On Thursday, September 4, 2025, the cryptocurrency market was largely stable. Bitcoin (BTC) remained over $111,000, and Ethereum (ETH) continued to rise, bolstered by strong on-chain indications and increasing institutional interest. Activity in the DeFi space also remained strong, with year-to-date lending volumes increasing significantly, indicating a closer connection between traditional finance and blockchain-based finance, according to analysts.
At last check, Bitcoin was trading at $111,304, up 0.36 percent, with a 24-hour trading volume of $57.22 billion. The flagship cryptocurrency has been fluctuating in a tight range between 110,582 and 112,600 over the last 24 hours. Bitcoin’s market capitalisation stood at 2.21 trillion, maintaining its dominance in the digital asset space. Bitcoin was repeatedly rejected close to $112,600, which is currently a significant resistance level. Prices were momentarily raised by lunchtime volume increases, but sellers intervened swiftly, causing Bitcoin to drop back into intraday lows close to $111,400. “The price action remains consolidative, with 112,600 as resistance and 111,000 as immediate support. Signs of institutional rotation from ETH back to BTC are emerging, potentially positioning Bitcoin for a gradual upward move. Bitcoin is consolidating after a sharp rebound from $107,000, with support at $112,000 holding firm and $118,000 now emerging as the next resistance.
The macro backdrop may serve as the next catalyst, particularly with the upcoming US Fed meeting on September 17. Markets are indicating a 95 percent likelihood of a rate cut, which could enhance the appeal of risk-on assets such as Bitcoin,” Subburaj stated. Ethereum is currently testing a crucial resistance level as whale accumulation continues. In contrast, whale stockpiling and tighter supply have helped Ethereum (ETH) stay high throughout the week. At last check, ETH was trading at $4,403, up 1.83 percent, with a 24-hour trading volume of $37.61 billion. Ethereum’s market cap stood at 531.44 billion. ETH exchange reserves have fallen to a three-year low, which, as noted by Edul Patel, might pave the way for a supply shock. “If ETH closes above $4,500, we could see a move toward the external liquidity zone between $4,800 and $5,000,” said Patel.
Strong support remains at 4,300. The founder and chairman of CIFDAQ believes that Ethereum’s strength coincides with the growing interest in DeFi. “DeFi lending is up 72 percent year-to-date, now exceeding $127 billion in TVL, largely driven by institutional demand for stablecoins and tokenised real-world assets,” Maradiya stated. “This trend positions DeFi as a bridge for traditional finance to access blockchain-native yield.” However, Maradiya cautioned that yield-chasing treasuries and aggressive leverage strategies in ETH could distort risk profiles, particularly in a maturing market. Among altcoins, Solana and Cardano experienced slight declines of nearly 1 per cent each as a result of profit-taking. The Fear & Greed Index remained in a range between Neutral and Greed, indicating a sense of cautious optimism throughout the wider market.
A prominent player outside of the conventional tokens was American Bitcoin, a mining and accumulating company supported by Eric Trump and Donald Trump Jr. that had a 110 percent spike on its Nasdaq debut before reversing its gains. In a significant regulatory move, Ukraine’s parliament has approved the first reading of a bill aimed at legalizing and taxing cryptocurrency, indicating its ambition to establish itself as a regulated crypto hub.