Traders are anticipating increased volatility after Wednesday's Federal Reserve interest-rate decision.
The S&P 500 and Nasdaq reached record highs Monday, leaving BTC and other major tokens.
Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.
The Fed is expected to cut rates by 25bps on Wednesday.
Heavy leverage in bitcoin derivatives has set up the market for potential downside cascades, with pockets of vulnerability looming if prices break lower.
Analysts remained optimistic saying they expect new lifetime highs in BTC and outsized gains in select few tokens, such as HYPE, SOL and ENA.
BTC's case for a rally to $120K strengthens with prices topping the 50-day SMA.
crypto experts maintain bullish outlook on bitcoin, focusing on impending Fed rate cuts and long-term structural bull run.
Market gains may accelerate if the CPI prints below estimates, strengthening the chance of a Federal Reserve rate cut.
BTC and ETH 25-delta risk reversals trade negative, indicating a bias for downside protection ahead of the inflation data.
Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.
Crypto edged higher with bitcoin near $114K and DOGE leading, while a CF Benchmarks model says BTC trades below fair value relative to money supply growth, a pattern that has preceded rallies.
CoinMarketCap's altcoin season index rose to almost 60% in a signal that the season is upon us.
Smaller tokens are having a blast as major cryptocurrencies recover from the decline late on Friday.
Total money market fund assets increased by $52.37 billion to $7.26 trillion for the week ended Sept. 3, according to the Investment Company Institute.
Altcoins like DOGE and SUI are rallying as the broader memecoin market shows signs of rejuvenation.
The U.S. jobs report revealed only 22,000 job additions in August, far below expectations, increasing the likelihood of a Fed rate cut. Still, BTC remains below $112K.
Implied volatility indexes suggest moderate price swings in major cryptocurrencies like bitcoin and ether, with larger changes in XRP and SOL.
“A $100K+ floor makes Bitcoin feel less like a high-beta trade and more like a global reserve asset in the making,” one observer said.
The MOVE index, an indicator of bond market volatility, has surged, signaling potential liquidity tightening.
BTC is on the brink of losing a key level that could see prices plunge to $93,000 before a stronger final quarter, Bitfinex analysts cautioned.
The upcoming nonfarm payrolls report is expected to show an increase of 110,000 jobs, with the unemployment rate steady at 4.2%.
Both bitcoin and the CoinDesk 20 Index are lower, and the negative sentiment is echoed in the options and perpetual futures markets.
SOL is the "most obvious long right now," fueled by up to $2.6 billion demand from crypto vehicles in the next month, Arca CIO Jeff Dorman said.
Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.
Traders say the combination of macro uncertainty, fragile sentiment, and thinning volumes leaves little room for error heading into what has historically been the toughest month on the calendar.
Exchanges liquidated $370 million of crypto futures bets as bitcoin confounded expectations for a move lower while gold topped $3,500 an ounce for the first time.
Chinese investors have borrowed a record 2.28 trillion yuan to buy local stocks.
A weaker US jobs market has strengthened the case for easing, and investors are seeking protection in hard assets, some opine.
DOGE led losses among major tokens with a 4.5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S.