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Bitcoin and Ethereum Post Weekly Gains
Bitcoin traded at $84,011 as of 9:30 a.m. Korea time on Sept. 26, according to CoinGecko data. The cryptocurrency fell 0.7% over the previous 24 hours but gained 3.6% over the week, with a market capitalization of $1.69 trillion representing 58.2% of the total crypto market.
Ethereum was trading at $2,688, down 0.1% over 24 hours but up 2.7% over seven days. Its market capitalization stood at $328.3 billion. The total cryptocurrency market capitalization was $2.9 trillion, down 2.5% from the previous day.
Blockchain analytics firm Glassnode said in its weekly report covering on-chain activity from Sept. 16 to 23 that Bitcoin did not close below its realized price during the recent market decline. The firm said that if Bitcoin remains above the $77,000 level identified by its true market mean indicator, the low recorded in June could represent the shallowest bear-market bottom since 2017. Glassnode also pointed to $95,000-$97,000 as a potential resistance area based on market valuation indicators and options positioning.
U.S. Spot Bitcoin and Ethereum ETFs See Continued Inflows
U.S. spot Bitcoin exchange-traded funds continued to attract investment between Sept. 21 and 24, according to data from Farside Investors and SoSoValue. BlackRock’s IBIT fund recorded $381.4 million in inflows on Sept. 21, helping total daily inflows reach about $1 billion, the peak of the period.
The inflow pace later slowed, falling to $714.7 million on Sept. 22 and $190.7 million on Sept. 24. Crypto data outlet Cryptonomist reported that the six-day streak brought cumulative inflows to about $2.8 billion, while daily inflows declined 81% from the Sept. 21 peak.
Bitcoin traded around $84,000 on Sept. 23 after briefly moving above $87,000 earlier in the week for the first time since late January. CoinGlass data showed open interest in perpetual futures reached about $160 billion, the highest level since October 2025, alongside large-scale short position liquidations.
Ethereum spot ETFs also recorded steady demand. SoSoValue data showed net inflows of $270 million on Sept. 21, $162.2 million on Sept. 22, $104.5 million on Sept. 23 and $66.1 million on Sept. 24, totaling $746.5 million over five consecutive trading days. BlackRock’s ETHA fund recorded the largest inflow on Sept. 24 at $26.8 million.
Blockchain Upgrades Lift Solana and Avalanche Activity
Solana traded at $122, gaining 7.8% over the week and 4% over 24 hours, according to CoinGecko. The network’s Alpenglow upgrade is scheduled for a tentative Sept. 28 release and is designed to reduce transaction finalization time from 12.8 seconds to 150 milliseconds while increasing fault tolerance to 40%.
Ethereum’s Glamsterdam upgrade has been pushed back to the fourth quarter of 2026, with testing planned on the Sepolia testnet on Oct. 6.
Avalanche (AVAX) traded at $10.62, rising 29.9% over seven days and 3.7% over 24 hours. The Helicon network upgrade, which began Sept. 22, reduces the minimum validator staking lock period from 14 days to 48 hours and adds an automatic restaking feature.
24/7 Wall St. reported that the changes allowed stakers to withdraw funds more quickly, contributing to a temporary 8% price decline as some investors sold after the upgrade-related momentum faded. Intercontinental Exchange, the parent company of the New York Stock Exchange, has tested Avalanche for around a year as part of research into 24-hour tokenized stock trading, though no contract or launch date has been set.
Bitget Hack Becomes September’s Largest Crypto Theft Incident
Crypto exchange Bitget suffered a security incident on Sept. 24, with about $351.6 million in assets stolen through 15 transfers at 6:31 p.m. UTC, according to CryptoSlate. Ethereum accounted for the largest share of stolen assets at 44.4%.
The incident pushed reported cryptocurrency theft losses in September 2026 above $684 million, surpassing the previous monthly high of about $646.9 million recorded in April.
Bitget’s chief executive said a preliminary investigation found VPN IP addresses matching patterns previously associated with North Korean-linked hacking groups, while emphasizing that the connection has not been confirmed. The exchange has suspended withdrawals while the investigation continues.
Weekly Crypto Market Snapshot
Major cryptocurrencies showed mixed but generally positive weekly performance. XRP rose 12.2% over seven days to $1.57, while BNB gained 1.7% to $777. The figures are based on CoinGecko public data collected at 9:30 a.m. Korea time on Sept. 26 and reflect market conditions at the time of measurement.
The market data reflects price movements and reported industry developments only and does not represent investment advice. Cryptocurrencies remain highly volatile assets, and investors may lose principal.
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