gamers girlfriend
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Right now, the crypto market on Binance (and not only there) is painted red - and the key reason for this is massive sell-offs and panic. Here’s what’s happening:
Main reasons for the crash
1. Delisting of three tokens: BAKE, HIFI, and SLF
The announcement that Binance will remove BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) from trading on September 17, 2025, triggered an immediate and sharp sell-off of these tokens. This intensified the overall mood of fear and capital outflow not only for them but also across the wider ecosystem.
2. Sharp decline of leaders - amid overall negativity
According to Binance Square, Ethereum has lost about 7.59%, Bitcoin - 2.90%, Solana - 9.46%. XRP and BNB have also gone down by 4-5%. This reflects the overall weakness of the market - large capitalizations are going down, pressuring the entire sector.
3. Historically unfavorable September
September is traditionally considered a weak month for the crypto market, the so-called "Red September," when sharp crashes and panic sales occur. This trend is confirmed by market participants.
Main reasons for the crash
1. Delisting of three tokens: BAKE, HIFI, and SLF
The announcement that Binance will remove BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF) from trading on September 17, 2025, triggered an immediate and sharp sell-off of these tokens. This intensified the overall mood of fear and capital outflow not only for them but also across the wider ecosystem.
2. Sharp decline of leaders - amid overall negativity
According to Binance Square, Ethereum has lost about 7.59%, Bitcoin - 2.90%, Solana - 9.46%. XRP and BNB have also gone down by 4-5%. This reflects the overall weakness of the market - large capitalizations are going down, pressuring the entire sector.
3. Historically unfavorable September
September is traditionally considered a weak month for the crypto market, the so-called "Red September," when sharp crashes and panic sales occur. This trend is confirmed by market participants.
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