TLDR
- Bitcoin price falls to $114,363 after breaking $115,000 support level
- Total cryptocurrency market cap drops $77 billion to $3.91 trillion
- Ethereum declines 1.6% while Dogecoin crashes 7.1% in broader selloff
- SPX6900 token plunges 12.8% as altcoins face heavy selling pressure
- Crypto Fear & Greed Index remains neutral at 52 amid market uncertainty
The cryptocurrency market experienced a sharp decline on September 22, 2025, with Bitcoin leading a broad-based selloff that erased $77 billion from the total market capitalization. The market now stands at $3.91 trillion, marking one of the largest single-day drops in recent weeks.
Bitcoin broke through the crucial $115,000 support level and is currently trading at $112,400. This represents a 0.6% decline over the past 24 hours. The break below this technical threshold has triggered concerns among analysts about potential further downside movement.
The world’s largest cryptocurrency now faces the next support zone at $112,500. A move to this level could force more investor positions into losses, potentially accelerating selling pressure across the market.
Ethereum followed Bitcoin’s weakness with a 8% drop during the same trading period. The second-largest digital asset by market value has struggled to maintain momentum as bearish sentiment spreads throughout the sector.
Altcoins Face Steeper Losses
Alternative cryptocurrencies experienced more severe declines than their larger counterparts. Dogecoin posted a sharp 7.1% retreat, while SPX6900 token saw one of the most dramatic falls at 12.8%. Solana also joined the selling wave as traders moved away from higher-risk positions.
The widespread nature of the decline suggests institutional and retail investors are reducing exposure to cryptocurrency assets. Market sentiment indicators show the Crypto Fear & Greed Index holding steady at 52, indicating neither extreme fear nor greed among participants.
Despite recent positive news, including $163 million in new U.S. Bitcoin ETF inflows, the market has been unable to sustain upward momentum. Traditional financial markets shifting into risk-off mode has contributed to reduced appetite for digital assets.
Technical Levels Under Watch
The total crypto market cap now approaches a critical test at $3.89 trillion support. Technical analysts view this level as important for determining whether current weakness extends or finds stabilization.
For Bitcoin specifically, reclaiming the $115,000 level would be necessary to reverse the current bearish momentum. A successful recovery above this point could target the $116,096 resistance zone.
Market structure remains vulnerable as long as Bitcoin trades below $115,000. The cryptocurrency needs to demonstrate buying interest at current levels to prevent a deeper correction toward $112,500.
Corporate adoption continues with Metaplanet’s recent $633 million Bitcoin purchase, adding 5,419 BTC to bring their total holdings to 25,555 BTC. However, this positive news has failed to offset broader market weakness.
Central banks signaling less accommodative monetary policies heading into the fourth quarter has created headwinds for risk assets including cryptocurrencies. This macro backdrop continues to influence trading decisions across digital asset markets.
The current price action suggests Bitcoin and the broader crypto market may face continued volatility as September concludes, with key support levels determining near-term direction.
