Why Is Crypto Down Today? – September 26, 2025

Market Overview - The global cryptocurrency market cap has decreased by 2.2% in the last 24 hours, now at $3.83 trillion, with trading volume rising to $237.1 billion, indicating weakened investor sentiment [1] - The Crypto Fear & Greed Index has dropped to 28, the lowest level since April, reflecting growing fear in the market despite prices remaining above previous lows [5][6] Cryptocurrency Performance - Nine of the top 10 cryptocurrencies by market cap are experiencing losses, with Bitcoin (BTC) down 2.1% to $109,252 and a 6.6% decline over the past week [3] - Ethereum (ETH) has fallen 3.3% in the last 24 hours to $3,895, marking a 13.9% weekly loss [3] - Solana (SOL) leads the day's losses, down 4.6% to $193.51, extending its 7-day decline to 20.7% [3] - Dogecoin (DOGE) has lost 3.5% to trade at $0.2247, resulting in an 18.4% weekly decline [4] Notable Trends - A few lesser-known tokens have shown significant gains, with SQD up 94.8%, Concordium increasing by 66.6%, and Wrapped XPL rising by 65.2% [5] - Long-term holders of Bitcoin are realizing profits, indicating potential market cycle tops, which may signal a deeper correction [7][8] ETF Activity - US Bitcoin spot ETFs have seen outflows of $258.46 million, while US Ethereum spot ETFs have recorded $251.20 million in outflows, suggesting investor exhaustion [8][9]