Crypto Market overview
The overall cryptocurrency market continues to hover near record highs despite intraday volatility. According to CoinMarketCap data quoted in ABP Live, the global crypto market capitalisation is about $3.82 trillion, down 0.60 % over the last 24 hours. Bitcoin (BTC) commands more than half of the total market value; CoinGecko’s metrics show BTC dominance near 56.7 % and ETH at 13.4 %. Trading volume across the market is roughly ₹10.56 trillion (≈$127 billion) in the past day. Market sentiment remains neutral—the widely‑followed Crypto Fear & Greed Index sits around 48 on 4 September (ABP Live cites a similar neutral value of 41). Neutral readings suggest traders are neither excessively fearful nor euphoric.
Local developments in India also shape sentiment. The Financial Intelligence Unit of India (FIU‑IND) has mandated that all virtual‑digital‑asset (VDA) exchanges refresh customer Know‑Your‑Customer (KYC) records by 30 June 2025 and re‑verify accounts older than 18 months under the Prevention of Money Laundering Act. The FIU observed widespread non‑compliance with the 1 % tax‑deducted‑at‑source (TDS) on crypto transactions and wants exchanges to report TDS to the government. Crypto executives have welcomed the move, noting that stronger KYC and TDS reporting should build a “transparent, secure and regulation‑aligned” ecosystem.
Bitcoin and Ethereum price movement
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Price (approx. in USD) | ~$111,292 | ~$4,380 |
| Price (approx. in INR) | ₹99,05,000 | ₹389,800 |
| 24‑h % change | +0.12 % | +1.08 % |
| 24‑h high | $111,723.41 / ₹99,43,400 | $4,434.44 / ₹394,700 |
| 24‑h low | $109,347.23 / ₹97,31,900 | $4,268.59 / ₹380,300 |
| Market sentiment | Neutral–bullish; BTC dominance ~56 %. Consolidation between $107k–$113k as traders await U.S. Fed signals. | Slightly bullish; rotating demand but ETH faces resistance near $4,550. |
Bitcoin remains the most valuable crypto‑asset. ABP Live reports BTC trading around $111,292.27 in the Indian morning session, up roughly 0.12 % in 24 hours. Ethereum (ETH) is quoting near $4,379.75, gaining 1.08 % over the day. CoinMarketCap data show that BTC’s 24‑hour range spans $109,347.23–$111,723.41, while ETH traded between $4,268.59 and $4,434.44. The sentiment around both coins is neutral‑to‑slightly bullish: high network hash rates and institutional accumulation continue to support Bitcoin, whereas Ethereum shows rotating demand with occasional profit‑taking. The table below summarises key statistics.
Top gainers (alt‑coins)
Crypto markets on 05 September saw a handful of small‑cap tokens rally even as majors consolidated. CoinMarketCap data compiled by ABP Live show that memecoin MemeCore (M) led gains with a ~21 % rise in 24 hours. Social‑media‑driven Pump.fun (PUMP) added about 9.6 %, while layer‑2 scaling token Mantle (MNT) climbed 5.9 %. POL—the new token for Polygon’s re‑branded POL network—gained 3.34 %, and cross‑chain governance token Four (FORM) rose 1.82 %. The table below lists the top Indian gainers with brief comments.
