Analysts reminded that on September 25, Bitcoin (BTC) fell to $108,000, triggering a sharp spike in spot volumes. This move marked $108,000 as a potential bottom.
On September 29, U.S. exchange-traded funds (ETFs) based on Bitcoin and Ethereum collectively attracted over $1 billion — nearly $522 million into BTC ETFs and $547 million into ETH ETFs.
The decline in the prices of Bitcoin, Ethereum, and other digital assets triggered liquidations on the cryptocurrency futures market totaling nearly $1 billion.
The crypto market is facing the largest quarterly options expiration of 2025. The total nominal value of BTC and ETH contracts exceeds $21 billion, making the event a key stress test for the market amid macroeconomic uncertainty and signs of monetary policy easing by central banks.
The main catalyst for Ethereum’s downward trend was the exit of investors from high-risk assets, which began after the strengthening of the U.S. dollar. Rising yields on U.S. government bonds and the risk of a government shutdown after October 1 further fueled the flight to safe-haven instruments, according to experts from a Japanese company.
Ether dropped below $4,000, hitting its lowest level in nearly seven weeks amid a broad selloff in digital assets that has wiped out more than $140 billion in market value since the start of the week, Bloomberg reports.
Major global corporations continue to actively integrate cryptocurrencies into their treasury strategies. Alongside Bitcoin and Ethereum, interest in altcoins such as XRP, Solana, and BNB is also growing. The latest player in this field is Jiuzi Holdings, a Chinese company listed on Nasdaq and operating in the electric vehicle charging infrastructure sector.
Investment bank and financial services provider Morgan Stanley has announced it will launch trading in Bitcoin, Ethereum, and Solana (SOL).
BitMine Immersion Technologies, a cryptocurrency custody firm, announced that it holds 2.4 million ETH. This represents more than 2% of Ethereum’s total supply.
Ethereum’s price fell more than 6% in the last 24 hours to $4,172, reaching its lowest level since early August. This decline wiped out billions of dollars from ETH’s market capitalization, which now stands at approximately $503 billion.
According to Tom Lee, these two cryptocurrencies will offer excellent investment opportunities to the market, particularly due to their sensitivity to monetary liquidity.
The analytical department of Citibank published a report predicting that the price of the second-largest cryptocurrency could fall to $4,300 by December 31.
The roadmap includes the launch of transfers based on the L2 PlasmaFold network, the introduction of confidential voting, and the development of identity solutions using zero-knowledge (ZK) proofs — a technology that enables data verification without revealing its content.
Spot Bitcoin and Ethereum funds are once again seeing rising demand from institutional investors. On Friday, September 12, they attracted $642 million and $405 million, respectively.
According to analysts, in September Ethereum hit several all-time highs — institutional demand, as well as staking and transaction volumes, reached record levels.
On September 5, Ethereum-linked exchange-traded funds faced massive withdrawals: investors pulled out over $444 million in a single day. This marks the second-largest capital outflow since the launch of Ethereum ETFs in July 2024, highlighting a significant decline in interest in ETH investments.
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