What Happened In Crypto Market Today: Top News of September 4
What Happened In Crypto Market Today: Top News of September 4
Green candles everywhere. That's the short version of what happened in crypto market today, and traders woke up to a board that hasn't looked this good in weeks.
Three Key Takeaways
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The global crypto market cap sits at $2.8 trillion, up 3.9% in 24 hours, with Bitcoin holding 58.4% dominance.
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Bitcoin spot ETFs pulled in $731 million in net inflows on September 3, led by BlackRock's IBIT.
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Binance Alpha is delisting 12 tokens on September 4, and several of them have already crashed.
Why Is Crypto Market Up Today? Bitcoin Leads A Broad Rally
Bitcoin is trading at $81,284.61, up 4.6% on the day. Ethereum climbed past $2,524, a gain of over 5.5%. XRP jumped around 6.5% to $1.45, and Solana added 3.9% to reach $104.23, as per Coingecko Data. This is what happened in crypto market today across the board, not just on one coin.
Total trading volume over the last 24 hours came in at $112 billion, according to CoinGecko. Ethereum dominance holds at 11%, while Bitcoin still controls well over half the total space. When Bitcoin and Ethereum both move up together with this kind of volume behind them, altcoins tend to follow, and today they did.
| Asset | Price | 24H Change |
|---|---|---|
| Bitcoin (BTC) | $81,284.61 | +4.6% |
| Ethereum (ETH) | $2,524.35 | +5.5% |
| XRP | $1.45 | +6.5% |
| Solana (SOL) | $104.23 | +3.9% |
ETF Money Keeps Flowing In
Money moved into Bitcoin funds fast on September 3. Bitcoin spot ETFs took in $731 million in net inflows, and BlackRock's IBIT alone accounted for $454 million of that, according to SoSoValue data. Ethereum spot ETFs weren't far behind, adding $141 million, with BlackRock's ETHA leading the pack at roughly $72 million.
This kind of inflow tells you institutions are buying, not just retail traders chasing green candles. That's a big part of why is crypto market up today.
What Did The Fed Say About Rates?
Fed Governor Christopher Waller gave traders something to think about. He said inflation still sits meaningfully above the Fed's 2 percent goal, but recent data points toward disinflation. If that trend holds over the next two weeks, he'd support keeping rates where they are.
He also flagged real uncertainty. Military conflicts, trade policy, and AI could all still shift prices and economic activity. If August data shows the improvement was short-lived, Waller said the Fed may need to raise rates when it meets on September 15 and 16.
Binance Alpha Delisting: What Got Removed
Binance Alpha is pulling 12 tokens on September 4 at 8:30 UTC. The list includes MTP, BDXN, TALE, BOS, MAIGA, TIMI, U (Union), SERAPH, RVV, AIAV, PENGUIN, and SN3, according to Binance's own post on X.
Users can still withdraw or sell these tokens after removal:
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Go to Asset, then Alpha, then Withdraw, then pick the token
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Go to Asset, then Alpha, select the token, then Instant, then Sell
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Use Binance Wallet: Market tab, search the token, then trade
Most of these tokens dropped sharply once the news spread. Delistings usually spark quick sell pressure since liquidity dries up fast.
Coinbase Pushes Into Stock Perpetuals
Coinbase platform is working to bring single-stock perpetual contracts to the U.S. The exchange filed SEC notice registrations this week for its derivatives exchange and broker arm.
Coinbase said it plans to work with both the SEC and CFTC to bring more financial products onshore, a move that could open a new product line for U.S. traders.
Iran War Talk Adds A Political Layer
The Wall Street Journal reported that President Trump has been discussing declaring the Iran War over in private talks with senior aides. Aides reportedly warned him that further escalation beyond recent strikes could hurt Republicans in the midterm elections. Political headlines like this can move risk assets fast, and crypto traders are watching closely.
What Next For The Crypto Market?
Two events sit ahead of traders. The Fed meets on September 15 and 16, and its rate decision will likely set the tone for the next leg of this market. Separately, movement on the CLARITY Act could shape how U.S. regulators treat digital assets going forward. Both are worth watching if this rally is going to hold.
YMYL Disclaimer: This content is for informational purposes only and does not count as financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and prices can change fast. Always do your own research and talk to a licensed financial advisor before making any investment decision.
