Bitcoin price today traded around $112,950 at 11:17 UTC after a sharp four-hour drop, not $114,000. The candle printed an intraday low near $112,268 and then bounced modestly into the close.

Price broke below the 50-EMA (~$115,423) on the selloff. The session followed recent local highs just under $118,000 (Sept 18–19). The red downswing came with expanded volume, and the partial rebound left a visible lower wick, while the bar closed +0.32% at $112,950 (O $112,594 / H $112,995 / L $112,268 / C $112,950).

Bitcoin spot volume jumps as Sep 22 selloff hits majors

Bitcoin spot volume rose sharply during the Sep 22 downturn, according to bitcoinity’s 7-day hourly view. Trading pushed toward 700–760 BTC per hour at the peak after a quieter weekend. Most weekend hours stayed below 100 BTC per hour.

Through the week, typical hours ranged about 20–250 BTC. Activity climbed into the European and U.S. sessions on Sep 22. Bitstamp and Kraken carried much of the flow, with bursts from Bitfinex and other venues.

The pickup followed several mid-week spikes near 580–600 BTC per hour. Those bursts appeared around Sep 17–18 during intraday pullbacks. After that, volumes eased into Sep 20–21 before the new surge.

The chart tracks BTC counts per hour, not dollars. It does not show a weekly dollar total or an average comparison. Therefore, figures such as “$43.7 billion for the week” or “23% below average” are not supported by this image.

Weekly Bitcoin trading volume printed $43.7 billion. That was about 23% below the recent average. Lower turnover pointed to lighter participation from both retail and institutions.

Bitcoin ETFs inflows slowed versus earlier peaks in 2024 and early 2025. The steady bid from new fund demand weakened. As a result, spot markets leaned on organic buyers, who stayed cautious.

Ethereum price today weakens as Ethereum staking exits rise

Ethereum price today printed a heavy four-hour red candle at 11:32 UTC, closing $4,185.9 after an intraday low at $4,139.8 (O $4,196.1 / H $4,210.7 / L $4,139.8 / C $4,185.9). Price sat well below the 50-EMA at $4,474.3, a gap of roughly $288, which underscored near-term downside pressure. The bar showed ~3.01K ETH in volume, elevated versus many recent hours, and came after a lower-high sequence from mid-September peaks near $4,750–$4,800. The breakdown accelerated as support around the $4,300 area failed, pushing price toward early-September congestion.

Larger holders withdrew ETH from staking to centralized venues. Consequently, exchange balances rose and available supply expanded.

More ETH on exchanges added direct selling pressure. Long-term staking balances edged lower through the session. That mix favored liquidity over yield during the drawdown.

Network activity stayed quiet. Ethereum fees 0.17 Gwei sat near the 6th percentile. Such low fees indicated subdued on-chain demand and lower usage. Transfers and app activity remained soft.

XRP price today declines with broader altcoins

XRP traded near $2.81, down 5.50% on the day and 5.99% over the week, with a brief +0.25% 1-hour bounce. The snapshot shows a market cap ~$168.31B, 24-hour volume ~$7.54B, and circulating supply ~59.77B XRP.

Losses were broad across majors. Solana (SOL) sat around $221.59 (-7.28% 24h, -6.27% 7d). Dogecoin (DOGE) was $0.2391 (-10.24% 24h, -9.99% 7d). Cardano (ADA) printed $0.8224 (-7.00% 24h, -4.80% 7d). Chainlink (LINK) was $21.23 (-8.30% 24h, -9.43% 7d). Avalanche (AVAX) showed $31.07 (-6.04% 24h, -7.84% 7d). Hedera (HBAR) posted $0.2165 (-8.77% 24h, -7.38% 7d). Sui (SUI) and Stellar (XLM) were -7.82% and -7.20% on the day, respectively.

A few names showed smaller moves. BNB was $1,020.59 (-3.58% 24h, +10.71% 7d). TRON (TRX) held $0.3397 (-1.44% 24h, +1.77% 7d). Stablecoins were flat, with USDC near $0.9997. Perps-adjacent Hyperliquid (HYPE) traded around $48.65 (-7.48% 24h, -9.17% 7d), reflecting weaker high-beta risk.

In this board, XRP’s decline tracked the day’s altcoin pattern rather than an idiosyncratic move. Its percentage loss sat mid-pack between heavier drawdowns in DOGE/LINK/HBAR and smaller declines in BNB/TRX.

Meanwhile, Bitcoin dominance jumped to 58.58% on the 4-hour frame at 11:47 UTC, after a vertical burst that briefly pushed near 59%. The move cleared the 50-EMA at 58.03% and broke above last week’s ~57.6%–58.3% range, confirming a fast rotation into Bitcoin as altcoins lagged. The candle printed O 58.53% / H 58.66% / L 58.50% / C 58.58% (+0.08%), with a visible volume pickup into the spike.

Spot and derivatives books showed wider spreads in XRP during the selloff. Market makers adjusted quotes as realized volatility rose. Intraday bounces lacked depth as volumes thinned.

The crypto market crash narrative extended across majors. However, XRP saw larger percentage swings than Bitcoin. The move tracked the same drivers: weaker Bitcoin ETFs inflows and soft risk tone.

Altseason breadth narrows as index slides to 67

The Altseason Index fell from 100 to 67 today, according to the gauge tracked by Blockchain Center. The indicator counts how many of the top-50 cryptocurrencies have outpaced Bitcoin over the past 90 days.

Today’s move implies roughly two-thirds of large altcoins are still ahead of Bitcoin on that window, down from all 50 at the peak. In breadth terms, that’s a drop of about one-third from the prior extreme.

Coin Bureau flagged the intraday reversal as it hit feeds, noting the swift retreat from the maximum reading. The shift follows a broad risk-off session across major tokens.

Bitcoin ETFs inflows, stablecoin, and derivatives show caution

A key support in 2024 and early 2025 was steady Bitcoin ETFs inflows. Recent prints showed a slower pace. Traditional investors trimmed exposure after the Fed 25 bps rate cut.

Stablecoin supply growth cooled at the margin. Net issuance signals leaned neutral to soft. That pattern reduced immediate dry powder for bids during selloffs.

Derivatives positioning turned more defensive. Funding rates eased and open interest stabilized lower. The term structure showed calmer near-dated implied volatility but steeper longer maturities.

Macro drivers today: Fed 25 bps rate cut, inflation signals, and risk tone

The Federal Reserve delivered a 25 bps reduction. However, debate continued over the next policy steps. Uneven inflation inputs kept the rate path uncertain.

Recent U.S. inflation data remained mixed. Some categories stayed sticky, while others eased. Those cross-currents curbed aggressive risk-taking across assets.

Global risk tone weakened. Equities and bonds faced their own pressures. That backdrop spilled into crypto as managers reduced gross and net exposure.

Voices and signals: Altseason Index reset and a notable comment

Market watchers pointed to the Altseason Index slide to 67. The drop showed fewer altcoins beating Bitcoin on a rolling basis. The move matched the rise in Bitcoin dominance.

News desks and dashboards echoed the same signal. They linked the shift to smaller bids and weekend volatility. The pattern fit with slower Bitcoin ETFs inflows and light volumes.

A brief note drew additional attention. Changpeng Zhao (CZ) said,

“maybe we haven’t hit the real bull market yet.”

The remark circulated widely. It added a reference point to today’s cautious tape without altering the data.