Why Is Crypto Down Today? – September 22, 2025
The crypto market is down immediately, with the worldwide market cap falling by 3.8% to $3.97 trillion. Trading quantity, nonetheless, is up, reaching $190.3 billion. Most main belongings are within the crimson over the previous 24 hours, with just a few exceptions amongst high cash.
TLDR:
- 9 of the highest 10 cryptos are within the crimson;
- BTC down 2.7% to $112,508, ETH drops 6.7% to $4,166;
- Fear & Greed Index at 47 reveals impartial sentiment;
- Bitunix warns Trump’s $100K H-1B visa charge could gasoline volatility throughout markets;
- US BTC spot ETFs noticed $222.62M in inflows;
- US ETH spot ETFs gained $47.75M;
- China urged brokerages to pause RWA tokenization in Hong Kong amid regulatory warning;
Crypto Winners & Losers
At the time of writing, 9 of the highest 10 cryptocurrencies by market cap are displaying 24-hour losses.
Bitcoin (BTC) is buying and selling at $112,508, down 2.7% within the final 24 hours, however nonetheless up 2% over the previous week.

Ethereum (ETH) has dropped 6.7% on the day to $4,166.40, marking one of many steeper declines within the high 10.
Dogecoin (DOGE) leads the losses, falling 10.7% to $0.238, with a 7-day drop of practically 10%.
BNB (BNB) is the one coin among the many high 5 posting inexperienced on the weekly chart, up 11.1% over the previous 7 days regardless of a 3.9% drop within the final 24 hours.
Among trending tokens, OG noticed a large drop of 26.8% to $4.31, adopted by Aster, down 15.1% to $1.46. Avantis additionally slipped 3.6% to $2.07.
Top gainers embody PumpBTC, which surged 140.9% to $0.2175, adopted by Merlin Chain up 46.8% to $0.373, and Mavryk Network rising 30.6% to $0.1436.
Despite short-term losses throughout a lot of the market, some altcoins proceed to indicate outsized volatility, each to the upside and draw back.
Meanwhile, with October simply days away, analysts are debating whether or not Bitcoin will repeat its sturdy historic efficiency, because it has closed within the inexperienced 10 out of the previous 12 Octobers, incomes the nickname “Uptober.” A rally just like 2017 or 2021 might push BTC to round $165,000 from present ranges.
Trump’s H-1B Fee Bomb Sparks Crypto Jitters
Bitunix analysts say President Donald Trump’s proposed $100,000 H-1B visa charge has rattled markets, injecting contemporary political threat into an already fragile macro atmosphere.
The transfer instantly targets India’s $280 billion IT outsourcing sector, elevating the prospect of commerce tensions, authorized battles, and rising company prices.
“This coverage is very political and can seemingly spark negotiations and litigation between companies and governments,” the analysts wrote, warning that weakened threat urge for food might drive capital towards safer belongings just like the US greenback and Treasuries.
In crypto, BTC slipped from ~$117,000 to round $114,000, with patrons reappearing close to $113,000. “If $111,000 breaks, worth could shortly fall towards secondary assist at $108,000,” Bitunix stated.
Resistance stays heavy close to $119,000–$120,500, the place liquidity heatmaps present dense short-term vendor clusters.
Traders are suggested to observe US–India developments and reactions from main tech corporations. Until readability emerges, volatility might stay elevated throughout each conventional and digital markets.
Levels & Events to Watch Next
As of Monday morning, Bitcoin is buying and selling at $112,594, down 2.6% over the previous 24 hours. After failing to reclaim the $115K zone, BTC has slipped right into a decrease vary, with patrons stepping in round $112K. The asset stays below strain, consolidating under the $114K resistance.
Traders are carefully watching the $114,000–$116,000 zone. A clear break above might open the door towards $117,500, with $119,000 as the subsequent upside stage. On the draw back, $111,000 is the subsequent key assist, adopted by $108,000 if the extent breaks with quantity.
Meanwhile, Ethereum is buying and selling at $4,166, down 6.6% on the day. ETH noticed a pointy rejection after briefly touching the $4,500 mark over the weekend and has since pulled again towards its decrease assist ranges.

Immediate resistance sits at $4,300, adopted by a stronger zone at $4,500–$4,600. If ETH fails to carry the $4,150–$4,100 vary, additional draw back might take a look at $3,950, with $3,800 performing as the subsequent main assist.
Market members are eyeing macro dangers, together with US tech-sector volatility and regulatory indicators out of Asia, each of which might gasoline extra uneven worth motion this week.
Meanwhile, market sentiment in crypto stays regular. The CMC Crypto Fear and Greed Index is currently at 47, barely decrease than yesterday’s 48 and down from final week’s 51, signaling a continued impartial outlook.
This studying means that merchants stay cautious, neither pushed by worry nor swept up in market euphoria. With Bitcoin ranging under key resistance and macro dangers nonetheless current, members seem like ready on clearer course earlier than making decisive strikes.

The US Bitcoin spot ETFs recorded a powerful day of inflows on September 19, including $222.62 million in web new capital. This pushes the cumulative web influx throughout all funds to $57.72 billion, with whole belongings below administration now reaching $152.31 billion, or 6.63% of Bitcoin’s whole market cap.
BlackRock’s IBIT led the day with a large $246.11 million in web inflows, the one fund to publish a achieve. Grayscale’s GBTC noticed the most important outflow, shedding $23.5 million and shedding 203.74 BTC.
Other funds, together with FBTC, BITB, ARKB, and HODL, recorded no web flows for the day, displaying a largely one-sided move sample. Trading quantity was dominated by IBIT at $2.17 billion, adopted by FBTC and GBTC.

The US Ethereum spot ETFs recorded web inflows of $47.75 million on September 19, bringing the cumulative whole web influx throughout all ETH funds to $13.92 billion. Total belongings below administration now stand at $29.64 billion, or 5.51% of Ethereum’s market cap.
Among the 9 listed ETFs, BlackRock’s ETHA led with a major $144.29 million in web inflows, adopted by smaller outflows from different funds. Fidelity’s FETH recorded a notable outflow of $53.40 million, whereas Grayscale’s ETH and ETHE noticed outflows of $11.30 million and $6.22 million, respectively.

Meanwhile, China’s securities regulator has quietly urged domestic brokerages to halt their real-world asset (RWA) tokenization operations in Hong Kong, elevating crimson flags over the fast-growing digital belongings sector being cultivated offshore.
Quick FAQ
1. Why did crypto transfer in opposition to shares immediately?
The crypto market has decreased over the previous day, whereas the inventory market elevated on its earlier day of buying and selling, rising to report highs. By the closing time on Friday, the S&P 500 was up by 0.49%, the Nasdaq-100 elevated by 0.70%, and the Dow Jones Industrial Average rose 0.37%.
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China’s securities regulator is quietly urging home brokerages to halt their real-world asset (RWA) tokenization operations in Hong Kong.