Market summary and cues
The global crypto market retained a steady tone on 4 September 2025. CoinGecko’s dashboard (India region) shows the overall crypto‑market capitalization around US$3.9 trillion, with 24‑hour trading volume of about US$123 billion, and Bitcoin and Ethereum maintaining dominance of ≈56.4 % and ≈13.5 % respectively. The Fear & Greed Index stayed between Neutral and Greed, signaling cautious optimism. Major coins generally moved sideways as traders awaited macro‑economic cues from the U.S. Federal Reserve’s mid‑September meeting, where markets priced in a ~95 % chance of an interest‑rate cut. Analysts noted returning institutional flows into Bitcoin and an uptick in DeFi lending activity, suggesting a gradual rotation back into risk assets.
Local cues – India:
- Regulation: A senior finance ministry official announced that India would implement the OECD’s Crypto‑Asset Reporting Framework (CARF) from 1 April 2027, signing a Multilateral Competent Authority Agreement to enable automatic exchange of crypto‑tax information. Legislative work and systems changes are already under way.
- Taxation: The 30 % income tax on digital‑asset profits and the 1 % Tax Deducted at Source (TDS) on crypto transactions continue to dampen retail volumes. Exchanges have shifted focus to compliant offerings such as regulated derivatives and “earn” products.
Global cues:
- Federal Reserve policy: The Fed is widely expected to cut rates later in September, encouraging risk‑on trades. Analysts believe a decisive break above US$112,600 could spark a Bitcoin rally, while failure could trigger a pull‑back.
- Institutional flows: Spot Bitcoin ETFs recorded net inflows exceeding US$300 million earlier in the week, while Ethereum ETFs saw outflows. Reduced exchange reserves for both BTC and ETH imply a potential supply squeeze.
- DeFi integration: Year‑to‑date lending volumes in decentralised finance have grown sharply, indicating deeper integration with traditional finance.
Market movements – Bitcoin & Ethereum
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. in USD) | $111,304 | $4,403 |
| Price (approx. in INR) | ₹99,00,700 | ₹391,500 |
| 24‑h % change | +0.36 % | +1.83 % |
| 24‑h high | $112,600 / ₹1,00,05,000 | ≈ $4,500 / ₹400,800 |
| 24‑h low | $110,582 / ₹98,30,000 | ≈ $4,300 / ₹382,900 |
| Market sentiment | BTC held above the $111k handle as buyers returned. Analysts view $112.6k as key resistance; support lies near $111k. Institutional inflows into spot ETFs and decreasing exchange reserves point to a cautiously bullish bias. A break above $112.6k could open room toward $115k–$118k, while failure might lead to consolidation. | ETH benefited from whale accumulation and shrinking exchange reserves. Analysts note strong support around $4,300 and resistance near $4,500. Closing above $4,500 could trigger a push toward $4,800–$5,000; ETH remains sensitive to macro cues. |
Key observations
- Crypto market breadth: Altcoins traded mixed. Solana and Cardano slipped around 1 % due to profit‑taking, while some smaller tokens posted double‑digit moves (see Top Gainers/Losses).
- DeFi & institutional trends: Rising DeFi lending volumes and lower exchange reserves for ETH hint at a supply‑driven rally. Spot Bitcoin ETFs saw strong inflows, whereas ETH ETFs recorded net outflows.
- Sentiment: Market psychology stayed neutral–positive; the Fear & Greed Index hovered between Neutral and Greed. Investors monitor macro data and regulatory headlines.
