Why Is Crypto Down Today? – September 24, 2025

Market Overview - The global cryptocurrency market cap has decreased by 0.1% to $3.99 trillion, with a steady 24-hour trading volume of $163.7 billion [1][2]. Crypto Performance - Among the top 10 cryptocurrencies, 8 are experiencing losses over the past week. Bitcoin (BTC) is priced at $112,975, down 2.8% weekly, while Ethereum (ETH) is at $4,177.52, down 7% [3][4]. - Solana (SOL) has dropped 9.2% over the week, trading at $212.74, and Dogecoin (DOGE) leads the losses with an 8.5% decline, now at $0.2429 [3][4]. Altcoin Trends - A few altcoins are showing significant gains despite the overall market stagnation. Aster has increased by 24.8%, and SafePal has risen by 24.3%. Undeads Games has also seen a 5.8% uptick [5][6]. - In the top gainers category, Quanto and Slash Vision Labs both surged by 52.4%, while Fluid jumped 47.8% in 24 hours, indicating ongoing volatility in the altcoin market [6]. Institutional Trends - Companies are reportedly holding more Bitcoin than ETFs, which is helping to offset sell-offs by large holders, creating a structural floor for BTC prices [6][7]. - The CFTC's initiative to allow tokenized assets as collateral in derivatives markets is viewed as a significant advancement for digital finance [7]. ETF Outflows - US Bitcoin spot ETFs experienced a loss of $103.61 million on September 23, primarily due to a $75.56 million outflow from Fidelity's FBTC. US Ethereum spot ETFs saw $140.75 million in outflows, with FETH losing $63.40 million [7].