Bitcoin Faces ‘Red September' Drop to $107K; ETH, SOL, BNB Gains; Top 10 Cryptocurrency Prices Today, Sept 1

The cryptocurrency market began September on a weaker note, with the Bitcoin price slipping to the $107K level, far below its record high. Historically, September has been considered a bearish month for cryptocurrencies, often called "Red September", as Bitcoin has consistently underperformed during this period every year. Despite this seasonal trend, Bitcoin and Ethereum are currently dominating the market with their massive m-Caps. Meanwhile, altcoins such as Solana (SOL), Cardano, and Binance Coin are showing strong monthly growth despite the recent drop. Here are the top 10 cryptocurrency prices today on September 1st.

Bitcoin (BTC) Price Today

Even after falling below the crucial 110K resistance level, Bitcoin's market cap is still $2.14 trillion. The BTC price today is currently around $107,657.25. However, the token dropped 1.45% in the last 24 hours and nearly 4.37% in the past month. Despite these corrections, Bitcoin continues to dominate the market and is the most preferred crypto asset for institutional investors.

Ethereum (ETH) Price Today

Ethereum is currently priced at $4,389.26 with a market cap of $528.83 billion. ETH has lost about 2.18% in the past 24 hours, but it still managed to post an impressive 29.30% gain over the last month.

XRP Price Today

XRP is trading at $2.74 with a market cap of $162.62 billion. The coin is down nearly 4% in the last 24 hours and 1.20% in the past month. Despite short-term corrections, Ripple coin plays a crucial role in cross-border payments and remains one of the top-traded cryptocurrencies worldwide.

Dogecoin (DOGE) Price Today

The Dogecoin price today is $0.2103, with a market cap of $31.66 billion. DOGE has declined 4.67% in 24 hours but remains a favourite among meme coins, supported by community enthusiasm and social media buzz. Over the last month, DOGE has gained 10% in the volatile market.

Cardano (ADA) Price Today

Cardano (ADA) is trading at $0.8067, with a market capitalisation of $29.31 billion. ADA has dropped around 3.59% in 24 hours, but it has gained 15.63% over the past month.

TRON (TRX) Price Today

TRON (TRX) is priced at $0.3386, with a market cap of $32.04 billion. TRX slipped by nearly 0.80% in 24 hours but has recorded a 5.14% gain in the past 30 days.

Binance Coin (BNB) Price Today

The BNB price today stands at $856.60, with a market capitalisation of $119.14 billion. Binance Coin slipped 0.79% in the last 24 hours but is still up 16.32% over the last month.

Solana (SOL) Price Today

Solana (SOL) is currently trading at $197.82, with a market cap of $106.85 billion. SOL dropped nearly 3.78% in a day, but over the past month, it has gained an impressive 24.78%. Solana continues to benefit from its speed and scalability and has recently become a favourite for Web3 and NFT projects.

Stable Coin: USDC & USDT

Both stablecoins are holding their peg at $1. The USDC price today is steady at $1.00, with a trading platform, ensuring liquidity in volatile markets. Tether (USDT), the largest stablecoin, is trading at $1.00 with a market capitalisation of $168.08 billion. Unlike other cryptocurrencies, USDT remains stable, maintaining its peg to the US dollar. Another major stablecoin, USDC Coin, is also stable with a market cap of $71.58 billion. It is widely used in crypto payments, DeFi protocols