Bitcoin dropped approximately 0.4%, trading near $111,000, following a near-term recovery from its August lows.
Though down today, BTC remains up over 2% for the month, signaling enduring upward momentum.
Ethereum bucked the trend, rising 0.9%, while XRP, Solana, and Dogecoin saw minor declines.
The market’s behavior mirrors a shift—Bitcoin trading more like gold, supported by rate cut
prospects.
Gold’s recent 1% drop from record highs hints at shifting investor preferences that may soon circle bac
k to crypto.
American Bitcoin stock, backed by Trump’s sons, surged 17% in its market debut, stirring crypto-related business int
erest.
Overall crypto market cap dipped slightly—yet investor focus remains firmly on macroeconomic catalysts.
Monthly gains keep bullish arguments alive despite volatility.
The comparison with gold positions Bitcoin as a hybrid asset—b
oth speculative and defensive.
Traders and strategists are watching Fed cues and gold movements for crypto direction.