- “Red September” shakes the crypto market and wipes out more than $160 billion in value.
- A critical level of support among the key support levels of Bitcoin, Ethereum and Solana Tests, among the high volatility.
- The number of crypto billionaires rose 40% in 2025, and is now 241,700 worldwide.
The cryptocurrency market has been hit by a notable turbulence over the past 24 hours, with traders woken up on Thursday to change emotions and volatile price action.
Recently, the so-called “Red September” event has occurred. This erased more than $160 billion from global crypto market capitalization amid ongoing macroeconomic pressures, ETF leaks and liquidation.
However, under a significant decline, pockets of resilience and purchase have appeared in selective coins.
Investors are re-adjusting positions as central banks intensify mixed signal and regulatory debate, but everything remains important.
As Q4 approaches, analysts expect a more stable story may soon take hold, but for now volatility remains the dominant theme.
Bitcoin (BTC) has vibrations close to critical support levels, and has recently surpassed $113,000 after rebounding 0.82% over the last 24 hours.
Analysts warn that sentiment sours could erode demand for the institution.
Ethereum (ETH) also saw weakness, falling below $4,130, a 1.4% decline, and market watchers focused on $3,800 as the accumulation point.
Solana (Sol) stagnated just below the peak of 2021, despite a large Treasury accumulation, trading at nearly 1.66% in the last session, testing years of support.
Conversely, XRP showed strength with a 2.93% pop and a growing bullish momentum. Some chartists believe breakouts above $3.33 are crucial for double-digit ambitions.
Dogecoin (Doge) was stable that barely made 0.2% progress amid the liquidation of the memecoin sector.
Overall, the main ciphers are hinged by trajectories lingering on ETF flows, macro signals, and speculative rotations, and are sensitive to both headline risks and technical factors.
Crypto billionaires will skyrocket in 2025
The latest Crypto Wealth Report for 2025 highlights how fierce fortunes have shifted in digital assets as the number of crypto billionaires around the world skyrocketed 40% year-on-year to 241,700.
The surge is led by Bitcoin, the cornerstone of the crypto economy. Those who hold a seven-figure BTC portfolio have an astonishing jump of 70%, and now it’s over 145,000.
At the top are 36 crypto billionaires and 450 “centimium millionaires,” each holding at least $100 million in digital assets.
This wealth explosion reflects not only a rise in prices, but also an increase in adoption worldwide, as cryptocurrency’s broader market capitalization reached $3.3 trillion, an increase of 45% from last year.
More than ever, Bitcoin is less seen as a speculative bet, and is considered a financial infrastructure. It is the collateral foundation for a new financial system that operates outside traditional controls.
In particular, the report highlights how the boundary-free nature of cryptos redraws patterns of global wealth as Singapore, Hong Kong and the US have emerged as major destinations for crypto investors.
In this new landscape, holding millions means memorizing 12 words of seed phrases that are readily accessible from anywhere in the world.
