Crypto Prices Today (September 3): Bitcoin and Ethereum Show Recovery

The crypto market showed strong momentum on September 3, with Bitcoin and Ethereum being part of broader recovery. The global crypto market cap has climbed to $3.84 trillion, reflecting a 1.85% increase over the past 24 hours. Trading activity has also surged, with total daily turnover reaching $165.32 billion, which is a 0.83% rise.

Bitcoin(BTC), the top cryptocurrency by market cap, traded at $111,430 with a 1.79% gain, while the second one Ethereum, reached $4,380, adding 1.87% in the same period.

Top Gainers and Losers

MemeCore (M) was leading the top gainers list, having a 13.79% surge, reaching $1.02, backed by a trading volume of $38.4 million. Meanwhile, Four (FORM) followed with a climb of 7.81% to hit $3.58, and OKB saw a 7.68% increase, landing at $178.14. 

Ethena (ENA) advanced by 7.62% to reach $0.7319, and recorded the day’s high trading volume of $725.7 million. Ondo (ONDO) followed closely, increasing 6.30% to be at a price of $0.9728. 

In contrast, some tokens recorded declines. World Liberty Financial (WLFI) fell 3.76% to $0.2263 becoming the top loser, with daily trades amounting to $1.35 billion. 

In addition, there were declines of 0.94% for Pyth Network (PYTH), 0.92% for Mantle (MNT), 0.75% for UNUS SED LEO (LEO), and 0.61% for Bitget Token (BGB), which fell to $5.09.

Market Sentiment and Institutional Flow

Investor confidence seems to be holding steady. The Fear and Greed Index is at 42 when writing, which suggests a neutral outlook. At the same time, the Altcoin Season Index is at 50, indicating that Bitcoin and altcoins are on equal footing.

There’s been a surge of interest in crypto ETFs since the past day. On September 2, net inflows hit $204.1 million. This is a change from the mixed inflow and outflow patterns seen since early August.

In addition, institutions continue to be involved, which is confirmed by futures reaching $3.83 billion and perpetual contracts totaling $968.02 billion.

The latest uptick shows steady demand across retail and institutional fronts. Hence, market resilience driving a stronger rally is to be expected.

Also Read: Bitcoin to ‘Lose a Zero’ and Drop to $10k: Warns Bloomberg Strategist