Crypto Market Sees Bearish Trends: Bitcoin and Altcoins Experience Price Declines on September 25

Crypto Market Sees Bearish Trends: Bitcoin and Altcoins Experience Price Declines on September 25

Crypto News – The cryptocurrency market kicked off the week on a low note on Monday, September 25th, with a majority of major cryptocurrencies experiencing price declines, signaling a pessimistic market sentiment. The market had ended the previous week in the red, despite some initial gains, as investors weighed the prevailing risks and uncertainties. Notably, the crypto market’s fear and greed index registered at 38 during the writing, indicating a state of fear among investors.

Bitcoin’s price dipped below $27,000, marking a 1.60% decrease to $26,145.99 on Monday. Concurrently, its market capitalization also experienced a corresponding 1.60% drop, resting at $509.71 billion at the time of writing, while its trading volume surged by 51.44% to $10.12 billion.

In contrast, Ethereum observed an 0.89% decrease in price, settling at $1,577.99, and its market capitalization stood at $189.71 billion. The trading volume for Ethereum saw a significant uptick of about 100% over the last 24 hours, reaching $3.85 billion during the writing.

Among other top-ranking cryptocurrencies, XRP witnessed a 1.14% decline in price, reaching $0.5025, with a market capitalization of $26.75 billion. Similarly, the price of Toncoin fell by 3.70% to $2.21 from the previous day, while its one-day volume surged by 10.83% to $25.35 million.

In the realm of meme coins, Dogecoin continued its downward trajectory with a 0.99% drop in price to $0.06096 within the last 24 hours, accompanied by a 13% increase in trading volume to $127.76 million. Another popular meme coin, Shiba Inu, experienced a marginal decline of 0.15% in price to $0.000007366 at the time of writing, with a notable decrease of 34.66% in trading volume to $89.80 million.

The overall decline in prices of major cryptocurrencies on Monday contributed to a weakened performance in the broader market. The global crypto market capitalization slumped by 1.08% from the previous day to $1.04 trillion, while the 24-hour trading volume surged by 40.19% to $20.97 billion.

On a positive note, Pepe coin managed to sustain its upward movement after concluding the previous week on a positive trend. Despite initial losses during the week, indicating a potential loss of momentum, Pepe coin’s price rose by 4.38% to $0.0000006944 during the writing, although its volume fell by 22% to $40.32 million.

Curve Dao Token (CRV) experienced a notable increase of 9.39% in price, reaching $0.5174 on Monday. The trading volume from the previous day witnessed a substantial surge of 345.54% to $144.98 million. Recent reports revealed a significant move by a whale, transferring a total of 19.56 million CRV, valued at about $10.2 million, from Binance to stake it all in Convex over the past three days, with the latest whale movement involving 10.44 million CRV tokens.

Aptos (APT) exhibited a remarkable surge of 6.24% in price, amounting to $5.45 during the writing on September 25th, accompanied by a substantial 862.69% increase in trading volume to $415.61 million. Notably, Upbit, South Korea’s largest exchange, identified counterfeit APT tokens created by scammers, which were initially mistaken for genuine APT tokens. Consequently, robots deposited a significant amount of fake APT into multiple user accounts. Upbit took prompt action, suspending the deposit and withdrawal of APT for security measures and actively reaching out to users who sold the counterfeit APTs to facilitate refunds.

On the flip side, UNUS SED LEO (LEO) experienced a 3.03% decline in price, settling at $3.72 during the writing of this article. However, its one-day trading volume saw a notable increase of 110.8% to $923,198. While there was no specific update regarding the recent slump, the declining price placed UNUS SED LEO among the top losers on Monday.