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\u2019s metrics show BTC dominance near 56.7 % and ETH at 13.4 %. Trading volume across the market is roughly \u20b910.56 trillion (\u2248$127 billion) in the past day. Market sentiment remains neutral\u2014the widely\u2011followed 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.<\/p>\n\n\n\n
Local developments in India also shape sentiment. The Financial Intelligence Unit of India (FIU\u2011IND) has mandated that all virtual\u2011digital\u2011asset (VDA) exchanges refresh customer Know\u2011Your\u2011Customer (KYC) records by 30 June 2025 and re\u2011verify accounts older than 18 months under the Prevention of Money Laundering Act. The FIU observed widespread non\u2011compliance with the 1 % tax\u2011deducted\u2011at\u2011source (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 \u201ctransparent, secure and regulation\u2011aligned\u201d ecosystem.<\/p>\n\n\n\n
Metric<\/strong><\/th>| Bitcoin (BTC)<\/strong><\/th> | Ethereum (ETH)<\/strong><\/th><\/tr><\/thead> | Price (approx. in USD)<\/strong><\/td> | ~$111,292<\/td> | ~$4,380<\/td><\/tr> | Price (approx. in INR)<\/strong><\/td> | \u20b999,05,000<\/td> | \u20b9389,800<\/td><\/tr> | 24\u2011h % change<\/strong><\/td> | +0.12 %<\/td> | +1.08 %<\/td><\/tr> | 24\u2011h high<\/strong><\/td> | $111,723.41 \/ \u20b999,43,400<\/td> | $4,434.44 \/ \u20b9394,700<\/td><\/tr> | 24\u2011h low<\/strong><\/td> | $109,347.23 \/ \u20b997,31,900<\/td> | $4,268.59 \/ \u20b9380,300<\/td><\/tr> | Market sentiment<\/strong><\/td> | Neutral\u2013bullish; BTC dominance ~56 %. Consolidation between $107k\u2013$113k as traders await U.S. Fed signals.<\/td> | Slightly bullish; rotating demand but ETH faces resistance near $4,550.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n | Bitcoin remains the most valuable crypto\u2011asset. 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\u2019s 24\u2011hour range spans $109,347.23\u2013$111,723.41, while ETH traded between $4,268.59 and $4,434.44. The sentiment around both coins is neutral\u2011to\u2011slightly bullish: high network hash rates and institutional accumulation continue to support Bitcoin, whereas Ethereum shows rotating demand with occasional profit\u2011taking. The table below summarises key statistics.<\/p>\n\n\n\n Top gainers (alt\u2011coins)<\/h2>\n\n\n\nCrypto markets on 05 September saw a handful of small\u2011cap tokens rally even as majors consolidated. CoinMarketCap data compiled by ABP Live show that memecoin MemeCore (M)<\/strong> led gains with a ~21 % rise in 24 hours. Social\u2011media\u2011driven Pump.fun (PUMP)<\/strong> added about 9.6 %, while layer\u20112 scaling token Mantle (MNT)<\/strong> climbed 5.9 %. POL<\/strong>\u2014the new token for Polygon\u2019s re\u2011branded POL network\u2014gained 3.34 %, and cross\u2011chain governance token Four (FORM)<\/strong> rose 1.82 %. The table below lists the top Indian gainers with brief comments.<\/p>\n\n\n\n Profit\u2011taking in some tokens led to notable declines. World Liberty Financial (WLFI)<\/strong>\u2014a token linked to the Trump family\u2014fell 9.29 % after surging earlier in the week. Yield\u2011platform token Ethena (ENA)<\/strong> slipped 8.63 %, while metaverse project Vaulta (A)<\/strong> lost 5.49 %. DeFi blue\u2011chip Aave (AAVE)<\/strong> dropped 5.04 % on profit\u2011booking, and NFT\u2011linked Pudgy Penguins (PENGU)<\/strong> fell 4.80 %. The table below summarises the biggest losers.<\/p>\n\n\n\n Global macro:<\/strong> Market participants are watching the U.S. Federal Reserve\u2019s meeting on 16\u201317 September and soft labour\u2011market data. Mudrex CEO Edul Patel<\/strong> notes that Bitcoin is consolidating between $107 k\u2013$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<\/strong> of Pi42 says the market remains cautious; ETF inflows have cushioned September\u2019s typical weakness, but traders are awaiting Fed rate\u2011cut signals. Rising U.S. Treasury yields and the prospect of further monetary tightening remain the main headwinds.<\/p>\n\n\n\n Indian regulation:<\/strong> The FIU\u2011IND\u2019s directive to re\u2011verify KYC by 30 June 2025 underlines the government\u2019s 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.<\/p>\n\n\n\n CoinGecko\u2019s INR\u2011denominated dashboard shows that Indian traders are gravitating towards a mix of memecoins and established platforms. The trending coins in INR include World Liberty Financial<\/strong>, Pump.fun<\/strong>, Ethereum<\/strong>, Solana<\/strong>, MemeCore<\/strong>, Ondo<\/strong>, Cronos<\/strong>, Collector Crypt<\/strong>, Somnia<\/strong>, and Pi Network<\/strong>. Several of these (World Liberty Financial and Pump.fun) also appear in the gainers\/losers lists, indicating high retail interest but significant volatility.<\/p>\n\n\n\n Market sentiment is likely to remain neutral ahead of macro catalysts. Analysts expect Bitcoin to continue consolidating between $108\u00a0k\u2013$113\u00a0k unless a clear trigger emerges. Key levels to watch are $112\u00a0k on the upside and $100\u00a0k on the downside. Ethereum\u2019s near\u2011term resistance lies around $4,550, while support is near $4,200. Altcoin<\/a> momentum may persist in memecoins and newer tokens, but traders should be cautious of sharp pull\u2011backs. Local regulatory news\u2014especially updates on the government\u2019s upcoming crypto policy paper and compliance deadlines\u2014could influence volumes on Indian exchanges. Globally, any guidance from U.S. central\u2011bank officials or large ETF inflows may sway sentiment. Overall, maintain a balanced portfolio, manage risk, and monitor both macro and regulatory cues.<\/p>\n\n\n\n |
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