In another volatile week for the crypto market, bitcoin ( BTC) fell to $107,414 on Sept. 1 before rallying to $113,402 a few days later. While institutional acquisitions helped restore bullish sentiment, the cryptocurrency ultimately closed the week at $110,290, a modest gain of 1.3%.
Bitcoin’s Brief Comeback Ends With Modest 1.3% Weekly Gain
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Bitcoin’s Brief Rally Fueled by Institutional Buys
In another volatile week for the crypto economy, bitcoin ( BTC) plunged to $107,414 on Sept. 1 after beginning the week trading above $108,700. The top cryptocurrency then staged a brief rally, surging past $113,000 on Sept. 5—its highest level since Aug. 28.
The rebound was believed to be fueled by a powerful one-two punch: the strategic resumption of BTC purchases by Strategy and the announcement that the listed Japanese company Metaplanet had acquired 1,009 BTC, lifting its total holdings to 20,000 coins. These developments injected fresh optimism into a market that had been teetering on uncertainty.
Michael Saylor’s renewed buying activity, in particular, reignited bullish sentiment. For weeks, analysts had warned that his pause in aggressive accumulation had left a noticeable void in market momentum—removing what many viewed as a psychological anchor for long-term investors.
With Strategy back in the game and institutional interest surging, the rally was not just technical—it was symbolic of renewed confidence in bitcoin’s long-term trajectory. However, the rally was short-lived. After peaking at $113,402, BTC dropped nearly 3% to $110,290, ending the week with a modest gain of just 1.3%.
Ethereum ( ETH) saw a different trajectory, closing the seven-day period below $4,300—down 1.8%. XRP, which had lost its number three spot the previous week, fell to $2.72 on Sept. 1 but recovered slightly to end the week at $2.81, marking a 0.2% decline.
The price action of ETH and XRP was echoed across most high-cap altcoins, which posted weekly losses of 2% or less. LINK and TRX were among the exceptions, dropping 5.5% and 3.4%, respectively. ACT and CAMP were the week’s biggest losers, shedding 37.7% and 35.4% of their value.
On the upside, bitcoin cash ( BCH) stood out with a 10.3% gain, closing just under $600. This performance helped BCH re-enter Coingecko’s top 20 digital assets by market capitalization. Other notable gainers included HYPE, which rose 4.1%, while ENA and OKB posted double-digit gains of 13.2% and 12.2%, respectively. The week’s biggest winner was CARDS, which skyrocketed by more than 700%.
