- Bitcoin is trading at $114,400
- Ether is trading at $4,290
- The Fear and Greed index score, at 47, indicates at a neutral investor sentiment
The crypto market showed losses next to most cryptocurrencies on Monday, September 22. Bitcoin reflected a loss of over one percent in the last 24 hours. With this, the asset has receded from $116,000 to its present price of $114,400, data by CoinMarketCap showed.
A decisive push above resistance could propel BTC toward $125,000, whereas a slip below support risks testing the $110,000 zone, analysts said.
“Bitcoin is holding firm above key support at $114,000 while facing resistance around $117,000–118,000. This tight consolidation signals a potential breakout. Market sentiment is driven by expectations of U.S. rate cuts, boosting appetite for risk assets, while steady ETF inflows add institutional support,” said Sathvik Vishwanath, the co-Founder and CEO of Unocoin said CoinHeadlines.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
Ether clocked a bigger tumble than Bitcoin over the last day. The asset reflected a loss of 4.30 percent bringing its value to $4,290, showed CoinMarketCap.
“On-chain data shows that exchanges recorded outflows of more than 420,000 ETH in the past week alone. Investors moving ETH off exchanges typically indicate reduced intent to sell, strengthening the case for an upside,” said Edul Patel, the CEO of Mudrex.
Looking ahead into the week, macroeconomic data such as the US initial jobless claims, PMI data, and Jerome Powell’s speech could influence the market momentum.
Ahead of the data releases, a majority of altcoins registered a dip in their prices.
Ripple, Binance Coin, Solana, Tron, Avalanche, Litecoin, Toncoin, and Monero registered losses of under five percent, CoinMarketCap showed. Meanwhile Dogecoin, Cardano, Chainlink, Hedera, Cronos, Polkadot, and Polkadot roped-in losses within the range of five percent to ten percent over the last day.
USDC and LEO managed to clock miniscule profits. The Story (IP) token spiked it price by 11 percent to trade at $13.88.
The overall crypto market cap slipped by over two percent, bringing the sector’s valuation of $3.96 trillion on Monday.
“Solana at $230 and XRP near $2.90 highlight broader rotation into majors. With whales reportedly adding $4 billion to Bitcoin in September, sentiment is cautiously optimistic, hinging on whether macrofactors align with these technical levels,” Avinash Shekhar, the co-founder and CEO of Pi42 told CoinHeadlines.
The Fear and Greed index score, at 47, indicates at a neutral investor sentiment for now.
