Crypto Market Recap: Volatility Strikes on September 23, 2025

In this crypto market recap, the cryptocurrency landscape experienced a sharp correction over the past 24 hours, with total market capitalization dipping 3-5% to below $4 trillion, from around $4.1 trillion to $3.89-3.97 trillion.

Crypto Market Recap: Sep 23, 2025

Bitcoin (BTC) fell about 2.5% to $112,890, while Ethereum (ETH) dropped 6.2% to $4,196. This downturn, fueled by global risk-off sentiment post-Fed rate cuts and ETF capital shifts, led to $1.7 billion in liquidations, primarily long positions.

Despite the dip, institutional inflows hit $1.9 billion last week, boosting assets under management to a record $40.4 billion, led by BTC ($977 million) and ETH ($772 million). However, U.S. spot Bitcoin ETFs saw $51 million in net outflows.

$BTC’s price

Key Highlights in Crypto Market Recap

• Massive Liquidations and Price Swings: Over $1 billion in long positions liquidated in just 30 minutes, triggering a “crypto crash.” $BTC hit a low of $112,500, $ETH below $4,200, and $SOL to $221. The altcoin season index fell from 100 to 67, signaling stablecoin and BTC dominance.

• Institutional BTC Accumulation: Japan’s Metaplanet added 5,419 BTC worth $632.5 million, raising its holdings to over 25,500 BTC ($2.7 billion), ranking it fifth among public holders. MicroStrategy’s Michael Saylor hinted at more buys with his “Orange Dots” comment.

• Stablecoin Expansions: Tether launched USAT to bolster U.S. presence. In Bolivia, brands like Toyota and Yamaha accept USDT amid USD shortages. Ethena’s USDe supply surged $65 million in a week, while Kaia and LINE NEXT introduced an Asian super-app for payments and remittances.

Meme Coin Highlights

• $TROLL (TROLL): Solana meme leader dipped to $90M MC, accumulating for a 400-800M surge; volatile growth potential.
• $TDOG (DOGECOIN ETF): Dogecoin ETF-themed meme launched with $17M volume, whale-driven 24% surge; high volatility.
• $CANCER (HELP ME BEAT CANCER): Viral charity meme with 151x growth to $11M in days; emotional narrative, crash risks.
• $GIGGLE (Giggle Fund): BNB charity meme donating to academy, 35x potential to $1B; utility-focused hype.
• $MORI (Mori Survival): AI idol survival meme needing SOL, 12x rapid pumps; high volatility limits.
• $TISM (This is a special memecoin): Special memecoin in uptrend, 38x growth with listings; sustainable volume.
• $ASTER (Aster): CZ-backed DEX token, 1789% weekly growth to $1.50; extreme volatility.
• $MAMMALTOn (CRAIG MAMMALTOn): Craig-themed meme with quick 3x pumps, $4M volume; high risk dumps.
• $CPMM (1 coin can change your life): Life-changing narrative meme, steady growth potential; limited hype, volatility.
• $Tokyo (Project Tokyo): Solana project meme, recent pump to $757K MC; viral dips possible.

Regulatory and DeFi Developments

The EU approved a digital euro roadmap, empowering finance ministers on launch timing and holding limits. Spot XRP and DOGE ETFs debuted with $55 million in volume.

In DeFi, Vitalik Buterin urged focus on low-risk applications like payments and lending over memecoins. CoreWeave, a former crypto miner, hit a $50 billion valuation via AI pivots.

SkyBridge’s Scaramucci invested $550 million in Avalanche tokens, and crypto neo-bank Shield raised $5 million.

Token Spotlights and Security Notes

• ASTER topped $BTC in Hyperliquid perpetual volume with a $15 billion FDV before correcting, while AVNT hit $2.6 on Base.
• Trump-linked $WLFI plummeted post-launch.
• Crypto.com reported a staff account hack with limited data exposure but no fund losses.
• Arthur Hayes profited $823,000 from selling $HYPE tokens.
• Gold’s $ATH weekly close suggests potential coexistence with $BTC in central bank reserves.

Overall, this crypto market recap highlights short-term volatility amid long-term bullish signals from institutions and regulations.

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source https://blog.mevx.io/news/crypto-market-recap-strikes-on-september-23-2025