Crypto market loses $160B in ‘Red September’, yet millionaires soar 40% in 2025 – Crypto News – Crypto News
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Fear & Greed Index hits 62 as Bitcoin, ETH, and SOL rebound Fear & Greed Index hits 62 as Bitcoin, ETH, and SOL rebound

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Crypto market loses $160B in ‘Red September’, yet millionaires soar 40% in 2025 – Crypto News

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  • ‘Red September’ shakes crypto markets, wiping out over $160 billion in value.
  • Bitcoin, Ethereum, and Solana test critical support levels amid high volatility.
  • Number of crypto millionaires rises 40% in 2025, now at 241,700 globally.

The cryptocurrency market underwent notable turbulence over the past 24 hours, with traders waking up to shifting sentiment and volatile price action on Thursday.

Recent days saw the so-called “Red September” event, which erased over $160 billion from the global crypto market cap amid ongoing macroeconomic pressures, ETF outflows, and liquidations.

Yet, beneath the broad declines, pockets of resilience and buying emerged in selective coins.

With central banks sending mixed signals and regulatory debates intensifying, investors are recalibrating positions, all while institutional flows remain significant.

As Q4 approaches, analysts anticipate a more stable narrative may soon take hold, but volatility remains the dominant theme for now.

Bitcoin (BTC) is oscillating near crucial support levels, recently trading just above $113,000 after rebounding 0.82% in the last 24 hours.

Analysts warn that fading institutional demand could push BTC toward the $108,000 zone if sentiment sours.

Ethereum (ETH) also saw weakness, falling below $4,130, down 1.4% with market-watchers eyeing $3,800 as a possible accumulation point if the decline deepens.

Solana (SOL), despite heavy treasury accumulation, stalled just beneath its 2021 peak, trading near $210 and dipping 1.66% in the last session, testing long-held support.

XRP, conversely, exhibited strength with a 2.93% pop and growing bullish momentum; some chartists see a breakout above $3.33 as pivotal for double-digit ambitions.

Dogecoin (DOGE) held steady, barely advancing 0.2% amid ongoing meme-coin sector liquidations.

Overall, major cryptos remain sensitive to both headline risk and technical factors, with their trajectories hinging on ETF flows, macro signals, and speculative rotation.

Crypto millionaires surge in 2025

The latest Crypto Wealth Report for 2025 highlights just how sharply fortunes have shifted in digital assets, as the number of crypto millionaires worldwide soared 40% year-on-year to reach 241,700.

Leading this surge is Bitcoin, the cornerstone of the crypto economy, with a remarkable 70% jump in those holding seven-figure BTC portfolios, now numbering over 145,000.

At the very top, there are 36 crypto billionaires and 450 “centi-millionaires” who each hold at least $100 million in digital assets.

This wealth explosion comes as the broader market cap of cryptocurrencies hit $3.3 trillion, up 45% from last year, reflecting not just price appreciation but growing adoption globally.

More than ever, Bitcoin is seen less as a speculative bet and more as financial infrastructure: a collateral base for new financial systems operating outside traditional controls.

Notably, the report underscores how crypto’s borderless nature is redrawing global wealth patterns, with Singapore, Hong Kong, and the US emerging as leading destinations for crypto investors.

In this new landscape, holding millions simply means memorizing a 12-word seed phrase, with instant access from anywhere in the world—highlighting a profound shift in how, and where, wealth is stored and moved.

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