Following a turbulent August, Bitcoin is now steadied at above $109,000, diminishing fears of a deeper decline. Leading analysts believe that, despite the selling pressure exerted on Bitcoin over the past few days, it is now entering a new phase. As crypto investors are increasingly favoring potential new mass adoption protocols like MAGACOIN FINANCE in addition to the mainstays Ethereum and Cardano, September represents a key month for positioning.
Bitcoin Steadies After Pullback
The price of Bitcoin, which is slightly more than $109,000, has not always remained such as it backtracked to a lesser amount of $107,479.95. The asset has fallen 4.1% today and is down 7% for the week, which is the lowest level since July.
Despite the prices dip, Bitcoin is still up 84% as compared to the price of $58,724 in August 2024. The price of Bitcoin has increased by more than 15% since the beginning of the year. According to many analysts, the profit-taking by miners and weakness across the market are short-term pressures. September’s range will likely be defined by the primary resistance at 112k to 114k.
Institutional Adoption Remains Strong
Bitcoin has proven lasting strength due to institutional demand. Currently, the ETFs are holding on to 1.3 million Bitcoin and over 629,000 of such coins are being stacked by corporate giant Strategy (MSTR). Miners and ETF’s account for 6% of the circulating supply of bitcoin. Over the years they have owned a fair amount of bitcoin.
The United States has added Bitcoin, through allocations to 401(k) retirement plans, possibly bringing in billions on the regulatory front. Tiger Research analysts predict that liquidity increases throughout the world by central banks will see BTC price rise to $190000 in Q3 2025 despite steady accumulation.
Currently, Bitcoin is attracting active nodes above 23k. Its high mining difficulty suggests that future changes in hash rate are likely. Daily miner profit is also $55.69 million. Since nearly 20 million BTC have been mined by the network, the 2028 halving event is consolidating it.
Altcoin Rotation Builds Momentum
As Bitcoin consolidates, altcoins are gaining strength. Ethereum (ETH) is trading at nearly $4,600. Whale activity and record staking levels are driving Ethereum’s price higher. Cardano (ADA) is continually building a robust ecosystem through partnerships and governance upgrades. At the moment, the altcoin was trading in a $0.85 – $0.87 range despite cooling short-term.
Memecoins are also benefiting from speculative flows. Investors are continuing to put their bets in high-risk, high-return crypto assets that promise higher volatility. As a result, there has been a resurgence of inflows into the cryptocurrencies like SHIB and BONK. The analysts say that in September the altcoins may see a bigger phase as money moves from slow Bitcoin.
MAGACOIN FINANCE Gains Parallel Attention
In the midst of this altcoin frenzy, MAGACOIN FINANCE has started to receive analyst coverage. The project has been independently audited and is safe, secure, and 100% legitimate. It’s also an award-winning, secure project.
The KYC-verified team, scarcity-driven tokenomics, and transparent roadmap have already attracted thousands of investors. According to analysts, MAGACOIN FINANCE could be the sleeper hit of the 2025-2026 cycle, with potential returns of 1000%. It combines community power and proven security, making it a distinct entity compared to other new altcoins driven by memes.
Final Thoughts
Bitcoin’s maintenance of $109k despite volatility is notable, but the bigger story lies in the altcoins. With the arrival of September, Ethereum, Cardano, and memecoins are experiencing new inflows as demand appears to be growing.
MAGACOIN FINANCE is a secure project to invest in which has huge upside potential. As such, it offers hedge funds a speculative alternative investment. The possibilities for stability and growth may pave the way for the next leg of a bull cycle.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
Source: https://coincu.com/pr/bitcoin-holds-109k-as-altcoin-rotation-accelerates-into-september/