Bitcoin Slips to $79,256 as Broad Crypto Selloff Trims Weekly Gains; Solana Leads Intraday Losers Despite Monthly Strength

Bitcoin closed Monday at $79,256, down 1.4% on the session as a broad-based selloff pulled every major crypto asset lower into the close. Ether shed 0.8% to $2,495, Solana dropped 2.3% to $104.15, and XRP eased 1.7% to $1.40. The pullback trimmed weekly gains without disturbing the constructive 30-day picture.

Market Overview

Risk came off the crypto tape Monday. Bitcoin closed at $79,256, down -1.4% ↓ on the day and -0.6% ↓ on the week, though still holding a +13.7% ↑ gain over 30 days. Ether, Solana and XRP all finished in the red, with Solana the biggest intraday laggard at -2.3% ↓. The move looked more like broad de-risking than a single-asset story — every major name moved the same direction, and stablecoin supply data suggests some sidelined capital was drawn down rather than deployed.

Asset Price Analysis

Bitcoin failed to defend the $80,000 handle intraday, closing just below at $79,256. The 30-day picture remains constructive at +13.7% ↑, but Monday's weakness is the second consecutive down session, leaving the week-over-week print at -0.6% ↓. That flip from positive to slightly negative on the 7-day view is worth flagging — it points to a loss of upside momentum rather than a decisive break.

Ether settled at $2,495, down -0.8% ↓ on the session and -3.7% ↓ for the week. ETH continues to lag BTC on relative performance across every timeframe on the board — the 30-day print of +3.7% ↑ compares poorly with bitcoin's +13.7% ↑, and the ETH/BTC ratio has drifted lower as a result.

Solana was the day's noisiest tape, closing at $104.15 after a -2.3% ↓ session. The intraday weakness masks a stronger backdrop: SOL is still +9.2% ↑ on the week and +15.6% ↑ on the month, the best 30-day performer in the majors. XRP finished at $1.40, down -1.7% ↓, holding above the $1.35 area that has served as near-term support through recent sessions.

Stablecoin Pulse

USDC supply contracted by -$325M ↓ to $74.4B in the last 24 hours, according to InflowScan data. USDT was effectively flat at $183.4B. A single-day USDC redemption of that size, set against a red day across the majors, is consistent with capital being pulled off exchange rather than rotated into risk. It is a small data point on its own, but it fits the day's broader de-risking read.

ETF Flows Context

Issuer flow reports for Monday's session will not settle until later this week. The most recent complete session on the tape is Friday, September 4, when spot crypto ETFs absorbed a combined +$362.6M ↑ in net inflows, according to InflowScan data. Coverage that day was full for BTC (12/12 funds) and ETH (9/9), with SOL and XRP only partially settled.

+$137.7M ↑ — ARKB (ARK Invest)
+$120.0M ↑ — IBIT (BlackRock)
+$59.2M ↑ — ETHA (BlackRock)
-$48.3M ↓ — FETH (Fidelity)
-$4.2M ↓ — XRPR (REX-Osprey)
-$2.4M ↓ — FSOL (Fidelity)

Friday's bid provided some of the cushion carried into the early part of the week. Whether it persisted through Monday's selloff will show up in the settled data over the next 48 hours.

Outlook

The 30-day trend across the majors remains constructive, but Monday's session marks a second down day for bitcoin and puts the weekly print in negative territory for the first time in the recent stretch. Key levels to watch: BTC needs to reclaim $80,000 to reassert the recent uptrend; a close below $78,000 would be the first meaningful crack in the September rally. For ETH, the $2,450 area has held on prior tests. Solana's 30-day strength keeps the medium-term picture intact so long as $100 holds. On the data side, the next material read is Tuesday's settled ETF flow print — the first look at whether Friday's +$362M ↑ inflow pulse extended through Monday's weaker tape or reversed with it.