In the latest developments within the cryptocurrency market, Bitcoin and Ethereum have registered notable price increases as of Friday morning, reflecting a positive trend in the overall landscape.
Bitcoin (BTC) was trading at approximately US$114,941, marking a 1 percent gain within a span of 24 hours. It achieved a peak value of US$116,309 earlier in the day, while the lowest recorded price was US$113,802. Ethereum (ETH) also experienced a significant uptick, now priced at US$4,521.17, which corresponds to a 2.5 percent rise over the same period. Its trading range oscillated between a high of US$4,558.54 and a low of US$4,400.20.
Examining altcoin performance, Solana (SOL) stood out with a value of US$239.78, reflecting a 5.3 percent increase. Throughout the day, its price saw fluctuations between US$239.83 and US$225.74. XRP continued its growth, trading at US$3.04, a 1.2 percent rise with values peaking at US$3.07 and dipping to US$2.99. SUI (Sui) maintained a value of US$3.63, up by 0.4 percent, while Cardano (ADA) was priced at US$0.8895, achieving a slight gain of 1.1 percent.
In market news, U.S. Bitcoin ETFs have shown a remarkable streak of inflows, accumulating US$552.78 million in net inflows on September 11. This marks the fourth consecutive day of investor interest, correlating with Bitcoin’s recent ascent above US$115,000. The uptick follows a surge of US$757.14 million the previous day, which was noted as the largest single-day inflow since July. Analysts attribute this recent inflow to expectations surrounding a potential interest rate cut by the Federal Reserve on September 17, which could bolster risk assets.
In a surprising turn of events, a dormant Bitcoin wallet containing 444.81 BTC—equivalent to over US$50 million—has reactivated after 13 years of inactivity. Recent transactions flagged by blockchain monitoring services included the transfer of 132.03 BTC to a new address and 5 BTC to the cryptocurrency exchange Kraken. This resurgence has piqued interest among investors, with speculations regarding whether the original owner has regained access or if the assets have changed hands. Such dormant wallets often attract attention due to their potential implications for market sentiment.
On the corporate front, Gemini Trust Company, the cryptocurrency exchange established by Tyler and Cameron Winklevoss, has priced its initial public offering (IPO) at US$28 per share, surpassing earlier expectations. The stock is set to commence trading on the Nasdaq Global Select Market under the ticker symbol “GEMI.” Strong investor demand propelled the share price beyond the anticipated range of US$17 to US$19, prompting underwriters to consider additional shares. Although the company will not see direct benefits from secondary trading, the IPO reflects a robust interest in public crypto enterprises. Gemini reported revenues of US$142.2 million last year, predominantly from trading fees, but also revealed an operating loss of US$282.5 million in the first half of 2025.
The firm remains under scrutiny after settling a US$5 million case involving alleged misstatements related to Bitcoin futures earlier this year, which could influence investor perception moving forward.
