Major cryptocurrencies reversed course after last week’s records, pulling the total crypto market below $4 trillion. Bitcoin fell as much as 2.2% to about $115,000, while Ether slid more than 4% at one point, dipping below $4,300, according to Bloomberg and CoinMarketCap data. Combined market capitalization dropped to $3.9 trillion.

The pullback followed highs on August 14, when Bitcoin reached a record $125,514 and Ether neared its November 2021 peak. The recent rally was supported by an influx of institutional investment, with Michael Saylor’s firm Strategy—whose main asset is bitcoin—having accumulated more than $72 billion worth of the token.

"Since reaching a new all-time high last week we have seen continued profit-taking," said Caroline Mauron, co‑founder of Orbit Markets, adding that "the momentum of the crypto finance boom appears to be losing strength." Japanese hotel operator Metaplanet, which had amassed about $2.2 billion in bitcoin, is down roughly 50% from its mid‑June peak. #Bitcoin #Ether #crypto #FiatNews