The crypto market is under pressure once again. Prices are sliding, and traders are on edge. Bitcoin slipped under $110,000, and Ethereum is now below $4,000. Market-wide liquidations have erased billions from crypto valuations. Investors are bracing for what comes next.
Fresh economic data rattled risk markets on September 26, pushing crypto prices lower. The U.S. reported Q2 GDP growth revised to 3.8% alongside stronger manufacturing numbers. Jobless claims also came in lower than expected, signaling a resilient economy.
U.S. initial jobless claims for the week ending September 20 were 218,000, below the expected 235,000, with the prior week's figure revised from 231,000 to 232,000. U.S. Q2 real GDP annualized growth rate (final) was 3.8%, above the expected and previous 3.3%. U.S. Q2 core PCE…
— Wu Blockchain (@WuBlockchain) September 25, 2025
This shifted expectations for Federal Reserve policy, as traders had priced in deeper rate cuts to support assets. Risk markets pulled back quickly after the report, with crypto following equities lower.
Dwise, a crypto analyst, summed up the mood in a post, writing that “rent is due” and the market is “feeling the heat.” Bitcoin fell under $110,000, Ethereum slid near $3,924, and major altcoins including XRP, SOL, and ADA also moved lower.
Data from market trackers shows over $162 billion wiped from crypto valuations in a single day. Leveraged traders faced liquidations across exchanges as prices continued to slide.
U.S. spot Bitcoin ETFs saw $258 million in net outflows on September 25, with BlackRock’s IBIT the only fund to record inflows.
Ethereum ETFs also posted their fourth straight day of withdrawals, totaling $251 million. Wu Blockchain reported the outflows, adding that market sentiment has turned cautious.
Geopolitical headlines added to the pressure. A fresh wave of U.S. tariffs will take effect on October 1, targeting imports of pharmaceuticals, trucks, and furniture. Traders fear these measures could slow economic activity and impact liquidity.
𝗪𝗛𝗜𝗟𝗘 𝗬𝗢𝗨 𝗪𝗘𝗥𝗘 𝗦𝗟𝗘𝗘𝗣𝗜𝗡𝗚, 𝗧𝗥𝗨𝗠𝗣 𝗦𝗛𝗢𝗢𝗞 𝗧𝗛𝗘 𝗠𝗔𝗥𝗞𝗘𝗧𝗦 𝗔𝗚𝗔𝗜𝗡
New tariff wave announced, all going live on October 1st
• 100% tariff on branded/pharma products unless made in the U.S.
• 30% tariff on upholstered furniture.
• 25%… pic.twitter.com/uHReeC1QHS— Wise Advice (@wiseadvicesumit) September 26, 2025
Budget disputes in Washington have raised the probability of a government shutdown, which could weigh on markets. This uncertainty has kept investors defensive and less willing to hold risky assets.
Market watchers say volatility could continue through the coming week as inflation data approaches. Many are now watching whether BTC can hold above $100,000 or if further selling will drag it lower.
The post Why is Bitcoin and the Crypto Market Down Today? appeared first on Blockonomi.
Also read: Solana (SOL) Price: Token Drops 19% from Recent High of $253
