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<h2 id="span-style-font-size-16px-color-inherit-font-weight-bolder-crypto-market-today-bitco-span-span-style-font-size-16px-color-inherit-font-weight-bolder-span-span-style-font-size-16px-color-inherit-font-weight-bolder-span-span-style-font-size-16px-color-inherit-font-weight-bolder-in-ethereum-and-altcoins-face-pressure-span">Crypto Market Today: Bitcoin, Ethereum and Altcoins Face Pressure</h2>
The crypto market today is under pressure. Total value fell 2.07% to $2.85 trillion in 24 hours, and Bitcoin slid to $83,029, based on CoinMarketCap September 28 data.
A sharp Bitcoin drop wiped out crowded long bets, while war news and higher yields kept traders cautious. Here is what moved, what led, and what could come next.
<h2 id="span-span-style-font-size-16px-the-crypto-market-today-slips-2-07-as-long-liquidations-hit-330m-span-span">The Crypto Market Today Slips 2.07% as Long Liquidations Hit $330M</h2>
Total market cap sits at $2.87T (-2.07%). Trading volume is $91.43B. The CoinMarketCap 20 Index lost 1.93% to $175.69. Sentiment held up, with the Fear &amp; Greed Index at 65, still in the greed zone.
<img alt="Crypto Market Today" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/7FKaDEsY3GIcN4QfLzc4zXK1DKxJsm6oHeEg62jE.png" width="300" title="Crypto Market Today">
CoinMarketCap's market summary names two causes. First, long liquidations piled up after Bitcoin broke below $82,700. Second, the token failed to hold resistance near $87K, which set off profit-taking in large altcoins. The same summary shows a 95% link with gold, a sign of a shared macro move tied to geopolitical stress.
Major coins, 24-hour change:
<ul>
 <li>Bitcoin: $83,029.93 (-2.17%)</li>
 <li>Ethereum: $2,666.30 (-1.57%)</li>
 <li>BNB: $763.28 (-2.12%)</li>
 <li>Solana: $118.64 (-4.29%)</li>
 <li>XRP: $1.4924 (-2.97%)</li>
</ul>
Top gainers and trending: GreenHood $HOOD jumped more than 218%, KAIO over 84.3%, and Chintai $CHEX gained about 71%. Shuffle $SHFL and Quant also made the top five, <a href="https://www.coingecko.com/en/crypto-gainers-losers" rel="noopener noreferrer nofollow">per CoinGecko rankings</a>.
<img alt="Top Gainers and Losers" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/8sjNqMybdXtcJ2eK5JZTHHDYAGlE4YG1bdr39rCJ.png" width="300" title="Top Gainers and Losers">
Top losers: Quack $Q fell 45.5%, while Lobster, EDGE, and Nillion $NIL also lagged.
Liquidations: <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">CoinGlass data</a> shows about $330M wiped out across 107,013 traders. Longs lost $230.65M and shorts $99.53M. BTC&nbsp;took $79.24M, Ether $51.93M and XRP $16.05M.
<h2 id="span-span-style-font-size-16px-bitcoin-and-ethereum-price-etf-flows-and-major-news-for-today-span-span">Bitcoin and Ethereum Price: ETF Flows and Major News for Today</h2>
<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer">Bitcoin snapshot</a>:
<ul>
 <li>Price: $83,329.93 (-2.17%)</li>
 <li>Market cap: $1.66T</li>
 <li>24-hour volume: $31.87B</li>
 <li>Dominance: 58.5% (-1%)</li>
 <li>All-time high: $126,198 (October 2025)</li>
</ul>
<img alt="Bitcoin Price Today" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/scOE1QpcuLo62V1Isl9UXIA5x3hxgH6b0zHKeCoJ.png" width="300" title="Bitcoin Price Today">
The slide came in two steps. Bitcoin lost $84,000 early Monday, then $83,000 a few hours later, after a weekend test of $85,100. Reports link the drop to higher US Treasury yields and Iran tension, but that is a market explanation, not a proven single cause.
