On September 25, 2025, the crypto market slid back into the red.
Bitcoin dropped below $112,000, touching $111,600, while Ethereum briefly dipped to $3,996. On the weekly chart, the leading cryptocurrency is already down more than 4%.
📉 Pressure Across the Market
According to TradingView, BTC was trading around $111,697 at the time of writing. ETH is holding near the critical $4,000 support, attempting to stabilize.
Other major digital assets also suffered losses. Altcoins were hit the hardest, as shown in CryptoRank’s latest top-10 market capitalization overview.
💥 Trader Liquidations Surge
Volatility triggered mass liquidations in the futures market. Over the past 24 hours, more than 127,000 positions were forcibly closed, with total losses exceeding $400 million. The majority of the damage came from long positions, CoinGlass data shows.
⚖️ Macro Factors in Play
One possible driver of the downturn is political risk in the U.S.: the looming government shutdown on October 1, due to the lack of an approved short-term funding bill. The measure requires at least 60 Senate votes, including support from several Democrats, to pass.
📊 Ripple Effect on Broader Markets
Crypto once again demonstrated its sensitivity to macroeconomic events. Alongside BTC and ETH, stock indices also came under pressure: the S&P 500 slid 0.3% over the past day.
