Crypto Update: Bitcoin, Ether Drop as Altcoins Plunge Over 10%

Crypto Markets Slide After Fed Rate Cut, $1.5B in Liquidations Triggered – 22/9/2025

Cryptocurrency markets opened sharply lower Monday, with Bitcoin (BTC), Ether (ETH), and other major tokens falling and triggering $1.5 billion in liquidations of leveraged positions.

The sell-off came despite a Federal Reserve interest-rate cut that was widely seen as dovish. Analysts had expected the move to weaken the dollar and encourage greater risk-taking in crypto markets.

“In recent days, there have been several signals pointing to a downward trend in Bitcoin,” said Alex Kuptsikevich, chief market analyst at FxPro. “BTCUSD broke out of the upward channel established since early September, fell below horizontal support, and sharply dropped beneath the 50-day moving average.

“This combination of technical signals indicates further declines are likely unless financial market sentiment undergoes a fundamental shift.”

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