As of September 23, 2025, the global cryptocurrency market capitalization stands at $3.88 trillion, reflecting a 2.13% decline over the past 24 hours. The market takes a pullback of more than 2% for the second consecutive day, with Bitcoin testing $113,000 zone, Ethereum slipping below $4,200, and altcoins and memecoins struggling to find momentum.
Bitcoin is currently trading at $112,720, down 1.54% in the last 24 hours. Intraday moves ranged between $111,800 and $114,200, showing persistent bearish pressure.
Key resistance remains around $114,500; a decisive move above this could reopen the path toward $116,000. On the downside, immediate support sits near $111,500-$112,000, keeping the near-term bias tilted bearish.
Ethereum is trading at $4,185, down 2.50% in the past day. The price has fluctuated between $4,180 and $4,360, showing a breakdown of recent consolidation.
A breakout above $4,400 could push ETH toward $4,550, while a failure to defend $4,200 may trigger a dip toward $4,050. Strong network activity in Layer-2 scaling and staking protocols continues to lend Ethereum underlying resilience.
Avalanche is currently trading at $34.50, up 8.39% in the past 24 hours. Support is placed near $33, while resistance is seen at $36.
A breakout above resistance could push AVAX toward $38, while rejection risks a decline toward $32. Avalanche’s DeFi ecosystem and subnet expansion continue to underpin long-term demand, despite short-term volatility.
Cardano is currently trading at $0.8192, down 3.80% in the last 24 hours. Key support is placed near $0.80, while resistance sits close to $0.85.
If ADA manages to clear resistance, the next upside target could be $0.88, whereas a failure to hold current levels risks a decline back toward $0.77. Scaling upgrades like Hydra continue to serve as long-term bullish drivers.
Polygon is currently trading at $0.2248, down 4.64% in the last 24 hours. Immediate support is now seen near $0.2150, while resistance stands close to $0.2350.
A breakout above resistance could lift MATIC toward $0.2450, while failure to hold support may extend losses toward $0.2050. Despite short-term weakness, zkEVM adoption continues to underpin Polygon’s long-term growth prospects.
BNB is currently trading at $985.10, down 4.56% in the past 24 hours. Key support is now seen near $960, while resistance is placed around $1,020.
If BNB manages to break above resistance, it could move toward $1,060, whereas rejection may drag it back to $930. Despite near-term weakness, BNB’s role in Binance’s exchange ecosystem and DeFi integration remains a critical long-term growth driver.
Pepe is currently trading at $0.000009586, down 4.99% in the last 24 hours. Immediate support is placed at $0.00000920, while resistance is seen near $0.00001000.
A breakout above resistance could trigger a move toward $0.00001050, while failure to defend support may lead to a decline toward $0.00000880. Despite short-term weakness, PEPE’s momentum remains tied to speculative flows and community activity.
Bonk is currently trading at $0.00002030, down 4.95% in the past 24 hours. Key support is now placed near $0.00001950, while resistance is seen around $0.00002150.
If BONK breaks above resistance, it could aim for $0.00002250, while failure to hold current levels risks a pullback toward $0.00001850. Despite near-term weakness, Bonk continues to benefit from Solana’s meme-driven retail activity and strong community backing.
The 2.13% decline in global market cap reflects growing caution among traders. Bitcoin’s slide below $113,000 adds pressure, and Ethereum’s dip under $4,200 signals fragility. Altcoins lose momentum, with strong fundamentals clashing against broader weakness. Memecoins remain highly volatile, reflecting fragile risk appetite.
With a total crypto market cap of $3.88 trillion, the pullback highlights ongoing consolidation amid global uncertainty. Bitcoin’s near-term weakness contrasts with Ethereum’s underlying activity, while altcoins like Avalanche, Cardano, Polygon, and BNB continue to attract long-term interest.
Memecoins such as Pepe and Bonk still offer speculative upside, but volatility remains high. Traders should stay cautious and look for selective opportunities across altcoins and memecoins.