| Alt‑coin | Price (USD) | 24 h change | Brief comment |
|---|---|---|---|
| MemeCore (M) | ~$1.40 | +20.97 % | Meme‑driven token rallied on social‑media hype; still highly volatile. |
| Pump.fun (PUMP) | ~$0.00439 | +9.60 % | Micro‑cap memecoin continues momentum from recent launch; liquidity remains thin. |
| Mantle (MNT) | ~$1.18 | +5.89 % | Layer‑2 scaling platform benefitting from DeFi activity and upcoming ecosystem airdrops. |
| POL (ex‑MATIC) | ~$0.2837 | +3.34 % | New token powering Polygon’s transition to the POL chain; speculation around staking rewards. |
| Four (FORM) | ~$3.73 | +1.82 % | Governance token of Four protocol sees modest uptick amid ecosystem updates. |
Top losers (alt‑coins)
Profit‑taking in some tokens led to notable declines. World Liberty Financial (WLFI)—a token linked to the Trump family—fell 9.29 % after surging earlier in the week. Yield‑platform token Ethena (ENA) slipped 8.63 %, while metaverse project Vaulta (A) lost 5.49 %. DeFi blue‑chip Aave (AAVE) dropped 5.04 % on profit‑booking, and NFT‑linked Pudgy Penguins (PENGU) fell 4.80 %. The table below summarises the biggest losers.
| Alt‑coin | Price (USD) | 24 h change | Reason for decline |
|---|---|---|---|
| World Liberty Financial (WLFI) | ~$0.1871 | –9.29 % | Speculative Trump‑linked token retreats after earlier rally; high volatility and profit‑taking. |
| Ethena (ENA) | ~$0.6527 | –8.63 % | Decline follows rapid gains; investors await roadmap updates for Ethena’s synthetic dollar. |
| Vaulta (A) | ~$0.456 | –5.49 % | Metaverse/NFT project sees selling pressure as hype cools. |
| Aave (AAVE) | ~$307.44 | –5.04 % | DeFi protocol faces competition; market rotates into smaller tokens. |
| Pudgy Penguins (PENGU) | ~$0.02869 | –4.80 % | NFT‑associated token pulls back after recent pump; trading volume remains thin. |
Local & global cues affecting the market
Global macro: Market participants are watching the U.S. Federal Reserve’s meeting on 16–17 September and soft labour‑market data. Mudrex CEO Edul Patel notes that Bitcoin is consolidating between $107 k–$113 k and a sustained move above $112 k could restore bullish momentum, while a break below $100 k (or $92 k) might lead to deeper corrections. Avinash Shekhar of Pi42 says the market remains cautious; ETF inflows have cushioned September’s typical weakness, but traders are awaiting Fed rate‑cut signals. Rising U.S. Treasury yields and the prospect of further monetary tightening remain the main headwinds.
Indian regulation: The FIU‑IND’s directive to re‑verify KYC by 30 June 2025 underlines the government’s commitment to enforce the 30 % tax on crypto gains and 1 % TDS. The Bharat Web3 Association highlights that tighter KYC compliance will help identify tax flouters and build a more credible VDA ecosystem. Exchanges such as Binance are already asking users to submit updated PAN details. Even though comprehensive legislation has yet to be released, these measures suggest that India will continue to monitor crypto transactions closely.
Top trending coins in India
CoinGecko’s INR‑denominated dashboard shows that Indian traders are gravitating towards a mix of memecoins and established platforms. The trending coins in INR include World Liberty Financial, Pump.fun, Ethereum, Solana, MemeCore, Ondo, Cronos, Collector Crypt, Somnia, and Pi Network. Several of these (World Liberty Financial and Pump.fun) also appear in the gainers/losers lists, indicating high retail interest but significant volatility.
Outlook for tomorrow (06 September 2025)
Market sentiment is likely to remain neutral ahead of macro catalysts. Analysts expect Bitcoin to continue consolidating between $108 k–$113 k unless a clear trigger emerges. Key levels to watch are $112 k on the upside and $100 k on the downside. Ethereum’s near‑term resistance lies around $4,550, while support is near $4,200. Altcoin momentum may persist in memecoins and newer tokens, but traders should be cautious of sharp pull‑backs. Local regulatory news—especially updates on the government’s upcoming crypto policy paper and compliance deadlines—could influence volumes on Indian exchanges. Globally, any guidance from U.S. central‑bank officials or large ETF inflows may sway sentiment. Overall, maintain a balanced portfolio, manage risk, and monitor both macro and regulatory cues.
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