Why Is Crypto Down Today? – September 16, 2025

Market Overview - The cryptocurrency market capitalization has decreased by 0.5% to $4.11 trillion, with most of the top 100 coins experiencing declines over the past 24 hours [1][2] - Total crypto trading volume stands at $159 billion [1] Performance of Major Cryptocurrencies - Bitcoin (BTC) is currently trading at $115,864, down 0.5%, while Ethereum (ETH) is at $4,508, down 2.6% [2][3] - Among the top 10 coins, all have shown a decrease, with Dogecoin (DOGE) experiencing the highest drop of 3% [3] Notable Winners and Losers - Binance Coin (BNB) is the only coin showing a slight increase of 0.2% to $931 [4] - Pump.fun (PUMP) has appreciated the most among the top 100 coins, up 6.6% to $0.00834, while Ethena (ENA) and Pudgy Penguins (PENGU) have seen the largest declines of 7.2% and 5.8%, respectively [4] Future Outlook - Tom Lee suggests that Bitcoin and Ethereum could experience significant price movements if the US Federal Reserve announces a rate cut [5] - Analysts expect the Federal Open Market Committee (FOMC) to announce its first rate cut since last year, which could lead to sharp market volatility [6]