Crypto Weekly (02/09 – 08/09): BTC Plummets at the Start of September

The first week of September saw BTC drop sharply to the $52,000 mark, Ethereum losing all its gains for 2024, and Altcoins continuing to search for bottom.

Btc Plummets At The Start Of September

Crypto Market Last Week

The crypto market in the first week of September witnessed a sharp drop in Bitcoin (BTC), as it fell from $59,800 to a low of $52,600. The main reason is believed to be a significant sell-off by ETF investment funds after a prolonged period of continuous buying.

Bitcoin’s sharp decline also affected Ethereum, the second-largest coin on the market, which experienced a similar drop. ETH lost all its gains from 2024, plummeting to $2,200.

As for other altcoins, most continued to bottom out, reflecting the overall market situation.

Bitcoin chart on Tradingview
Bitcoin chart on Tradingview

Top 10 biggest gainers last week

Source: Coinmarketcap
Source: Coinmarketcap

Top 10 biggest losers last week

Source: Coinmarketcap
Source: Coinmarketcap

Key news last week

Token unlocks this week

Token unlocks this week
Token unlocks this week

Here are some token unlocks this week to keep an eye on:

  • $APT: $68.40M
  • $MOCA: $17.77M
  • $CFX: $11.38M
  • $HYPC: $10.94M
  • $SDEX: $7.78M
  • $AGI: $7.60M
  • $WLD: $7.05M

Macroeconomic news this week

This week, there are two noteworthy pieces of news on Thursday (September 5):

  • At 12:30 PM on Wednesday (September 11), the Consumer Price Index (CPI) will be released. CPI measures the change in the price of goods and services and is one of the key indicators for assessing inflation. If the actual figures are higher than the forecast, it is considered positive for the USD, and vice versa.
  • At 12:30 PM on Thursday (September 12), the Initial Jobless Claims data will be released. If the actual numbers are higher than expected, it will be considered negative for the USD, and vice versa.
Love

0.0/5

Love

Latest

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.

Why Hyperliquid Is Becoming Unstoppable

News | Altcoin | Editor Choice

After the Crash and Scandal: Why Hyperliquid Is Becoming Unstoppable

Amid record-breaking liquidations and a listing scandal that rocked Binance, Hyperliquid has risen as DeFi’s “fortress of steel” — a living testament to the true power of transparency and decentralization.

Screenshot 2025 09 10 100533