Daily Crypto Roundup - 8 Sep

Today’s Market Update

Bitcoin was up 1.16% at $112,608, Ethereum was up 1.50%, Solana was up 5.45%, and XRP was up 2.87% over the past 24 hours.

Crypto trader Ted Pillows noted whales have sold about 100,000 BTC in the past month, marking their largest offload since Q1 2025 just before the tariff crash, sparking speculation they may have early insight into potential risks.

Still, trader CryptoUB argued that support remains too strong to justify a bearish stance, calling the price action a classic consolidation phase likely to resolve upward.

Ethereum held near $4,400 after climbing from $1,400 to $4,800 earlier this year.

Trader Crypto Caesar described the pullback as healthy consolidation, not a trend reversal, noting that unless $4,500 breaks decisively, ETH is still positioned for higher cycle targets.

Crypto Dynamics Roundup

Opinion: Bitcoin Now the "Hardest Money," May Completely Disrupt All Asset Classes

Joe Burnett, Strategic Director at Semler Scientific, a Bitcoin treasury company, posted on X that the market is currently at the end of the long-term debt cycle described by Ray Dalio. This implies stocks are bid up to extreme valuations, real estate is aggressively revalued upward, and fixed-income products are at extreme levels.

The endgame of this cycle is fiat currency depreciation, with the only exit being hard money. Gold was the hardest money in the past, but Bitcoin is now, and it may completely disrupt all asset classes.

Analyst: Bitcoin No Longer Tied to Halving Cycle, Q4 Peak Predictions Misjudge Probability

According to Cointelegraph, crypto analyst PlanC posted on X that anyone expecting Bitcoin to peak in Q4 this year misunderstands statistics or probability. Statistically, this is like flipping a coin and getting tails three times in a row, then betting all money on tails again—relying on the past three halving cycles doesn’t provide enough meaningful data.

With the rise of Bitcoin investment firms and significant inflows into US spot Bitcoin ETFs, the halving cycle is no longer relevant to Bitcoin, except as a psychological, self-fulfilling prophecy. There’s no fundamental reason to expect a peak in Q4 2025.

Bitcoin Illiquid Supply Exceeds 14.3 Million, Hits All-Time High

According to Coindesk, Bitcoin’s illiquid supply—coins held by entities with little spending history—surpassed 14.3 million BTC in late August, a record high. Over the past 30 days, illiquid supply net increased by 20,000 BTC.

Of the current 19.9 million BTC in circulation, about 72% of the total supply is illiquid, held by long-term holders and cold storage investors. This growth highlights a persistent accumulation trend, even during recent market volatility. Bitcoin hit a $124,000 all-time high in mid-August, then dropped about 15%, yet illiquid supply continues to rise, showing holders aren’t selling despite the dip.

Bitcoin Market Cap Reaches $2.212 Trillion, Nearly Double Visa and Mastercard Combined

According to 8Marketcap, Bitcoin’s market cap is now nearly double the combined value of Visa and Mastercard, standing at approximately $2.212 trillion. Visa’s market cap is about $666.16 billion, and Mastercard’s is around $528.14 billion.