Top Story
Bitcoin and Ethereum led a broad crypto selloff over the last 24 hours. Bitcoin fell 2.71% to $84,121 on $36.3B in volume, while Ethereum dropped 2.52% to $2,686 on $22.7B.
The decline followed a pullback in risk assets as bond yields rose and the Nasdaq weakened. The move came despite strong institutional demand, with a Bitcoin ETF tracker recording 8.25K BTC of net inflows on September 23.
The market reaction was broad. XRP fell 6.59%, Solana lost 3.44%, and Dogecoin dropped 7.08%. DeFi and meme tokens saw heavier selling, with Uniswap down 11.16% on $1.7B in volume.
Derivatives positioning remained orderly rather than panicked. Bitcoin open interest fell 0.55% to $57.50B, while Ethereum open interest rose 0.80% to $35.19B. Funding rates stayed positive but moderate, and verified liquidation totals were unavailable.
Major Price Moves
Market Overview
The top two coins by market cap moved lower. Bitcoin traded at $84,121.125358, down 2.71% in 24 hours on $36.3B in volume. Ethereum traded at $2,686.714029, down 2.52% on $22.7B.
Top 10 Gainers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| ZFORGE — ZECFORGE.tech | $0.023717 | 97,795.53% | $335.3M | |
| ALEO — ALEO | $0.032783 | 87.55% | $15.2M | |
| GP — RuneScape Gold | $0.025088 | 63.37% | $19.7M | |
| NOM — Nomina | $0.002660 | 50.57% | $103.3M | |
| GNOT — Gno.land | $0.089450 | 44.16% | $7.3M | |
| NIL — Nillion | $0.129226 | 21.72% | $162.1M | |
| NEON — Neon | $0.064381 | 21.42% | $11.1M | |
| LSK — Lisk | $0.385707 | 21.26% | $198.6M | |
| RAY — Raydium | $2.103300 | 16.06% | $175.8M | |
| CELR — Celer Network | $0.003408 | 15.72% | $12.8M |
ALEO had no confirmed listing, partnership, unlock, hack, or official announcement explaining its 87.55% rise. The move was recorded on $15.2M in volume. ZECFORGE.tech also had no confirmed catalyst, while its extreme gain occurred in a thin-liquidity market.
Top 10 Losers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| SPX — SPX6900 | $0.4334 | -16.35% | $35.2M | |
| MHA — Magic Hash | $0.0208 | -15.65% | $876.0K | |
| ARB — Arbitrum | $0.2175 | -13.29% | $624.6M | |
| AI — Artificial Inu | $0.2344 | -12.99% | $14.1M | |
| WSTX — Wrapped STX (Velar)) | $0.3109 | -12.38% | $359.6 | |
| PEPE — Pepe | $0.0000043982 | -11.46% | $540.7M | |
| AKE — Akedo | $0.0406 | -11.38% | $24.3M | |
| UNI — Uniswap | $9.2903 | -11.16% | $1.71B | |
| BONK — Bonk | $0.0000035815 | -11.11% | $146.3M | |
| TRUMP — Official Trump | $2.0144 | -10.92% | $414.5M |
Arbitrum faced reported supply pressure from a scheduled unlock around September 23. Available trackers gave different estimates for the release, so the exact amount is unconfirmed. SPX6900 was linked to high-volume distribution and deleveraging, while no confirmed catalyst was found for Magic Hash.
Top 20 by Market Cap
| Rank | Coin | Price | 24h % | 24h Volume | |
|---|---|---|---|---|---|
| 1 | Bitcoin | $84,121.125358 | -2.71% | $36.3B | |
| 2 | Ethereum | $2,686.714029 | -2.52% | $22.7B | |
| 3 | Tether | $0.999822 | 0.01% | $77.3B | |
| 4 | BNB | $772.729421 | -2.17% | $820.0M | |
| 5 | XRP | $1.502536 | -6.59% | $6.5B | |
| 6 | USDC | $0.999865 | — | $20.8B | |
| 7 | Solana | $114.818120 | -3.44% | $4.9B | |
| 8 | TRON | $0.343200 | -0.24% | $348.1M | |
| 9 | Lido Staked Ether | $2,686.101989 | -2.38% | $15.2M | |
| 10 | Zcash | $1,518.039907 | -6.25% | $5.0B | |
| 11 | Hyperliquid | $92.501298 | -4.78% | $1.1B | |
| 12 | Dogecoin | $0.094448 | -7.08% | $2.6B | |
| 13 | Wrapped stETH | $3,342.037171 | -2.49% | $3.5M | |
| 14 | Monero | $559.648591 | -3.53% | $115.9M | |
| 15 | WhiteBIT Coin | $84.574768 | -2.81% | $40.9M | |
| 16 | Wrapped Beacon ETH | $2,967.618127 | -2.37% | $4.9M | |
| 17 | Wrapped Bitcoin | $84,124.229957 | -2.64% | $187.4M | |
| 18 | USDS | $1.000010 | — | $149.5M | |
| 19 | Chainlink | $12.417383 | -4.58% | $689.6M | |
| 20 | Binance Bridged USDT (BNB Smart Chain)) | $0.999821 | 0.01% | $726.5M |
Other Key Events
Neutron governance attack drained $9.4 million
A reported governance attack on Neutron drained approximately $9.4 million after an attacker used a small token purchase to influence a vote. Funds moved across Neutron, Cosmos Hub, Noble, Axelar, dYdX, Osmosis, and Ethereum addresses.
Cosmos Hub halted block production for nearly 25 hours before restarting on September 23. The network said it was not exploited and that no Cosmos Hub funds were affected.
Institutional demand met rising macro pressure
Bitcoin ETF activity remained a major market theme. Gate’s tracker recorded 8.25K BTC in net inflows on September 23, alongside $3.73B in daily trading volume and $107.85B in total assets.
The positive flow data contrasted with higher bond yields and a weaker Nasdaq. Social-media sentiment stayed bullish but risk-aware, with traders also discussing roughly $545 million in reported liquidations. Those liquidation figures were social-media claims, not verified aggregate exchange data.
In Brief
- The SEC was reported to be reviewing a proposed rule test for options on crypto ETFs, with a September 27 deadline cited for filing SR-ISE-2026-42.
- Blockchain.com and NYSE announced plans related to access to tokenized U.S. stocks and ETFs.
- Galaxy added $100 million of Sky’s sUSDS to its treasury and bought SKY tokens, according to The Block.
- MoonPay agreed to acquire SEC-registered North Capital in a $60 million all-stock transaction.
- Hut 8 won bidding for Poolin’s Texas data centers with a $140 million offer.
What to Watch
- Bitcoin is near the $84,000 area after its 2.71% decline. A break below that level would increase pressure on large-cap assets.
- The September 27 deadline for the proposed crypto ETF options rule test could produce a regulatory update.
- Arbitrum remains exposed to reported unlock-related supply pressure after its 13.29% fall.
- Uniswap needs to stabilize after an 11.16% drop on $1.7B in volume, the heaviest volume among the major decliners.
- Bitcoin ETF flow data and bond yields will show whether institutional demand can offset the current macro pressure.