Top gainers – Altcoins
Business Standard’s crypto snapshot for 3 September 2025 highlighted altcoins that jumped up to 6 % over 24 hours. Although price moves may vary slightly by 4 September, the following tokens remained notable gainers in Indian markets:
| Altcoin | 24‑h change* | Comment |
|---|---|---|
| Fartcoin (FART) | ≈ +6 % | Meme‑inspired token saw heavy retail speculation. Its low market cap amplifies price swings. |
| Four (FOUR) | ≈ +5 – 6 % | DeFi aggregator rallied as liquidity mining programmes attracted users. |
| Bitcoin Cash (BCH) | ≈ +5 – 6 % | Traders rotated into “digital‑cash” plays ahead of next year’s block‑reward halving. |
| Bitget Token (BGB) | ≈ +4 – 5 % | Exchange token benefitted from announcements of new staking products and increased trading volumes. |
| Ondo (ONDO) | ≈ +4 – 5 % | Popular for tokenised U.S. Treasury yields; demand grew as investors sought yield‑bearing assets. |
| OKB (OKB) | ≈ +4 % | OKX exchange token climbed on news of new token listings. |
| Pudgy Penguins (PENGU) | ≈ +4 % | NFT‑related token gained as its parent collection teased new merchandise. |
| Optimism (OP) | ≈ +4 % | Layer‑2 token rose with adoption of Optimism’s OP Stack in several gaming projects. |
| Avalanche (AVAX) | ≈ +4 % | Rally followed a surge in subnet development and institutional partnerships. |
| Solana (SOL) | ≈ +4 % | Despite minor profit‑taking, SOL remained a gainer due to its fast transaction throughput and upcoming network upgrades. |
Top losers – Altcoins
The same snapshot identified several altcoins that fell up to 7 %. Most declines were attributed to profit‑taking after earlier rallies or sentiment shifts around specific projects:
| Altcoin | 24‑h change* | Reasons for decline |
|---|---|---|
| World Liberty Financial (WLFI) | ≈ –7 % | Donald Trump‑backed governance token retraced after its initial listing surge; a 20 % sell‑limit cap on holders triggered profit‑taking. |
| Pyth Network (PYTH) | ≈ –6 % | Oracle‑network token fell after traders rotated into other DeFi names. |
| PancakeSwap (CAKE) | ≈ –6 % | DEX token corrected amid concerns over declining trading volumes on Binance Smart Chain. |
| Cronos (CRO) | ≈ –5 % | After strong gains earlier in the week, CRO pulled back due to profit‑taking and slower adoption of Cronos Chain. |
| Mantle (MNT) | ≈ –5 % | Layer‑2 token slid as initial hype around Mantle’s governance proposals cooled. |
| Flare (FLR) | ≈ –4 % | Profit‑taking followed the release of Flare’s FAssets upgrade. |
| Ethereum (ETH) | ≈ –4 % | ETH lagged BTC and corrected slightly after approaching resistance; traders rotated into Bitcoin for safety. |
| Uniswap (UNI) | ≈ –4 % | DEX governance token weakened on concerns over declining liquidity mining rewards. |
| Conflux (CFX) | ≈ –4 % | Chinese‑focused Layer‑1 retraced as momentum shifted to other regional chains. |
Top trending coins in India Crypto Market
CoinGecko’s India highlights list ranks coins by page views and interest, updated on 4 September 2025. The top trending coins were:
- Purple Pepe (PURPE) – A meme token that gained ≈22.4 % over 24 hours and more than 53 % over the week. Its virality on social media made it the most‑searched token in India.
- Ferretcoin (FEC) – Small‑cap meme coin up roughly 9.3 %.
- Origin LGNS (LGNS) – Governance token of Origin Protocol; modest daily gain of 0.4 %.
- Bitcoin (BTC) – Despite relatively flat 24‑h performance, BTC remained in the top trending list due to continued investor interest.
- World Liberty Financial (WLFI) – Despite its price drop, WLFI drew attention amid its Donald Trump‑linked debut; 24‑h gain on CoinGecko showed 19.8 % (reflecting high volatility).
- Solana (SOL) and Ethereum (ETH) – Both large‑cap coins appear in the trending list, each posting single‑digit daily gains.
- Collector Crypt (CARDS), Shiba Inu (SHIB), XRP, ORBITX (RTX) (up ~64 % in 24 h), Pepe (PEPE), Somnia (SOMI), Portal to Bitcoin (PTB) and Dogecoin (DOGE) round out the top 15, reflecting a mix of memecoins, Layer‑1s and emerging tokens.
Outlook for tomorrow (5 September 2025)
- Bitcoin & Ethereum: Market structure suggests continued consolidation. A decisive break above US$112,600 for Bitcoin could open a move toward US$115 k–118 k, whereas failure may keep BTC in the $111 k–$112 k range. Ethereum needs to close above $4,500 to re‑ignite bullish momentum; otherwise it risks drifting toward $4,200–$4,300 support.
- Altcoins: Gainers such as FART, FOUR, BCH and ONDO may face profit‑taking after sharp advances. Investors should watch whether Cronos and WLFI can stabilise; oversold conditions could attract speculative bids. Regulatory news or major protocol announcements could trigger rotation among Layer‑1 and DeFi tokens.
- Macro events: Markets will be watching U.S. weekly jobless claims and speeches by Federal Reserve officials. Continued expectations of a rate cut support risk assets, but any hawkish surprise could weigh on crypto.
- Local developments: With India progressing toward CARF compliance, exchanges may pivot to more transparent reporting. Traders should monitor updates from the finance ministry and Reserve Bank of India.
- Investor sentiment: As the Fear & Greed Index sits in neutral territory, momentum is likely to remain sensitive to news flow. Short‑term traders may prefer range trading until a clear breakout emerges.
Conclusion
Crypto market in India stayed range‑bound on 4 September 2025. Bitcoin and Ethereum held key support zones, with rising institutional flows hinting at potential upside. Altcoins displayed mixed performance: memecoins and niche projects delivered strong gains, while others succumbed to profit‑taking. Regulatory clarity is gradually emerging, especially with India set to adopt the OECD CARF in 2027. Looking ahead to 5 September, traders should watch for a breakout in BTC or ETH, remain cautious around volatile altcoins, and pay attention to macro‑economic data and local policy announcements.
