- “Red September” shakes crypto markets, wiping more than $160 billion in value.
- Bitcoin, Ethereum and Solana test critical support levels amid high volatility.
- The number of crypto millionaires rises 40% in 2025, reaching 241,700 worldwide.
The cryptocurrency market experienced sharp turbulence over the past 24 hours, as traders woke to shifting sentiment and volatile price swings on Thursday.
In recent days, the so-called “Red September” event erased more than $160 billion from the global crypto market capitalization amid ongoing macroeconomic pressure, ETF outflows and liquidations.
Despite the broad declines, pockets of resilience and selective buying appeared across certain tokens.
With central banks sending mixed signals and regulatory debates intensifying, investors are recalibrating positions while institutional flows remain meaningful.
As the fourth quarter approaches, analysts expect a more stable narrative to emerge, but for now volatility remains the dominant theme.
Major Cryptos Test Key Support Levels
Bitcoin (BTC) is trading near critical support levels, recently hovering just above $113,000 after a 0.82% rise over the past 24 hours.
Analysts warn that weakening institutional demand could push BTC toward the $108,000 zone if sentiment deteriorates further.
Ethereum (ETH) also showed weakness, dipping below $4,130 — down about 1.4% — with observers identifying $3,800 as a potential accumulation zone should declines deepen.
Solana (SOL), despite heavy accumulation earlier, stalled just under its 2021 peak, trading near $210 and falling 1.66% in the last session as it tested long-term support.
XRP displayed relative strength, jumping 2.93% with rising upward momentum; some chartists view a breakout above $3.33 as key to pursuing double-digit targets.
Dogecoin (DOGE) remained steady, inching up about 0.2% amid continued meme-coin sector liquidations.
Overall, major cryptocurrencies remain sensitive to macro risks and technical factors, with their near-term paths shaped by ETF flows, macro signals and speculative rotation.
Crypto Millionaires Rise in 2025
The latest Crypto Wealth Report for 2025 highlights a pronounced shift in wealth held in digital assets: the number of crypto millionaires worldwide rose 40% year-over-year to reach 241,700.
Leading this growth is Bitcoin, the cornerstone of the crypto economy, which saw a remarkable 70% increase in holders with seven-figure BTC portfolios, now numbering over 145,000.
At the very top are 36 crypto billionaires and 450 “centi-millionaires” — individuals holding at least $100 million in digital assets.
This surge in wealth coincides with the broader crypto market cap reaching $3.3 trillion, a 45% increase from last year, reflecting not only price appreciation but broader global adoption.
More than ever, Bitcoin is being viewed less as a speculative bet and more as financial infrastructure — a store of value underpinning new financial systems operating outside traditional controls.
The report emphasizes how crypto’s borderless nature is reshaping global wealth patterns, with Singapore, Hong Kong and the United States emerging as leading hubs for crypto holders and investors.
In this evolving landscape, safeguarding millions often boils down to protecting a 12-word seed phrase that provides instant global access — underscoring a deep shift in how and where wealth is stored and moved.