Cryptocurrency Bitcoin Cash (BCH) Surges Ahead as Prices of Ethereum and Chainlink Falter
In the ever-evolving world of cryptocurrencies, the market saw some significant movements on September 7, 2025.
Bitcoin Cash (BCH) emerged as the top performer among the top 20 cryptocurrencies, posting a 10% gain over the weekly range. The coin consolidated above $602, boosting its market cap near $11.98 billion, with $326 million in 24-hour volume. The rally of Bitcoin Cash highlights a short-term market rotation, as other large markets like Ethereum (ETH) and Chainlink (LINK) experienced dips.
Bitcoin, on the other hand, consolidated near $111,000, with a mild 2% uptick on the seven-day candle. Despite attempts to retest $120,000 in early September, the price has remained relatively stable. The digital gold ended the month of August 2025 at $108,300, down 6%.
Ethereum, the second-largest cryptocurrency by market cap, has been struggling to build momentum. The price declined to $4,288, down 4.1% over the past week. Ethereum's failure to keep pace with peers like Solana and XRP on the weekly time range is a concern for many investors.
Chainlink's price declined to $22.30, down 5.8% over the past week. The initial rally of Chainlink drove its price to multi-month peaks above $25, but as the catalyst faded, traders locked in gains over the past week. The rally was fueled by US government macroeconomic data being relayed via Chainlink's oracle infrastructure, in partnership with Pyth Network.
A new entrant in the market, Maxi Doge, is currently priced at $0.00025. The Maxi Doge presale is still ongoing and can be accessed through the official Maxi Doge site. The presale has already raised more than $1.9 million of its $2.2 million target, making it a speculative project gaining traction among traders. Maxi Doge is a high-risk, high-reward community-driven utility with no stop-losses.
It's worth noting that in the week of September 1, 2025, no institution has been reported to have introduced a new regulation that largely restricts companies’ purchases of cryptocurrencies, such as Ether, Chainlink, or Maxi Doge. This lack of regulatory news has not triggered a change in sentiment around Ether.
In terms of trading volumes, Bitcoin's consolidation near $111,000 corresponds with a decrease in trading volumes by 4.4% in the past week, while Ethereum's trading volumes saw a similar decline. Chainlink's daily volume reduced to $509 million, contributing to its price decline.
In conclusion, while Bitcoin Cash emerged as the top performer, the overall market saw a mixed bag of results. The cryptocurrency market continues to be a volatile space, with new projects like Maxi Doge gaining traction and established players like Ethereum struggling to maintain momentum. As always, investors are advised to approach the market with caution and do their due diligence before making any investment decisions.
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