Hold onto your hats, folks! Bitcoin decided to play the ultimate “We’re going down!” game, tumbling from a heroic $115,600 to a less glamorous 12-day low of $112,000 – because who doesn’t love a little market drama? Of course, it tried to patch things up with a minor recovery, bless its digital heart.
Meanwhile, altcoins got together for a group therapy session called “How to Panic Sell Faster Than Bitcoin,” starring ETH, which nosedived right toward $4,000. Sorry, ETH, not your best day.
BTC’s Slapstick Slide to $112K
Last week, Bitcoin was the overachiever, bouncing from just under $115,000 to a dazzling $118,000 after the US Federal Reserve gave the economy a little interest rate haircut – which was about as surprising as a clown jumping out of a tiny car.
But like every great comedy, the good times didn’t last. Bitcoin decided to backpedal fast, wobbling like Buster Keaton on ice, managing to stay around $115,000-$116,000 all weekend. On Saturday night, it gave a gentle “no thanks” at $116,000 but held its chin up at $115,500 on Sunday.
Then Monday came around like a bad punchline. BTC flirted with $114,400 before belly-flopping to $112,000, the lowest it’s been since September 10 – cue the sad trombone. This dive sparked $1.7 billion in liquidations, proving that the crypto market loves a good mess. Bitcoin then did a tiny recovery shimmy to $112,700, still down 2.6%-because, why not?
Market cap dropped faster than my diet’s willpower to $2.245 trillion, but Bitcoin’s ego got a boost with dominance over altcoins hitting 56.4%. Sorry, alts, the big guy’s still boss.
Altcoins in a Freefall Fiasco
As for the altcoins? Oh boy. They’re doing their best impression of Humpty Dumpty-taking a big fall and wondering how to put the pieces back together. Ethereum got a good slap with a 6.4% drop, skating under $4,200 like a confused ballerina.
XRP slid into $2.8 territory, losing 5.4% like it forgot the tango steps. Solana, Cardano, Chainlink, Avalanche and a whole parade of others joined the chaos club, some dropping up to 8%. Meanwhile, DOGE, the dog that tried to fly, plunged double digits and now struggles to stay above $0.24 – such wow, very ouch.
All in all, the crypto market lost a whopping $150 billion since yesterday, leaving the total market cap well under $4 trillion. It’s like watching a soap opera where everyone just keeps losing their wallets.
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2025-09-22 13:30