Crypto Market Cools: Bitcoin Below $110K, Ethereum Weakens

Bitcoin and Ethereum under pressure

The crypto market is entering a fragile phase as both Bitcoin (BTC) and Ethereum (ETH) show weakness. After briefly topping $117,000 following Jerome Powell’s dovish Jackson Hole speech, Bitcoin quickly lost momentum and is now trading below $110,000, down over 7% in just a few days. Ethereum, which nearly reached $4,900, has slipped back to around $4,300, signaling exhaustion after weeks of strong performance.

ETF outflows highlight market fragility

The pressure isn’t only from retail traders. Bitcoin ETFs have seen billion-dollar outflows over the past week, triggering over $700 million in liquidations, mostly from long positions. This underlines how fragile the market remains, even as institutional players and whales quietly accumulate BTC and ETH amid volatility.

Altcoins face heavy declines

Major altcoins also joined the downturn. Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) all dropped between 6–8% in the past 24 hours. This sharp decline reflects investors pulling back from higher-risk assets as liquidity tightens across the market.

Bitcoin miners face revenue challenges

Another red flag is the collapse in Bitcoin transaction fees. With on-chain demand weakening, miner revenues are shrinking, forcing many to diversify into areas like AI computation and HPC hosting. This trend poses longer-term sustainability concerns for the Bitcoin network if fee markets fail to recover.

September: a testing ground

Source: coindesk.com/price

Historically, September has been one of the weakest months for Bitcoin. With ETF outflows, low fees, and heightened volatility, analysts expect a period of consolidation and cautious accumulation. Yet, institutional buying in the background could help stabilize prices and prepare the market for the next bullish phase.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.