Crypto Market Jitters: Bitcoin Slips Below $108K as September Bearish History Looms

 September Crypto Outlook: Brace for Volatility

The crypto market is experiencing a typical chill as September approaches, with analysts warning of possible further falls and Bitcoin (BTC) struggling to retain its support levels. Bitcoin's price is now hovering around $108,000 after a strong climb in August that saw it reach a new all-time high of $124,457. The weekly chart's "Shooting Star" candle, which denotes selling pressure, is suggested by technical analysis. The price of Bitcoin could drop to $100,000 if it is unable to hold onto its critical support level around $105,000.

In contrast, Ethereum (ETH) is shown some resiliency in spite of the overall decline. Ethereum's price has been supported by a large injection of institutional capital into spot ETFs, with over $1 billion in net inflows last week. Ethereum has dropped from its most recent high of $4,953, although it is still receiving good support at $4,370. Industry leaders like Joseph Lubin, a co-founder of Ethereum, are upbeat, forecasting that as Wall Street adopts staking and decentralized finance (DeFi), ETH may expand by "100x" this cycle.

Outside of the majors, the entire value of stablecoins has surpassed $283 billion, setting a new record. Growing demand for dollar-pegged tokens and improved regulatory clarity—especially since the U.S. passed the GENIUS Act—are the main drivers of this rise. Other news: the Solana network is debating a proposal to drastically cut its block finality time, which could make it one of the fastest chains in the sector; the Trump-backed World Liberty Financial (WLFI) coin also launched.

A comprehensive article covering the current crypto market trends. Topics include Bitcoin's recent price dip, Ethereum's surprising resilience fueled by ETF inflows, the rise of stablecoins, and significant developments in the altcoin space. Perfect for investors and enthusiasts looking to stay informed on the latest happenings.