Crypto Market Enters September With Cautious Sentiment
The crypto market’s cautious sentiment continued into September, with major assets showing limited price movement on September 3, 2025. This relative calm followed a weekend of volatility, as the market digested recent macroeconomic news and a major Ethereum Layer 2 outage. With U.S. markets closed for Labor Day, trading volume was low, leaving the market exposed to potential volatility.
Bitcoin Holds Steady as Whale Rotation and Macro Concerns Loom
Bitcoin’s price held in a tight consolidation range, trading around $107,648. The price action reflected a market that is waiting for a clear direction. A major Bitcoin whale continued to sell off part of its stash, rotating assets into Ethereum, a trend that is weighing on Bitcoin’s short-term performance. Analysts are watching the $105,000 level as a key support zone to prevent a deeper correction.
Ethereum’s L2 Outage Creates Jitters Despite Strong Fundamentals
Ethereum’s price saw a slight dip, trading around $4,350. The token’s performance was impacted by a major outage on its Layer 2 solution, Starknet, which halted on-chain transactions for several hours. This technical issue created concern among developers and investors, overshadowing the token’s otherwise strong fundamentals. Despite this, a new report highlights that institutional and corporate demand for ETH remains robust, with a notable whale converting a portion of their Bitcoin holdings into Ethereum.
Kaspa Price Dips Post-Launch, Awaiting Real-World Adoption
Kaspa’s price saw a slight dip, following a quiet day after its Casplex Layer 2 launch. The network’s community and developers are focused on building dApps on the new smart contract-enabled layer. The coming days will be critical for determining whether the Layer 2 launch can generate long-term momentum. The price action suggests that the market is taking a “wait-and-see” approach, waiting for tangible utility and user adoption to materialize on the new layer before a rally begins. A new report from a market analysis firm highlighted that KAS needs Tier-1 exchange support to meaningfully improve its daily volume.
SUI Rebounds from Token Unlock, Defying Downward Pressure
Sui’s price saw a rebound after its token unlock-induced sell-off, with the token’s price action showing that the market has absorbed the new supply. Analysts believe that these fundamentals could provide a strong foundation for future growth. This rebound shows that there is strong underlying demand for SUI at these levels, which prevented a deeper correction. Analysts are now watching for a sustained push above the $3.50 level to confirm a new uptrend.
XRP’s Price Decline Mirrors Broader Market’s Cautious Sentiment
XRP’s price also declined, following the broader negative market sentiment. The token’s movement reflected a lack of fresh catalysts and a market that is consolidating after a period of mixed performance. A lack of new catalysts and a risk-off environment prevented the token from showing any significant recovery. Analysts warn that a break below its current support level could lead to a deeper correction.
Cardano’s Recovery Puts Focus on Potential ETF Catalysts
Cardano’s price saw a modest recovery, following the broader market’s positive trend. The token’s performance was in line with other major altcoins, suggesting that its price is still tied to the overall market sentiment. The community continues to focus on a potential Cardano ETF as a major catalyst for future growth. Its resilience against the market’s jitters is a positive sign for its long-term outlook. This performance highlights the community’s strong conviction in the project’s fundamentals and future potential.
Shiba Inu and Dogecoin See Price Dips Amid Market Volatility
Shiba Inu’s price saw a slight dip, following a slight rally at the end of last month. The meme coin’s volatility is still high, and its price is heavily influenced by speculative trading. The community continues to focus on the token’s burn rate and the development of its Shibarium ecosystem for future growth. Dogecoin’s price saw a dip, unable to resist the negative market sentiment at the start of the month. The meme coin’s performance was in line with other major altcoins, suggesting that its price is still tied to the broader market’s movements. Recent news about a potential new treasury plan has not been enough to provide a strong catalyst for a sustained rally.
Pi Network Struggles with Liquidity as User Frustration Grows
The Pi Network’s token, PI, saw its price dip, following the broader market’s negative trend. Despite a recent hackathon announcement, the token is still struggling to gain momentum due to a lack of listings and liquidity. Many investors are now looking for other utility-driven altcoins with real-world applications.
| Cryptocurrency | Current Price | 24h Price Change | Key Catalyst / News |
| Bitcoin (BTC) | ~$107,648 | -1.25% | Whale sell-off and low liquidity. |
| Ethereum (ETH) | ~$4,350 | -2.6% | Starknet L2 outage and market jitters. |
| Kaspa (KAS) | ~$0.086 | -2.0% | Post-launch price dip, awaiting adoption. |
| SUI | ~$3.36 | +0.6% | Price rebounds after token unlock. |
| XRP | ~$2.90 | -1.1% | Price decline mirrors cautious market sentiment. |
| Cardano (ADA) | ~$0.83 | -0.8% | Modest recovery; focus on ETF news. |
| Shiba Inu (SHIB) | ~$0.000012 | -1.1% | Price dip follows general market volatility. |
| Dogecoin (DOGE) | ~$0.21 | -1.2% | Dip mirrors overall market trend. |
| Pi Network (PI) | ~$0.33 | -0.6% | Struggles with liquidity and lacks new catalysts. |
Navigating the Market’s High-Stakes Period
The crypto market’s quiet session on September 3 may be the calm before the storm, as investors await key economic data and a resolution to ongoing technical and regulatory issues. The divergence between Bitcoin and Ethereum, coupled with a mixed altcoin market, suggests a period of high uncertainty. The market’s direction for the rest of the month will likely depend on institutional sentiment and the performance of major assets in the coming days.
Read more: Crypto Market Analysis (September 2, 2025): Bitcoin Rallies Above $110K as the Market Gains Momentum
