[LIVE] Crypto News Today, September 24 – Max Pain as Bitcoin Price Briefly Fell Again Below $112K, BSC Chain Surges: Best Crypto to Buy Right Now?
Yahoo Finance·2025-09-24 09:33

Market Overview - Bitcoin experienced significant volatility, briefly dipping below $112,000 before stabilizing around $112,580, coinciding with $104 million in outflows from U.S. spot Bitcoin ETFs, primarily from Fidelity's FBTC which saw $75.55 million leave the fund [1][3] - Ethereum ETFs also faced challenges, with $141 million in outflows and no inflows across nine products, indicating weakening institutional demand in the short term [1][3] Liquidity and Market Sentiment - Market sentiment is divided, with bulls optimistic about a recovery towards $125,000, while bears anticipate further declines targeting $110,000 and $107,000, which is identified as a key liquidity cluster [2][3] - The presence of large liquidity levels at $107,000 may provide strong support if Bitcoin dips further, potentially stabilizing price action [2][3] Altcoin Performance - The BNB Chain ecosystem is showing resilience, with Aster's perpetual futures exchange surpassing Hyperliquid in 24-hour volume, reaching $11.8 billion, and its native token trading near $2.33 [4] - AI-focused tokens like AIC have gained traction, surging 333% in three days to peak at $0.5, currently holding a market cap of $380 million, indicating a shift in capital towards BSC midcaps [5] Regulatory Developments - SEC Chair Paul Atkins has proposed an "innovation exemption" aimed at accelerating the launch of crypto products, signaling a potential regulatory shift that could stimulate market activity into 2026 [6]