The crypto market is on edge this Monday as Bitcoin
Bitcoin
1.29%
Bitcoin
BTC
Price
$64,231.88
1.29% /24h
Volume in 24h
$16.50B
Price 7d
Buy with Best Wallet
trades at $113,063, after briefly touching $111,500 earlier in the session. With September living up to its “Red September” curse, altcoins are taking heavy losses, and meme coins are among the hardest hit. Dogecoin
Dogecoin
0.26%
Dogecoin
DOGE
Price
$0.0837
0.26% /24h
Volume in 24h
$385.91M
Price 7d
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, Shiba Inu
Shiba Inu
1.15%
Shiba Inu
SHIB
Price
$0.000005
1.15% /24h
Volume in 24h
$44.58M
Price 7d
Buy with Best Wallet
, and other top names have dropped between 10% and 20% in the last 24 hours, leaving traders scanning the charts for recovery plays.
Some traders are eyeing Bonk: after falling into oversold territory, it is starting to attract attention as one of the best meme coins to buy during the dip.
But let’s see what this last week of September has in store for us.
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Last Red Week Before “Uptober”?
Traders are on the edge as the final week of September begins. Bitcoin is now less than 4% away from closing another down month in what is historically its weakest period. After sliding from $115K, BTC retested $111,500 before bouncing back above $113K. Analysts warn that if the $112K level fails, BTC could slide toward $108K or even $100K.
With volatility guaranteed, the key question remains: will Bitcoin manage to survive “Red September,” or will we need to wait for “Uptober” to bring relief?
Historically, October has been one of Bitcoin’s strongest months, with positive returns in most years. That seasonal pattern is fueling hope that Q4 could bring a turnaround, even if September ends in the red.
Uptober is approaching 👀 pic.twitter.com/bpv87mxag5
— zubic (@zubic_eth) September 23, 2025
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Best Meme Coins to Buy: Is Bonk Oversold or a Breakout Opportunity?
The broader downturn has put meme coins under extreme pressure. Dogecoin and Shiba Inu lost double digits, but BONK is now showing early signs of resilience. Technicals indicate that BONK has entered an oversold zone, with Relative Strength Index (RSI) readings suggesting a potential bounce. Traders are beginning to speculate that BONK could emerge as one of the best meme coins to buy ahead of a recovery.
BONK is testing strong daily support near 0.00001969. If buyers defend, a rebound toward 0.00003 is likely; failure could trigger deeper downside. Watch volume and RSI for confirmation. And of course, Bitcoin price action.
Added some more $BONK
Deeply oversold on the 4 hour
In the liquidity demand zone
Retest of the breakout trend line holding
0.00002 support level held post the $2B in liquidations pic.twitter.com/JQqjt7nhR1— Kadense Pengu°❗️❗️❗️ (@iamkadense) September 23, 2025
Adding fuel to that narrative is BONK’s expanding ecosystem. The project is aiming to become a leading launchpad in the U.S., with upcoming features including a streaming platform and innovative token mechanics that could set it apart from other meme-based tokens. If successful, BONK may transform from speculative hype into a more sustainable platform play.
For now, the spotlight stays on Bitcoin’s $112K support zone. If it holds, the path toward “Uptober” remains intact. If not, the final week of September could test even the most seasoned crypto traders’ patience.
Aster, the decentralized exchange for perpetual futures, has seen a major surge in activity, surpassing Hyperliquid in 24-hour trading volume. The platform recorded over $11.8 billion in perp volume, highlighting growing trader interest and BSC on-chain momentum. (Source: DefiLlama) The surge is driven by Aster’s high leverage options, innovative features like hidden orders and stock-perpetuals, and a community-focused tokenomics model with over 50% of tokens allocated for airdrops. These elements have attracted both retail and professional traders looking for flexible, high-risk trading opportunities. While Hyperliquid remains a dominant player in overall liquidity and cumulative volume, Aster’s recent performance marks a milestone in its growth and positions it as a serious competitor in the DeFi perpetual market. SEC Chairman Paul Atkins outlined plans to introduce a new “innovation exemption” by year-end, aimed at allowing crypto firms to launch products quickly without facing overly burdensome regulations. Speaking on Fox Business’ Mornings with Maria, Atkins emphasized the SEC’s intention to provide a stable platform for new technologies while drafting updated crypto rules in the coming months. The move marks a continuation of the agency’s shift toward a more crypto-friendly stance under the Trump administration. Several enforcement cases from the Biden-era SEC under Gary Gensler have been dropped, and a new crypto task force has been created to guide regulation. Atkins also highlighted his desire to boost U.S. IPO activity, noting that the number of publicly traded companies has halved over the past three decades. “I want to make IPOs great again,” he said, echoing a MAGA slogan while signaling broader market reforms. Institutional crypto companies are all in on the XRP price. Dare we say based? XRP’s run topped out at $3.50 earlier this month before sliding to $2.6935 on September 22, its lowest since July. The drop marks five straight days of losses, even with rate cuts and ETF speculation in the backdrop. Meanwhile, technical indicators are tilting bearish for XRP. The 200-day SMA hangs above $2.99, RSI sits in the 40s, and a head-and-shoulders pattern forms with a neckline at $2.85. A clean break could drag prices toward $2.70. Key level being retested… hold the higher low here, and $BTC likely pushes for $120,000 next,” trader Jelle noted, pointing to Bitcoin’s role in steering sentiment across majors. Binance co-founder Changpeng “CZ” Zhao’s $10 billion investment arm, YZi Labs, is considering opening its fund to external capital and potentially converting into a public investment vehicle. Ella Zhang, head of YZi Labs, says investor interest is strong but emphasizes that the firm is still not ready for full external access. Spun out of Binance in early 2025, YZi Labs already holds about 70% of its portfolio in digital assets. It accepted around $300 million in external funding back in 2022, although parts of that capital were later returned. Regulatory interest is increasing: SEC Chair Paul Atkins requested a private demo after missing YZi’s demo day at the New York Stock Exchange. While its expansion into AI and biotech teams continues, Zhang says the firm must first build internal expertise and infrastructure before offering external access.Aster Surpasses Hyperliquid in 24-Hour Perp Volume
SEC Chairman Pushes “Innovation Exemption” to Accelerate Crypto Launches
XRP Price Drops Below $2.85 as ETF Hopes and 401(k) Access Loom
CZ’s YZi Labs Eyes External Investors as $10B Crypto Fund Considers Public Move
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