Ethereum (ETH) lost more than $3 billion in market capitalization within 24 hours, down from north of $543 billion on September 21 to approximately $506.85 billion on September 22.
At the time of writing, cryptocurrency is down 6.11% daily and nearly 7% on the weekly chart.
The losses far from isolated incidents have come as the global crypto age market cap fell to $3.89 trillion, and bullish positions above $1.5 billion have been liquidated from the recent peak of more than $4 trillion.
Bitcoin (BTC) also fell by about 3%, below $113,000, but Altcoins was a huge hit by shaking its $100 million market value overnight with XRP.
The meme coins have even seen sudden losses as Doge Coin (doge), Shinobu (shibu) and Pepe (pepe) all fell by more than 10%, and despite their recent record exchange trade fund (ETF) debut, Elon Musk’s favorite code fell 14% a week.
Crypto Market Feelings
The crash is primarily the result of changing global monetary policy. Recent Fed rate cuts have resulted in short rallies, but slightly stiff US dollars and new global market unrest created a lot of sales pressure, leading to higher Treasury and gold gatherings in the process.
Furthermore, investor sentiment has also deteriorated sharply, with indicators of fear and greed temporarily slipping into the “fear” territory at 45 compared to last week’s 53 (“neutral”). The score then updated concerns that always exist as a month of debilitating debilitating about September.
Currently, the market appears to be focused primarily on the Fed, inflation data and Bitcoin. Most notably, Fed Chairman Jerome Powell will be talking to nine other officials this week, with future cuts potentially rising to the table.
But everything is not optimistic. For example, analyst Ted Pillows believes that if the stock is not delivered, the “dump continues.”
$BTC started again this week with dumps.
Normally, Bitcoin will be the bottom the next day, but this time, as I said before, it looks weak.
All eyes are currently in stocks. If they show weakness, the dump continues. pic.twitter.com/g3yula5tdf
– Ted (@tedpillows) September 22, 2025
He also compares Bitcoin to gold and claims that while precious metals are bent, the world’s biggest codes struggle to “seem weak.”
Featured Images via ShutterStock
