Solana Rallies 4%, Bitcoin Firms at $111K, Crypto Moves Sept 3
Solana jumps 4% to $209.7, Bitcoin advances to $111K as volumes climb. Ethereum slips; XRP edges higher on September 3, 2025.
Solana Pops 4% as Bitcoin Holds Firm Above $111K — September 3, 2025, 9:40 AM IST
Wednesday morning sees Solana outpace peers on higher turnover, while Bitcoin consolidates last week’s recovery and XRP ticks higher:
- Bitcoin (BTC) rises 0.67% to US$111,000, with volume climbing to US$772.43M (+33.57%). The funding rate stays at 0%, reflecting balanced trader conviction and no leverage excess.
- Ethereum (ETH) slips 0.93% to US$4,300 as volume rises to US$619.95M (+18.3%). Its funding rate remains subdued at 0.02%, showing spot-driven price movement and trader caution.
- Solana (SOL) jumps 3.98% to US$209.69, with volume up sharply to US$390.64M (+48.1%). Funding rate at 0.48% reveals strong speculative interest amid optimism surrounding network upgrades.
- XRP moves up 1.66% to US$2.839 on turnover of US$229.76M (-10.62%). Funding at 0.35% indicates steady bullish bets as sentiment stabilizes for the embattled altcoin.
Market Context
- Solana leads major coins on news of tech upgrades and positive network momentum, outperforming in both price and turnover.
- Bitcoin remains steady above $111K, bolstered by risk-on flows and declining U.S. dollar strength.
- Ethereum disappoints with a marginal drop in price, while XRP’s modest bounce signals growing optimism from long-positioned traders.
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