Why Is Crypto Down Today? – September 22, 2025

Market Overview - The global crypto market cap has decreased by 3.8% to $3.97 trillion, while trading volume has increased to $190.3 billion [1] - Most major cryptocurrencies are experiencing losses, with only a few exceptions among top coins [1] Crypto Performance - Nine of the top 10 cryptocurrencies by market cap are showing 24-hour losses, with Bitcoin (BTC) down 2.7% to $112,508, but up 2% over the past week [3] - Ethereum (ETH) has dropped 6.7% to $4,166.40, marking a significant decline [3] - Dogecoin (DOGE) leads the losses, falling 10.7% to $0.238, with a nearly 10% drop over the past week [3] Notable Trends - BNB (BNB) is the only coin among the top five showing a weekly gain of 11.1%, despite a 3.9% drop in the last 24 hours [4] - Some altcoins are exhibiting high volatility, with PumpBTC surging 140.9% to $0.2175, while OG saw a massive drop of 26.8% to $4.31 [4][5] Market Sentiment and Predictions - Analysts are debating whether Bitcoin will replicate its historical performance in October, which has seen positive returns in 10 out of the last 12 years [5] - A potential rally could push BTC to around $165,000 from current levels [5] Political and Regulatory Impact - President Trump's proposed $100,000 H-1B visa fee is causing market jitters, particularly affecting India's $280 billion IT outsourcing sector [6] - This policy may lead to increased trade tensions and corporate costs, potentially driving capital towards safer assets [7] - The Fear & Greed Index currently stands at 47, indicating neutral market sentiment [8]