#MarketPullback

The cryptocurrency market is experiencing a significant downturn today, September 22, 2025, with a broad sell-off leading to substantial losses across major assets. The global market capitalization has dropped to around $3.89 trillion.

Here is a summary of how major cryptocurrencies are performing.

Cryptocurrency Approximate Price 24-Hour Change Key Details / Context

Bitcoin (BTC) $112,800 -3% Fell below $113,000; key support level seen at $110,000.

Ethereum (ETH) $4,150 - $4,190 -7% Tested its lowest level in over a month.

BNB $1,024 -3% (from high of $1,054) Recently hit an all-time high; facing regulatory news.

XRP $2.76 -6% Reached a three-week low.

Solana (SOL) Not Specified -7% Significant drop with the broader altcoin market.

Cardano (ADA) Not Specified -9% Among the worst-performing major altcoins today.

Dogecoin (DOGE) Not Specified -11% to -14% Meme coins were hit particularly hard.

📉 What's Driving the Sell-Off?

The downturn appears to be driven by a combination of technical and macroeconomic factors:

· Macroeconomic Pressures: Rising U.S. bond yields are making safer investments more attractive, pulling capital away from riskier assets like cryptocurrencies. Additionally, the initial optimism from the recent Federal Reserve rate cut has faded as officials signaled a cautious approach towards future cuts.

· A Major Options Expiry: There is a historically large $23 billion in Bitcoin and Ethereum options contracts set to expire this Friday. This "Triple Witching" event is causing traders to adjust positions, creating significant market volatility and a risk of further profit-taking.

· Massive Liquidations: The sharp price moves have triggered massive liquidations. In the last 24 hours, over $1.7 billion in leveraged positions have been liquidated, predominantly long bets, which has worsened the downward spiral.

💡 What to Watch Next

· Critical Support Levels: The $110,000 level for Bitcoin is a crucial psychological and technical support.