September kicked off with some pretty typical crypto market action – a bit messy but not totally surprising. Bitcoin dropped to around $109,000, which sounds scary until you remember this month has a reputation for being rough on cryptocurrencies. Traders actually call it “Red September” because Bitcoin tends to struggle during this time every year.
September is historically one of the worst months for crypto
Markets love pain
You expect red? Then prepare for the most violent green you’ve ever seen pic.twitter.com/CABpOZtt4N
— Quinten | 048.eth (@QuintenFrancois) September 1, 2025
Even with the drop, Bitcoin is still holding strong with a massive $2.14 trillion market cap. Sure, it’s down about 1.45% in the last day and nearly 4.37% for the month, but institutional investors are still treating it like their favorite digital gold. Meanwhile, Ethereum is sitting at $4,469 and actually managed to gain almost 30% over the past month despite losing a bit today.
Some altcoins are doing pretty well too. Solana jumped up nearly 25% this month even though it dipped about 3.78% today. Binance Coin and Cardano are also showing decent monthly gains of 16.32% and 15.63% respectively. XRP isn’t having as much fun, trading around $2.74 and down about 4% today.
The meme coin crowd is still hanging in there with Dogecoin at $0.21, up 10% for the month despite today’s 4.67% drop. At least the stablecoins are doing their job – USDT and USDC are both holding steady at exactly $1.00.
Conclusion
While September’s reputation for crypto weakness continues, the mixed performance shows some resilience, with several altcoins posting strong monthly gains despite daily volatility.
Also Read: Ethereum Price Faces Pressure
