What Happened in Crypto Market Today: Liquidations, ETF and Major News

Crypto Market Today: Bitcoin, Ethereum and Altcoins Face Pressure

The crypto market today is under pressure. Total value fell 2.07% to $2.85 trillion in 24 hours, and Bitcoin slid to $83,029, based on CoinMarketCap September 28 data.

A sharp Bitcoin drop wiped out crowded long bets, while war news and higher yields kept traders cautious. Here is what moved, what led, and what could come next.

The Crypto Market Today Slips 2.07% as Long Liquidations Hit $330M

Total market cap sits at $2.87T (-2.07%). Trading volume is $91.43B. The CoinMarketCap 20 Index lost 1.93% to $175.69. Sentiment held up, with the Fear & Greed Index at 65, still in the greed zone.

CoinMarketCap's market summary names two causes. First, long liquidations piled up after Bitcoin broke below $82,700. Second, the token failed to hold resistance near $87K, which set off profit-taking in large altcoins. The same summary shows a 95% link with gold, a sign of a shared macro move tied to geopolitical stress.

Major coins, 24-hour change:

• Bitcoin: $83,029.93 (-2.17%)

• Ethereum: $2,666.30 (-1.57%)

• BNB: $763.28 (-2.12%)

• Solana: $118.64 (-4.29%)

• XRP: $1.4924 (-2.97%)

Top gainers and trending: GreenHood $HOOD jumped more than 218%, KAIO over 84.3%, and Chintai $CHEX gained about 71%. Shuffle $SHFL and Quant also made the top five, per CoinGecko rankings.

Top losers: Quack $Q fell 45.5%, while Lobster, EDGE, and Nillion $NIL also lagged.

Liquidations: CoinGlass data shows about $330M wiped out across 107,013 traders. Longs lost $230.65M and shorts $99.53M. BTC took $79.24M, Ether $51.93M and XRP $16.05M.

Bitcoin and Ethereum Price: ETF Flows and Major News for Today

Bitcoin snapshot:

• Price: $83,329.93 (-2.17%)

• Market cap: $1.66T

• 24-hour volume: $31.87B

• Dominance: 58.5% (-1%)

• All-time high: $126,198 (October 2025)

The slide came in two steps. Bitcoin lost $84,000 early Monday, then $83,000 a few hours later, after a weekend test of $85,100. Reports link the drop to higher US Treasury yields and Iran tension, but that is a market explanation, not a proven single cause.

Fund demand stayed firm. US spot Bitcoin ETFs took in $2.386B last week, the most since October 2025, per SoSoValue. CoinMarketCap also shows a fresh $296.15M inflow.

Ethereum snapshot:

• Price: $2,678.30 (-1.57%)

• Market cap: $325.25B

• 24-hour volume: $12.71B

• Dominance: 11.4% (+0.18%)

Vitalik Buterin published a 2030 roadmap essay on September 27. It is called the Hegota upgrade, planned for 2027, possibly the last "normal" fork, and targets 4 to 8 second slots by 2030. 

ETH ETF recorded $86.95 million net inflow on September 25, while $689.8 million weekly inflows per SoSo Value data. 

Altcoin Market Today: Season Index, Dominance and Top Coin Now

Altcoins hold roughly $1.2T in value, based on the CoinMarketCap Altcoin Season Index chart. 

It reads at 65 out of 100 as of Sept 28. That leaves it below the 75 mark for a full altcoin season. Over 90 days, PONS leads the top 100 with +5,406%, followed by ZEC (+299%), ENA (+269%) and QNT (+266%).

Major Crypto News Today: Bitget Hack, Scam Alert and California Law

Bitget hack: About $380M to $387.5M was stolen on September 24. Attackers used a flaw in a third-party security product and stolen internal credentials. Private keys and cold wallets were not hit. Bitcoin withdrawals resumed September 28 at 08:00 UTC, and other assets returned in phases. Some stolen funds moved through THORChain, which sparked a public dispute over decentralization.

GIWA scam: The Upbit-backed Ethereum layer 2 says its mainnet has not launched. A fake network using Chain ID 9134 pulled in about 767.65 ETH from 1,335 addresses and drained about 766.25 ETH.

California law: Governor Gavin Newsom signed AB 2409, which bars officials from issuing meme coins and blocks listings that use an official's likeness.

Global liquidity: Combined M2 money supply of four major central banks hit a record $103.66T, up about $1T in August.

StarX Network launched STRX staking today with three options: 12% APY for 30 days, 18% for 90 days and 26% for 180 days. The minimum is 500 STRX. These rates are project claims, and the reward source is not explained.

What Could Shape the Crypto Market Next: Key Moves Ahead

Macro pressure remains the main driver. Markets price a 65% chance of a Fed hike in October. These dates matter most:

Sept 30: August PCE inflation report

Oct 1-2: ISM manufacturing PMI, then the US jobs report at 8:30 a.m. ET

Oct 14: Consumer Price Index release

Oct 27-28: Federal Reserve rate meeting

Nov 3: US midterm elections, which could decide the fate of the CLARITY Act

The full calendar is in this weekly events guide. Bitcoin needs to hold near $83,000 to keep the September rebound intact. Inflation data, more than headlines, will likely decide where the crypto market today goes next.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.