Sept 1, 2025 – The crypto market opened September with a familiar chill as Bitcoin dropped to $107,657, marking a 1.45% dip in 24 hours and a 4.37% slide over the past month. Traders are calling it the start of “Red September,” a historically bearish phase for BTC that often sees price corrections and reduced momentum.
Despite the downturn, Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) posted strong monthly gains, defying the broader trend. ETH surged 29.30% over the last 30 days, now trading at $4,389.26. Solana gained 24.78%, driven by rising NFT activity and Web3 developer interest. BNB climbed 16.32% to $856.60, supported by increased DeFi usage and exchange volume.
“Bitcoin’s dominance is intact, but altcoins are clearly stealing the spotlight,” said crypto analyst Riya Sehgal. “SOL’s speed and ETH’s staking momentum are driving fresh capital.”
Market cap for Bitcoin remains strong at $2.14 trillion, with Ethereum holding $528.83 billion. Analysts expect volatility to continue as ETF decisions loom, dormant wallets reactivate, and macroeconomic signals remain mixed.
“September is rarely kind to Bitcoin,” said Chirag Daruwalla, a crypto legal advisor. “But this year, altcoins are rewriting the script.”
Trading volumes on major exchanges like Binance and Coinbase rose 12% in the last 48 hours, with altcoin pairs showing higher activity than BTC. Retail investors are reportedly shifting focus toward utility-driven tokens and staking rewards.
With Korea Blockchain Week (Sept 22–28) and TOKEN2049 Singapore (Sept 30–Oct 2) approaching, the final quarter of 2025 could bring fresh announcements, partnerships, and market pivots.
As traders brace for more swings, the question remains: will Bitcoin recover its footing, or will altcoins continue to lead the charge?
