{"id":161715,"date":"2025-09-26T14:32:09","date_gmt":"2025-09-26T14:32:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/161715\/"},"modified":"2025-09-26T14:32:09","modified_gmt":"2025-09-26T14:32:09","slug":"why-is-the-crypto-market-crashing-today-macro-uncertainty-shutdown-fears-and-more","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/161715\/","title":{"rendered":"Why is the crypto market crashing today? Macro uncertainty, shutdown fears, and more!"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways
\nWhat triggered the crypto market dump?<\/p>\n

Macro uncertainty led to another wave of liquidations.<\/p>\n

What are analysts\u2019 projections?<\/p>\n

Analysts expect a dip to $107K if the U.S labor market shows signs of resilience.\u00a0<\/p>\n

Bitcoin [BTC]<\/a> led the crypto market sell-off with a dip of about 4% after the release of U.S jobless claims data on 25 September. The data<\/a> revealed\u00a0a weak U.S labor market, raising hopes for another Fed interest rate cut.\u00a0\u00a0<\/p>\n

In fact, the odds<\/a> for another 25 basis point (bps) rate cut for next month jumped by 2% to 87%.\u00a0<\/p>\n

\"Crypto<\/a><\/p>\n

Source: CME FedWatch tool<\/p>\n

However, the Fed\u2019s inflation gauge, the PCE (personal consumption expenditure) index, scheduled for 26 September, could impact the aforementioned odds.\u00a0<\/p>\n

In an email statement, Jake Kennis, Senior Research Analyst at Nansen, told AMBCrypto that traders should watch any PCE deviation from the 2.7%-2.9% year-on-year target. Kennis added,\u00a0<\/p>\n

\u201cHigher-than-expected inflation could signal more hawkish Fed policy and risk-off sentiment that typically pressures crypto markets.\u201d<\/p>\n

However, a cooler inflation could boost BTC, ETH, and other risk assets as this would allude to potential Fed dovishness.<\/p>\n

U.S shutdown fears trigger liquidations<\/p>\n

Fears of a U.S government shutdown have also dampened market sentiment, triggering another round of liquidations.\u00a0<\/p>\n

In fact, as of press time, the U.S Congress had not agreed on a way to fund the government. This could stall most of its operations. <\/p>\n

Polymarket, for example, is now pricing<\/a> a 69% chance of this happening by 01 October, something that has only spooked the markets further.\u00a0<\/p>\n

Ahead of the inflation data and the shutdown fears, Bitcoin extended its decline to below $109,000. Right before the New York trading session opened on Friday, the cryptocurrency was valued at $108,956.\u00a0<\/p>\n

\"Why<\/a><\/p>\n

Source: CoinMarketCap (As of 7:25 AM, New York Time on 26 September)\u00a0<\/p>\n

Solana [SOL]<\/a> dropped the hardest among the large caps, slipping by about 5% below $200. Binance coin [BNB]<\/a>, which printed a new ATH above $1000, was down to $934, after a 5% dip.\u00a0<\/p>\n

Notably, XRP<\/a> also saw considerable sell-offs of about 4%, followed by Ethereum [ETH]<\/a> at nearly 3%.\u00a0<\/p>\n

According to the crypto-trading desk QCP Capital, the bullish market structure is still intact. Unless BTC slips below $107k. Especially if next week\u2019s jobless claims fall below expectations.\u00a0<\/p>\n

The firm noted<\/a>,\u00a0<\/p>\n

\u201cQ4 seasonality and expected Fed cuts keep the backdrop constructive, unless next week\u2019s payrolls break the narrative.\u201d<\/p>\n

Interestingly, $107k is a huge lower liquidity pool on the 3-month liquidation heatmap charts. Hence, it would be a key level to watch out for in the near term.\u00a0<\/p>\n

\"Why<\/a><\/p>\n

Source: CoinAnk\u00a0<\/p>\n

Meanwhile, another $1 billiion worth of positions were wiped out on Thursday, bringing this week\u2019s liquidations<\/a> to over $3 billion. It remains to be seen whether bulls come back in early October or not.\u00a0<\/p>\n

\"crypto<\/a><\/p>\n

Source: Coinglass<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Bitwise files for first U.S. Spot HYPE ETF \u2013 Details inside!<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways What triggered the crypto market dump? Macro uncertainty led to another wave of liquidations. What are…\n","protected":false},"author":2,"featured_media":161716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[85,84,59,62366,56,54,55],"class_list":["post-161715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ambcrypto","tag-business","tag-gb","tag-new-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/161715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=161715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/161715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/161716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=161715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=161715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=161715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}