On the morning of September 9, bitcoin was trading above $79K, and Ethereum held above $2.5K. Over the past 24 hours, both leading cryptocurrencies gained within 1%, but the main focus of investors shifted from internal market news to macroeconomics and decisions by U.S. financial authorities.
Crypto Market: Prices, Capitalization, and Investor Sentiment
Key indicators as of September 9 looked as follows:
- USDT on the TRC20 network: minimum cash or SBP transfer sell offers started at 87.9 rubles per 1 USDT.
- Crypto market capitalization: about $2.67 trillion.
- Fear and Greed Index: 66 out of 100, in the market “Greed” zone.
This index level shows that market participants are more often ready to buy cryptocurrency than to seek protection.
Among the top 100 crypto assets, the best result of the day was shown by the Venice Token — it gained 45%. The project is related to private use of artificial intelligence models. The biggest drop was seen in the first-layer blockchain cryptocurrency Internet Computer: the token price fell by 5%.
ETFs See Outflows, but New Funds Keep Emerging
At the end of the September 8 trading session, more than $46 million left Bitcoin-based exchange-traded funds. Funds tied to Ethereum also saw outflows: investors withdrew over $24 million from them.
Against this backdrop, the ZEC-based fund stood out: its assets under management reached $500 million. It was launched at the end of August and has already hit a round capital milestone.
Another notable event was the launch of the first U.S. fund based on Tron with a staking mechanism. This structure allows fund shareholders to earn passive income linked to the underlying crypto asset.
Why Macroeconomics Matters More for Bitcoin Right Now
The mood around Bitcoin is largely set by expectations regarding the U.S. The market is watching the upcoming inflation data, while an additional source of volatility remains the U.S. Treasury’s position on tensions in the government bond market.
The upcoming U.S. inflation data could strengthen Bitcoin price movements both up and down.
In mid-August, the U.S. Treasury had already announced a doubling of long-term government bond buybacks with maturities from 10 to 30 years. At the same time, according to experts cited by Bloomberg, the regulator could further increase support volumes — up to 4–5 times the original injections.
The probability of a Fed rate hike remains above 60%. Together, these factors add uncertainty: investors are trying to understand how tough the monetary authorities’ future policy will be.
Despite this, some analysts remain positive on bitcoin. CryptoQuant founder Ki Young Ju noted that among the 112 crypto analysts he follows, most expect the leading cryptocurrency to rise. He described the overall mood briefly: “Analyst consensus on bitcoin — strictly buy.”
Crypto Companies Move Toward Banking Services
There are currently no major internal events on the crypto market that could draw attention. Therefore, investors are closely watching traditional finance and how crypto companies are integrating into banking infrastructure.
One of the largest corporate bitcoin holders, Jack Dorsey’s Block, filed an application to register Builders Bank & Trust. The new entity will provide custodial and fiduciary services, including storage of bitcoin and stablecoins.
This move continues a series of similar applications from crypto businesses. A week before Block’s application, Revolut received permission to launch comparable services. Previously, Coinbase, Paxos, BitGo, Ripple, and Circle had already received approvals.
What to Remember About Bitcoin Technology
Bitcoin was created as a peer-to-peer network and payment system where money is transferred without a traditional intermediary, and each bank transaction is replaced by an entry in a distributed ledger. Its purpose is to give users a decentralized currency that operates without a single control center. At its core is the blockchain: it stores the history of transfers and makes it verifiable for network participants.
Bitcoin’s creator is considered to be Satoshi Nakamoto. Bitcoin was launched in 2009 as open-source software: initially, the network was developed by enthusiasts, and then wallets, exchanges, payment services, and separate forks appeared around it. The network operates on the “Proof of Work” consensus algorithm. In this process, mining helps confirm blocks, and the basic ideas are related to Hashcash, cryptography, encryption, and the SHA-2 family.
From a technical perspective, a computer scientist views the transfer of funds as a transaction: data must be correctly recorded, verified, and protected from tampering. This uses authentication, a public key cryptosystem, and other software that ensures network security.
Bitcoin as a currency is not part of the usual ISO 4217 codes, and the ecosystem around it has long gone beyond the original experiment. Notable examples:
- Bitcoin Cash — one of Bitcoin’s forks.
- Bitcoin Foundation — an industry organization.
- Coinbase — a major crypto platform.
- PayPal — a payment service that made cryptocurrency more visible to the mass market.
Issuance, Mining, and Halving
The maximum Bitcoin issuance is limited to 21 million coins. New BTC appear through mining: miners collect transactions into blocks, verify them, and compete for the right to add a new block to the blockchain. For this work, they receive rewards in BTC and user fees.
Halving is a scheduled reduction in miners’ rewards. It occurs roughly every 4 years and slows the issuance of new coins. Due to the lower inflow of new BTC, the market often sees halving as an important factor for the long-term price, although it does not guarantee growth by itself.
Buying and Storage
You can buy Bitcoin through crypto exchanges, exchangers, or P2P deals. Usually, a user chooses a platform, funds the account in a convenient way, buys BTC, and transfers the coins to a wallet if they do not want to leave them on the exchange.
For storage, people use hot wallets that are always connected to the internet, cold wallets without a constant connection, and hardware devices. The larger the amount, the more important backups, private key protection, and access control become.
Volatility, Risks, and Long-Term Outlook
Bitcoin’s price changes sharply due to a combination of supply and demand, news, regulation, actions by large investors, and macroeconomic expectations. Therefore, the long-term forecast to 2030 depends not only on interest in cryptocurrency, but also on rates, inflation, market rules, and the pace of Bitcoin adoption by institutional investors.
The main risks for holders are high volatility, cyber threats, possible regulatory changes, and loss of access to the wallet. If private keys or the seed phrase are lost, it is usually impossible to recover the coins.
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