Crypto Market Retreats but September Holds Surprises
The crypto market started September with a retreat for Bitcoin and Ethereum, but data suggests that this month could still hold surprises. After a sharp breakout in August, both assets pulled back below $80,000 and $2,500, respectively, indicating consolidation.
Institutional demand remained strong in August, with Bitcoin funds seeing $3 billion in inflows and Solana (CRYPTO: SOL) products posting their strongest month of 2026. However, attention peaked after price did as SOL hit a 2026 high of $110.38 on Aug. 27 before falling about 10% to $98.35 by Sept. 2.
With those catalysts now priced in, SOL could consolidate or fall further without broader support from Bitcoin and Ethereum. ETH whale selling slowed sharply, with just 2,040 ETH worth about $5 million sold during the period marking it the lowest in five weeks.
On the other hand, XRP (CRYPTO: XRP) showed a different trend as about 4.9% of its supply moved after sitting dormant for an average of 542 days, triggering the signal for the second time in three weeks.