Crypto Bloodbath September 22: Bitcoin Plunges Below $113K as Market-Wide Correction Intensifies

Digital assets get hammered in brutal selloff—Bitcoin leads the downward spiral with a decisive break below the $113K psychological barrier.

Market Carnage Spreads

Red dominates trading screens as altcoins follow BTC's nosedive. Major cryptocurrencies shed billions in market cap within hours—traders scramble for exits while leverage positions get liquidated en masse.

Technical Breakdown Accelerates

The correction triggers multiple support-level breaches across top-tier assets. Trading volumes spike 40% above monthly averages as panic sets in—proving once again that crypto markets move faster than traditional finance's quarterly report cycles.

Institutional Reaction Pending

Whale wallets show tentative accumulation patterns at key levels, but major funds remain sidelined awaiting clearer signals. The dip-buying mantra faces its sternest test since the last regulatory crackdown—because nothing builds confidence like watching your portfolio bleed out while bankers sip lattes.

Crypto Price Performance of Top 10

Bitcoin is trading at $112,667.25, registering a 24-hour drop of 2.65%. Trading volume stands at $54.78B.

Ethereum is trading at $4,187.05, registering a 24-hour drop of 6.40%. Trading volume stands at $49.71B.

XRP is trading at $2.84, registering a 24-hour drop of 4.71%. Trading volume stands at $8.25B.

BNB is trading at $1,017.18, with a 24-hour drop of 3.32%. Trading volume is at $4.35B.

Solana is priced at $222.39, registering a 24-hour drop of 7.22%. Trading volume is strong at $9.71B.

Dogecoin is trading at $0.2403, recording a steep 24-hour drop of 10.00%. Trading volume is at $5.12B.

The tron price is at $0.3402, marking a 24-hour drop of 0.30%, with a trading volume of $1.16B.

Cardano is trading at $0.8272, registering a 24-hour drop of 6.78% with a trading volume of $2.23B.

Hyperliquid is trading at $49.09, marking a 24-hour drop of 6.89% with a trading volume of $572.98M.

Chainlink is trading at $21.43, recording a 24-hour drop of 7.52% with a trading volume of $1.28B.

Most Trending Cryptos Today

The top trending coins in the last 24 hours, according to CoinMarketCap, shows both gains and losses: Avantis (AVNT) is trading at $2.12, which rose by 6.61% in the last 24-hours; Giggle Fund (GIGGLE) is at $34.43, down by 1,08% in the last hour, although 42.8% up in the last hour; OFFICIAL TRUMP (TRUMP) is at $7.69, which dropped by 8.55%; and Ark of Panda (AOP) is at $0.04860, which fell by a sharp 15.01%.

Market Sentiment and Institutional Flows

The Fear and Greed Index stands at 47, indicating a Neutral mood that is leaning towards fear as prices fall. The Altcoin Season Index has decreased slightly to 62, which still suggests that other altcoins may have a performance advantage over Bitcoin, despite recent losses. Reflecting the broad downturn, the CoinMarketCap 20 Index is down 3.8%.

Crypto Market Overview: Source: CoinMarketCap

The market is in a corrective phase, with significant selling pressure wiping out recent gains across the top cryptocurrencies, since the volatility is creating these movements. Bitcoin’s drop below the $113K level is a key indicator for traders, who are now watching to see if new support levels will hold. 

The “Neutral” Fear and Greed Index reading of 47 reinforces this isn’t a panic sell-off, but rather a period of decisive reallocation. The few trending coins in the green highlight that speculative opportunities still exist, since the health of the market can’t be judged by Bitcoin’s price alone, even though the FLOW of capital between Bitcoin, altcoins, and speculative assets provides a clearer picture of shifting investor confidence.

Also read: Strategy Acquires Additional 850 Bitcoin, Total Holdings Reach 639,835 

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