Crypto Bloodbath September 26: Plasma (XPL), ASTER, Avantis (AVNT), and STPL Tumble While BTC and ETH Remain Trapped in Bear Territory
Digital assets face another brutal correction cycle as major altcoins plunge amidst stagnant Bitcoin and Ethereum performance.
Altcoins Take the Hit
Plasma (XPL), ASTER, Avantis (AVNT), and STBL all witness significant price corrections as market volatility intensifies. The downward spiral highlights the sector's fragility when flagship cryptocurrencies fail to provide stability.
BTC and ETH Stagnation
Bitcoin and Ethereum pairs continue trading in what analysts describe as 'hell territory' - a prolonged period of sideways movement with minimal volatility. The lack of momentum from market leaders creates a vacuum that amplifies altcoin losses.
Traders scramble for cover while institutional players shrug - another Tuesday in crypto land where 'correction' is just a fancy word for portfolio hemorrhage.
(source – XPL/USD, TradingView)
On social media, especially Twitter, the sentiment is bumping up. Posts about ASTER are wildly climbing by 190% weekly. From fuds to people posting bullish tweets, ASTER is just everywhere, thanks to CZ, Binance Founder’s involvement. People are calling it the next big perp DEX, with a growing comparison to Hyperliquid.
(source – ASTER/USD, TradingView)
Meanwhile, XPL is being praised for its zero-fee stablecoin transfers and actual use cases, as well as Tether’s backing. That matters in a market where ETH and BTC can’t seem to catch a break, slumping still against USD.
BitcoinPriceMarket CapBTC$2.19T24h7d30d1yAll time
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ASTER and XPL USD Pairs Catch Fire as BTC and ETH Stumble
Despite the weakness inBTC ▼-1.82% and
ETH ▼-2.49%, tokens like ASTER and XPL are gaining traction where it counts. According to CoinGlass, open interest in ASTER USD has exploded to more than $1 billion.
(source – ASTER/USD Open Interest, Coinglass)
Meanwhile DeFiLlama reports that it’s already racking up serious perp volume, even blasting above Hyperliquid with $100 billion this week alone. These while XPL attracting over 1 billion USD in bridged assets.
(source – Aster, Perp volume, Defillama)
The numbers show that crypto traders are rotating their USD stablecoins out of the old names and into whatever’s showing life, and lately, that’s been ASTER, XPL, AVNT, and STBL.
STBL, currently priced around $0.46, has doubled this week. Backed by a $100M minting plan and backed by Tether’s CEO, it is racking up its legitimacy.
People starting to realize… $STBL is only $400M MC and has the backing of a Tether co-founder. The math writes itself.
https://t.co/WtSXzyzNIH pic.twitter.com/K11ZlSteuq
— Raeo (@RaEoBTC) September 25, 2025
AVNT, Avantis, is following a similar path. Even after a 19% correction today, it’s up 45% over the week, trading just above 1.5 USD. With RWA perps and institutional players sniffing around, AVNT USD has become one to watch.
So while BTC USD and ETH USD pairs are dragging, the market is still alive.`
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3 minutes ago
Why Did Crypto Just Dropped? Bitcoin Broke Key Resistance Level
Bitcoin just broke key resistance and crashed, right after the $1.7 billion total crypto liquidation four days ago, followed by another crypto liquidation clocking at $1.12 billion.
However, ETH is leading the liquidation numbers with $425M long liquidations over the $272M BTC. More than 250.000 traders were liquidated, with the largest single liquidation happening on Hyperliquid, an ETH-USD pair with a value of $29.12 million.
Is this going to be the bottom that traders are looking for in October, or is this the start of the bear market?
Let’s find out.
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