BITCOIN BATTLES AT $112K CRITICAL SUPPORT - MEME COINS BLEEDING OUT: WHICH ONES ARE WORTH BUYING NOW?
Bitcoin's brutal showdown at the $112,000 support level sends shockwaves through crypto markets as meme coins hemorrhage value.
MARKET MAYHEM
Traders watch Bitcoin's knife-edge battle unfold - holding $112,000 means bullish continuation, losing it triggers potential cascade. The entire altcoin complex holds its breath.
MEME COIN MASSACRE
Speculative tokens bleed out while Bitcoin fights for dominance. Retail investors face brutal reckoning as leverage gets liquidated across decentralized exchanges.
OPPORTUNITY OR TRAP?
Seasoned accumulators eye battered meme coins with contrarian appetite. The classic crypto dilemma: buying blood in streets versus catching falling knives. Traditional finance guys still think we're gambling with monkey jpegs - their loss when the next cycle ignites.
BTC ▲0.45% trades at $113,063, after briefly touching $111,500 earlier in the session. With September living up to its “Red September” curse, altcoins are taking heavy losses, and meme coins are among the hardest hit. Dogecoin
DOGE ▲1.53%, Shiba Inu
SHIB ▲1.41%, and other top names have dropped between 10% and 20% in the last 24 hours, leaving traders scanning the charts for recovery plays.
Some traders are eyeing Bonk: after falling into oversold territory, it is starting to attract attention as one of the best meme coins to buy during the dip.
But let’s see what this last week of September has in store for us.
Last Red Week Before “Uptober”?
Traders are on the edge as the final week of September begins. Bitcoin is now less than 4% away from closing another down month in what is historically its weakest period. After sliding from $115K, BTC retested $111,500 before bouncing back above $113K. Analysts warn that if the $112K level fails, BTC could slide toward $108K or even $100K.
With volatility guaranteed, the key question remains: will bitcoin manage to survive “Red September,” or will we need to wait for “Uptober” to bring relief?
Historically, October has been one of Bitcoin’s strongest months, with positive returns in most years. That seasonal pattern is fueling hope that Q4 could bring a turnaround, even if September ends in the red.
Uptober is approaching
pic.twitter.com/bpv87mxag5
— zubic (@zubic_eth) September 23, 2025
Best Meme Coins to Buy: Is Bonk Oversold or a Breakout Opportunity?
The broader downturn has put meme coins under extreme pressure. Dogecoin and shiba inu lost double digits, but BONK is now showing early signs of resilience. Technicals indicate that BONK has entered an oversold zone, with Relative Strength Index (RSI) readings suggesting a potential bounce. Traders are beginning to speculate that BONK could emerge as one of the best meme coins to buy ahead of a recovery.
BONK is testing strong daily support near 0.00001969. If buyers defend, a rebound toward 0.00003 is likely; failure could trigger deeper downside. Watch volume and RSI for confirmation. And of course, Bitcoin price action.
Added some more $BONK
Deeply oversold on the 4 hour
In the liquidity demand zone
Retest of the breakout trend line holding
0.00002 support level held post the $2B in liquidations pic.twitter.com/JQqjt7nhR1
— Kadense Pengu°
(@iamkadense) September 23, 2025
Adding fuel to that narrative is BONK’s expanding ecosystem. The project is aiming to become a leading launchpad in the U.S., with upcoming features including a streaming platform and innovative token mechanics that could set it apart from other meme-based tokens. If successful, BONK may transform from speculative HYPE into a more sustainable platform play.
For now, the spotlight stays on Bitcoin’s $112K support zone. If it holds, the path toward “Uptober” remains intact. If not, the final week of September could test even the most seasoned crypto traders’ patience.
43 minutes ago
XRP Price Drops Below $2.85 as ETF Hopes and 401(k) Access Loom
Institutional crypto companies are all in on the XRP price. Dare we say based? XRP’s run topped out at $3.50 earlier this month before sliding to $2.6935 on September 22, its lowest since July. The drop marks five straight days of losses, even with rate cuts and ETF speculation in the backdrop.
Meanwhile, technical indicators are tilting bearish for XRP. The 200-day SMA hangs above $2.99, RSI sits in the 40s, and a head-and-shoulders pattern forms with a neckline at $2.85. A clean break could drag prices toward $2.70.
Key level being retested… hold the higher low here, and $BTC likely pushes for $120,000 next,” trader Jelle noted, pointing to Bitcoin’s role in steering sentiment across majors.
CZ’s YZi Labs Eyes External Investors as $10B Crypto Fund Considers Public Move
Binance co-founder Changpeng “CZ” Zhao’s $10 billion investment arm, YZi Labs, is considering opening its fund to external capital and potentially converting into a public investment vehicle. Ella Zhang, head of YZi Labs, says investor interest is strong but emphasizes that the firm is still not ready for full external access.
Spun out of Binance in early 2025, YZi Labs already holds about 70% of its portfolio in digital assets. It accepted around $300 million in external funding back in 2022, although parts of that capital were later returned. Regulatory interest is increasing: SEC Chair Paul Atkins requested a private demo after missing YZi’s demo day at the New York Stock Exchange.
While its expansion into AI and biotech teams continues, Zhang says the firm must first build internal expertise and infrastructure before offering external access.
