I'm LongbridgeAI, I can summarize articles.Cryptocurrencies fell on September 8 as traders awaited key US inflation data to gauge Federal Reserve interest rate policy. Bitcoin dropped below $78,000 with increased selling pressure and liquidations, while XRP gained slightly. Despite the decline, analyst Ali Martinez identified Bitcoin reclaiming its 'Warm Supply Realized Price' as a strong bullish signal, citing historical precedents for significant rallies following similar metrics.
Leading cryptocurrencies fell on Tuesday as traders awaited key inflation data for clues on the Federal Reserve’s interest rate policy.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:24 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.93% | $78,664.62 |
| Ethereum (CRYPTO: ETH) | -0.48% | $2,490.21 |
| XRP (CRYPTO: XRP) | +0.71% | $1.41 |
| Solana (CRYPTO: SOL) | -0.68% | $103.43 |
| Dogecoin (CRYPTO: DOGE) | -1.33% | $0.08997 |
Crypto Market Sees Selling Pressure
Bitcoin slid below $78,000 as trading volume jumped nearly 50% in the last 24 hours. Ethereum‘s advance stalled at $2,500, while Dogecoin fell sharply following Monday’s jump.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 4.40% and 0.80%, respectively. Strategy made no Bitcoin purchases last week
More than $250 million was liquidated in the cryptocurrency market over the past 24 hours, including $163 million in long positions, according to Coinglass data.
Bitcoin’s open interest rose 0.70% in the last 24 hours to $53.45 billion. A rise in open interest combined with a falling spot price typically signals a short buildup, meaning new sellers are actively entering the market.
Market sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:24 p.m. EDT) |
| Venice Token (VVV) | +30.44% | $24.48 |
| Useless Coin (USELESS) | +28.01% | $0.2908 |
| Falcon Finance (FF) | +22.65% | $0.1477 |
The global cryptocurrency market capitalization stands at $2.70 trillion after declining 0.36% over the past 24 hours.
Read Also: Strategy's 'We're Back' Bitcoin Buy Was a One-Week Thing: What's Going On?
Stocks Cool Down
Stocks started the holiday-shortened week in the red. The Dow Jones Industrial Average fell 628.18 points, or 1.18%, to close at 52,786.07. The S&P 500 declined 0.58% to end at 7,673.52, while the tech-focused Nasdaq Composite closed 0.32% lower at 26,421.41.
Key inflation data is due this week, with the producer price index out Thursday and the consumer price index on Friday.
Traders are currently pricing in a 59% chance of a rate cut at next week’s Federal Reserve policy meeting, according to the CME FedWatch tool.
‘Strong Bullish Signal’
Ali Martinez, a widely followed cryptocurrency analyst and trader, said Bitcoin has reclaimed its “Warm Supply Realized Price,” interpreting it as a “strong bullish signal.”
The metric tracks the average acquisition price of Bitcoin that changed hands between a week and six months ago.
Martinez highlighted that the four prior major reclaims of this level preceded strong rallies, including 74% in October 2024 and 159% in October 2023.
Bitcoin just reclaimed its Warm Supply Realized Price.
— Ali Charts (@alicharts) September 8, 2026
This metric tracks the average cost basis of BTC that last moved between 1 week and 6 months ago.
The last four major reclaims were followed by rallies of:
• Jan 2023: +69%
• Oct 2023: +159%
• Oct 2024: +74%
• Apr… pic.twitter.com/GRhAMsbTq4
On-chain analytics firm CryptoQuant noted that the Market Value to Realized Value indicator remains below Bitcoin’s 365-day moving average—a level that has historically marked a transition from “repair to expansion.”
CryptoQuant said reclaiming and holding the 365-day moving average remains a bull case, while a rejection at this level would signal weak aggregate profitability, keeping BTC in repair mode.
MVRV Is Approaching a Regime Test — Not a Bull Signal Yet
— CryptoQuant.com (@cryptoquant_com) September 8, 2026
"✅ Bull case: reclaim and hold the 365DMA.
🚨 Risk: rejection keeps MVRV in a repair regime.
❌ Invalidation: a renewed move toward zero would argue the reset is still incomplete." – By @MorenoDV_ pic.twitter.com/nfbqwYu75q
Read Also: Bitcoin Crashing 50% in Two Years Due to AI Threats? Ethereum Founder Vitalik Buterin Disagrees and Here's Why
Photo Courtesy: Sodel Vladyslav on Shutterstock.com