Crypto Price Today (September 22): Bitcoin Dips Below $113K, Market Sees Widespread Correction

The entire cryptocurrency market is experiencing a significant downturn in the last 24 hours, with its total market value falling to $3.89 trillion. The trading volume remains high at $203.41 billion, indicating a period of high selling pressure and volatility. Bitcoin dominance currently stands at 57.7%, while Ethereum holds 13.0% of the market share, showing a slight consolidation of capital into Bitcoin amidst the uncertainty.

Bitcoin (BTC) fell 2.65% to trade below the key support level, priced at about $112,667 . The correction was more severe for Ethereum (ETH), which dropped 6.40% to trade at approximately $4,187. The downturn was felt across the board, with most major altcoins seeing substantial losses.

Crypto Price Performance of Top 10

Bitcoin (BTC)

Bitcoin is trading at $112,667.25, registering a 24-hour drop of 2.65%. Trading volume stands at $54.78B.

Ethereum (ETH)

Ethereum is trading at $4,187.05, registering a 24-hour drop of 6.40%. Trading volume stands at $49.71B.

XRP (XRP)

XRP is trading at $2.84, registering a 24-hour drop of 4.71%. Trading volume stands at $8.25B.

BNB (BNB)

BNB is trading at $1,017.18, with a 24-hour drop of 3.32%. Trading volume is at $4.35B.

Solana (SOL)

Solana is priced at $222.39, registering a 24-hour drop of 7.22%. Trading volume is strong at $9.71B.

Dogecoin (DOGE)

Dogecoin is trading at $0.2403, recording a steep 24-hour drop of 10.00%. Trading volume is at $5.12B.

TRON (TRX)

The TRON price is at $0.3402, marking a 24-hour drop of 0.30%, with a trading volume of $1.16B.

Cardano (ADA)

Cardano is trading at $0.8272, registering a 24-hour drop of 6.78% with a trading volume of $2.23B.

Hyperliquid (HYPE)

Hyperliquid is trading at $49.09, marking a 24-hour drop of 6.89% with a trading volume of $572.98M.

Chainlink (LINK)

Chainlink is trading at $21.43, recording a 24-hour drop of 7.52% with a trading volume of $1.28B.

Most Trending Cryptos Today

The top trending coins in the last 24 hours, according to CoinMarketCap, shows both gains and losses: Avantis (AVNT) is trading at $2.12, which rose by 6.61% in the last 24-hours; Giggle Fund (GIGGLE) is at $34.43, down by 1,08% in the last hour, although 42.8% up in the last hour; OFFICIAL TRUMP (TRUMP) is at $7.69, which dropped by 8.55%; and Ark of Panda (AOP) is at $0.04860, which fell by a sharp 15.01%.

Market Sentiment and Institutional Flows

The Fear and Greed Index stands at 47, indicating a Neutral mood that is leaning towards fear as prices fall. The Altcoin Season Index has decreased slightly to 62, which still suggests that other altcoins may have a performance advantage over Bitcoin, despite recent losses. Reflecting the broad downturn, the CoinMarketCap 20 Index is down 3.8%.

Crypto Market Overview: Source: CoinMarketCap

The market is in a corrective phase, with significant selling pressure wiping out recent gains across the top cryptocurrencies, since the volatility is creating these movements. Bitcoin’s drop below the $113K level is a key indicator for traders, who are now watching to see if new support levels will hold. 

The “Neutral” Fear and Greed Index reading of 47 reinforces this isn’t a panic sell-off, but rather a period of decisive reallocation. The few trending coins in the green highlight that speculative opportunities still exist, since the health of the market can’t be judged by Bitcoin’s price alone, even though the flow of capital between Bitcoin, altcoins, and speculative assets provides a clearer picture of shifting investor confidence.

Also read: Strategy Acquires Additional 850 Bitcoin, Total Holdings Reach 639,835 

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