Bitcoin Hits $113K Wall While ASTER Surges Double Digits: Crypto Market Update
Bitcoin's bull run slams into resistance at the $113,000 level as traders take profits amid overheated conditions. Meanwhile, ASTER defies market gravity with a double-digit percentage surge that's turning heads across crypto exchanges.
Market Dynamics Shift
The crypto king's pause at psychological resistance reveals underlying market tension. Institutional players hover on the sidelines while retail traders chase the next big mover. ASTER's unexpected pump demonstrates how altcoins continue to capture attention when Bitcoin consolidates.
Trading Floor Reality Check
Volume patterns suggest this isn't another blow-off top—yet. The market digests recent gains while DeFi protocols and NFT markets show mixed signals. Traditional finance analysts still can't decide whether crypto's volatility is a feature or a bug, but their 9-to-5 trading windows certainly miss the action.
As always in crypto, today's resistance level becomes tomorrow's support—until it doesn't. The only certainty remains the industry's ability to make traditional finance look like it's moving in slow motion.
Another Volatile Day for BTC
Bitcoin’s price has been shaky throughout the past 24 hours. Yesterday (September 23), it surpassed $113,000, but that uptick was short-lived and gave way by another correction, which took the asset to as low as $111,400.
The pullback followed comments from Fed Chairman Jerome Powell, who shared some worrying details about the American economy, including weakness in the labor market. He also claimed that the prices of stocks and other assets appear “fairly highly valued.”
The bulls, though, stopped BTC’s free fall and pushed the price to just south of $113,000. Over the past few hours, there has been another slight retreat, and as of press time, the asset trades at approximately $112,400.
Bitcoin’s market capitalization holds steady at roughly $2.24 trillion, nearly unchanged from yesterday, while its dominance over the altcoins stands at 56.16%.
These Alts Head North
The majority of the well-known altcoins have followed BTC’s steps and also posted losses over the past day. Ethereum (ETH) slipped 1% to under $4,200, Solana (SOL) is down 4% to $210, whereas Hyperliquid (HYPE) nosedived by 10% and is currently trading below $44.
However, it’s not all doom and gloom, as some are at the forefront of gains. ASTER – the cryptocurrency of the recently-launched decentralized exchange for trading perpetual futures contracts Aster – has exploded by 40% and is now worth around $2.33, while Immutable (X) has jumped by 10% to reach $0.75.
Other altcoins in the green (albeit registering less substantial increases) include Quant (QNT), Sky (SKY), and Pi Network (PI).
The total market capitalization of the cryptocurrency sector has declined by 0.7% and stands at roughly $3.98 trillion.
