22-9-2025 – A sudden sell-off gripped the cryptocurrency market today at 13:59 UTC+8, coinciding with the European market’s opening. Bitcoin shed over 2% in minutes, falling to $111,900, while Ethereum dropped 5% and Solana crashed 7% within three minutes. The abrupt declines across major digital assets lacked a clear trigger, sparking uncertainty among investors.
The drop pushed Bitcoin to a key support level of $111,900, a price point it has struggled to surpass in recent months. Historically, this threshold has attracted buyers, often sparking a rebound. However, the absence of an obvious catalyst—such as regulatory news or macroeconomic shifts—suggests possible technical selling or profit-taking. Ethereum and Solana’s sharper declines highlight the altcoin market’s tendency to amplify Bitcoin’s movements, raising concerns about broader market sentiment.
The timing of the sell-off, aligning with increased European trading activity, points to heightened volatility during overlapping market hours. Analysts note that such rapid drops without clear drivers often signal short-term liquidations or coordinated moves by large holders. The crypto market’s September struggles, a historically weak month, add further context to today’s turbulence.
