Bitcoin and Ethereum Plunge to Multi-Week Lows While MAGAX Presale Ignites Investor Frenzy

Digital assets face mounting pressure as major cryptocurrencies test critical support levels.

Market Dynamics Shift

Bitcoin and Ethereum continue their downward trajectory, hitting lows not seen in weeks. The sell-off contrasts sharply with surging interest in MAGAX's ongoing presale event.

Presale Momentum Builds

Investors flock to emerging opportunities despite broader market weakness. MAGAX capitalizes on the divergence, attracting capital that might otherwise flow to established cryptocurrencies.

Traders Weigh Options

The divergence between declining blue-chips and heated presale activity creates strategic dilemmas. Some see buying opportunities in battered majors while others chase presale returns.

Market psychology shifts as traditional safe havens stumble—proving once again that in crypto, yesterday's winners can become tomorrow's baggage. The only constant? Everyone thinks they'll be the exception.

BTC falls below $113k today | Source: TradingView

This pullback comes amid profit-taking and macro uncertainty. Traders are watching the looming risk of a U.S. government shutdown and awaiting signals from the Federal Reserve on future interest rates.

Meanwhile, institutional activity remains strong. Strategy (formerly MicroStrategy) confirmed the purchase of an additional 850 BTC between Sept. 15–21 at an average of $117,344. The firm’s holdings now total 639,835 BTC, worth about $72 billion, cementing its place as the largest corporate holder of Bitcoin.

Ethereum News: Testing $4K Support

Ethereum (ETH) also slipped in today’s market slump. ETH trades at $4,171, down 7% in 24 hours and testing critical support at the $4,000 level. Its market cap is approximately $506.3 billion.

ETH falls below key SMAs | Source: TradingView

The correction was sharp: more than $516 million in ETH futures were liquidated, including $489.6 million in long positions. Whale activity has also spiked, with large holders moving funds onto exchanges, likely signaling profit-taking.

Despite the downturn, ETH remains up 88% year-on-year, reflecting its dominance in DeFi and smart contract ecosystems. Institutional interest continues, with BitMine acquiring 264,378 ETH (worth $1.1 billion) last week, boosting its total holdings to more than 2.15 million ETH.

MAGAX Presale Momentum: A Meme-to-Earn Challenger

While BTC and ETH dominate headlines, presale token Moonshot MAGAX (MAGAX) is quietly gaining traction. Currently in Stage 2, MAGAX is priced at $0.000293 per token, with almost $103,000 raised out of a $115,647 target. Early investors eye an ROI projection of 153× if milestones are achieved.

MAGAX has already passed a CertiK audit with zero critical issues, and its in-house team conducted additional internal audits. Transparency and security are emphasized, an increasingly important factor for new projects.

Unlike traditional meme coins, MAGAX introduces AI-powered meme detection via Loomint, rewarding creators and promoters directly in the meme coin when their content goes viral.

Why Moonshot MAGAX Stands Out

What makes MAGAX more than hype? The token brings a suite of features that many other popular coins lack, including:

• Governance: MAGAX holders vote on ecosystem incentives and updates.
• Staking: Passive yields available to long-term holders.
• Referral & Booster Programs: Investors can boost visibility and earn additional rewards.
• Deflationary Mechanics: Token burning and locking mechanisms help maintain scarcity.
• Fraud Protection: AI modules block fake wallets and bot-driven engagements.

With a total supply capped at 1 trillion tokens, scarcity is built in. This contrasts with inflationary tokens like DOGE, which rely solely on market momentum.

Secure your MAGAX tokens before Stage 3 ends to lock in the lowest presale price

Blue-Chip Stability or Presale Firepower?

Bitcoin and ethereum remain the bedrock of crypto. BTC continues to attract institutions and hedge-asset narratives, while ETH powers DeFi, NFTs, and major upgrades like the upcoming “Fusaka” scalability update expected by December. For stability, liquidity, and long-term adoption, BTC and ETH dominate.

But Moonshot MAGAX represents a different kind of opportunity: an early-stage token with explosive ROI potential if it delivers on its roadmap. For risk-tolerant investors, it offers features and incentives designed to evolve meme culture into a functional economy.

As the crypto market navigates macro pressures, one thing is clear: the biggest gains often come from early conviction in new projects. BTC and ETH set the standard, but the future may also belong to tokens like MAGAX.

Don’t wait; join the MAGAX presale today before Stage 3 pricing begins.