Latest Crypto Market News Today, September 24: Downtrend Not Done, The Dip Keeps on Dipping, Total Market Cap Below $4T as BTC, XRP, ETH Slump VS USD
BY
Ben Graham
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Today, the majority of crypto news is being dominated by BTC and ETH, which continue to flash red against USD as September lives up to its brutal reputation. BTC is currently trading near $112,000, slipping 1.4% on the day, while ETH USD holds just under $4,200, barely avoiding a deeper flush.
The broader slump has dragged the total crypto market cap below $4 trillion, down between 1% and 4% in the past 24 hours alone. This dip is a structural unwind.
(source – Crypto Market Cap, CoinGecko)
According to CoinGlass, liquidations have hit a staggering $1.6 billion, wiping out a lot of traders. While trading volume still ranges between $164 billion and $190 billion, desperate repositioning. This pattern is usually a sign of a downtrend that is far from over.
(source – Liquidation, Coinglass)
DISCOVER: 9+ Best Memecoin to Buy in 2025
BTC USD and ETH USD: More Pain Before the Pivot?
BTC USD is testing key support levels. The 1% 24-hour drop (and nearly 4% weekly decline) is backed by a sharp decrease in open interest—over $1.5 billion in longs wiped out. This heavy selling pressure is consistent with macro jitters, especially the Fed’s hawkish stance on maintaining interest rates at 4.00%. If this pressure holds, expect
BTC ▼-0.80% to fall to $107,000 before finding meaningful support.
ETH is faring worse in percentage terms, down by almost 10% weekly against USD. DeFi is bleeding. Data from DefiLlama shows TVL dipping 1.73% to $88 billion, with protocols like Pendle falling over 4%.
(source – ETH TVL, Defillama)
This signals a price weakness and collapsing onchain liquidity. Given ETF outflows and scheduled token unlocks,
ETH ▼-3.38% could revisit $3,900 levels before the next catalyst, Fusaka upgrades.
Meanwhile,
XRP ▼-1.04% is holding above $2.88, a 5% drop weekly after it stood strong above $3. 
SOL ▼-2.81% has plunged 11%, and most altcoins are following suit. Interestingly, 
BNB ▼-3.13% is up 6%blasting ath(all-time high) after ath. It shows how strong Binance and CZ influence are in the crypto space.
DISCOVER: 10+ Next Crypto to 100X In 2025
Crypto News Sentiment: Fear and Historic Patterns
Right now, the space is firmly in “fear” territory on sentiment indices. Historical averages show that BTC USD typically dropped around 4.5% in September, and this year is playing out on cue. ETH and BTC are trading at cycle lows not seen since 2021. Capitulation might be far from complete.
(source – Crypto Fear and Greed)
However, there are signs of quiet accumulation. Institutional flows into BTC ETFs totaled $222 million last week. Plus, Friday’s $23 billion options expiry could trigger whiplash volatility. If history holds, October could bring a sharp rebound. Uptober is just a week away.
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Solana Bulls in Despair: OI Drops as SOL USD Tumbles – Will SOL Recover?
SOL USD has tumbled a further 3.5% overnight, following a seven-day stretch that has seen Solana fall by 10%. SOL is now trading for $211 and has been losing ground rapidly due to the strength of the BNB Smart Chain (BSC) ecosystem. Utility tokens on BSC, such as ASTER, STBL, and APX, have been performing well, while the Solana memecoin ecosystem has been struggling.
The run from $160 to $250 for SOL through August and September was primarily driven by the strength of PUMP
PUMP ▲0.00%, which itself increased by over 300% within the past two months. However, a retracement on PUMP, coupled with a crash throughout its memecoin ecosystem, has caused SOL USD to slip close to $200 once more.
Read the full story here.
Europe’s Crypto Head Hunters Bring Down $100M Crypto Scam Operation in 23 Countries
A pan-European crypto scam worth over €100M ($118M) has been broken up, according to Eurojust. Fraudsters lured investors through subtle, nefarious platforms, rerouted their money to Lithuanian accounts, and vanished once withdrawals were requested.
My plan at the start of 2025 was to flee to Central Europe, what could go wrong? Apparently, this is one of the many things that could go wrong.
The fraud had been active since at least 2018 and had spread to Germany, France, Italy, Spain, and beyond.
Read the full story here.
FLUID Crypto +60% on Upbit Listing: Is Fluid The Best Crypto to Buy Now?
Fluid crypto exploded with a 63% pump in 24 hours of its Upbit debut, as expected, as the exchange draws intense attention from Korean markets. The Fluid Upbit listing catapulted trading volumes to more than $100 million just today. With the market growing in the DeFi space and the Fluid token price hovering around $8, people are calling it the best crypto to buy now, with the momentum in the early phase.
(source – CoinGecko)
Post-listing, Fluid saw open interest rise sharply. Coinglass data showed significant inflows matching historical patterns of other successful crypto listings. Fluid Upbit pairs (KRW, USDT, and BTC) are those with the most active pairs within hours, which catalyzes the current pump.
According to DefiLlama, its total value locked (TVL) recently broke $1.5 billion, climbing steadily over the past few months.
(source – Defillama)
Some compare Fluid to earlier-stage DeFi giants like Aave, pointing to stronger LTV ratios and a more efficient capital use model. Add to that a governance token with real utility and staking mechanics, and it comes with something more than just a hype, speculative pump. People even mentioned nearly $10 million in revenue-sharing and buybacks, a perfect metric for long-term plays.
(source – TradingView)
DISCOVER: 9+ Best Memecoin to Buy in 2025
Read the full story here.
Trump Crypto Projects Plummet: New Presale to Buy For Real Gains?
The quest for a new presale to buy is gaining urgency as Trump-linked crypto projects like WLFI, Melania, and TRUMP face sell-offs. These tokens once promised politically backed breakthroughs; now they’re bleeding under pressure, and investor FUD is rampant. Are any of them salvageable, or is the real upside hidden in fresh launches elsewhere?
Read the full story here.
The post Latest Crypto Market News Today, September 24: Downtrend Not Done, The Dip Keeps on Dipping, Total Market Cap Below $4T as BTC, XRP, ETH Slump VS USD appeared first on 99Bitcoins.