Fund demand stayed firm. US spot Bitcoin ETFs took in $2.386B last week, the most since October 2025, per SoSoValue. CoinMarketCap also shows a fresh $296.15M inflow.
<a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer">Ethereum snapshot</a>:
<ul>
 <li>Price: $2,678.30 (-1.57%)</li>
 <li>Market cap: $325.25B</li>
 <li>24-hour volume: $12.71B</li>
 <li>Dominance: 11.4% (+0.18%)</li>
</ul>
<img alt="Ethereum Price Today" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/DFcCK1gfZMiKWnpr39s9FQTrZd6igwKs7a8zQAZ7.png" width="300" title="Ethereum Price Today">
Vitalik Buterin published <a href="https://www.coingabbar.com/en/ethereum-news-today-vitalik-roadmap-2030-hegota-eth-coinbase" style="font-size: 16px; background-color: rgb(255, 255, 255)" rel="noopener noreferrer nofollow">a 2030 roadmap essay</a> on September 27. It is called the Hegota upgrade, planned for 2027, possibly the last "normal" fork, and targets 4 to 8 second slots by 2030.&nbsp;
ETH ETF recorded $86.95 million net inflow on September 25, while $689.8 million weekly inflows per SoSo Value data.&nbsp;
<h2 id="span-span-style-font-size-16px-altcoin-market-today-season-index-dominance-and-top-coin-now-span-span">Altcoin Market Today: Season Index, Dominance and Top Coin Now</h2>
Altcoins hold roughly $1.2T in value, based on the <a href="https://coinmarketcap.com/charts/altcoin-season-index/" rel="noopener noreferrer">CoinMarketCap Altcoin Season Index</a> chart.&nbsp;
<img alt=" CoinMarketCap Altcoin Season Index" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/9DhQvsTh2kNWa9sA55SlfnvkOSOs5HdWICq9GOCv.png" width="300" title=" CoinMarketCap Altcoin Season Index">
It reads at 65 out of 100 as of Sept 28. That leaves it below the 75 mark for a full altcoin season. Over 90 days, PONS leads the top 100 with +5,406%, followed by ZEC (+299%), ENA (+269%) and QNT (+266%).
<h3 id="span-span-style-font-size-16px-major-crypto-news-today-bitget-hack-scam-alert-and-california-law-span-span">Major Crypto News Today: Bitget Hack, Scam Alert and California Law</h3>
Bitget hack: About $380M to $387.5M was stolen on September 24. Attackers used a flaw in a third-party security product and stolen internal credentials. Private keys and cold wallets were not hit. <a href="https://www.coingabbar.com/en/bitget-hack-update-thorchain-funds-withdrawal-date-resume" rel="noopener noreferrer nofollow">Bitcoin withdrawals resumed</a> September 28 at 08:00 UTC, and other assets returned in phases. Some stolen funds moved through THORChain, which sparked a public dispute over decentralization.
<a href="https://www.coingabbar.com/en/giwa-mainnet-ethereum-layer-2-fake-crypto-scam-drain-eth-today" rel="noopener noreferrer nofollow">GIWA scam</a>: The Upbit-backed Ethereum layer 2 says its mainnet has not launched. A fake network using Chain ID 9134 pulled in about 767.65 ETH from 1,335 addresses and drained about 766.25 ETH.
California law: Governor Gavin Newsom signed AB 2409, which bars officials from issuing meme coins and blocks listings that use an official's likeness.
Global liquidity: Combined M2 money supply of four major central banks hit a record $103.66T, up about $1T in August.
<a href="https://www.coingabbar.com/en/starx-network-news-strx-staking-launch-apy-and-terms" rel="noopener noreferrer nofollow">StarX Network launched</a> STRX staking today with three options: 12% APY for 30 days, 18% for 90 days and 26% for 180 days. The minimum is 500 STRX. These rates are project claims, and the reward source is not explained.
<h2 id="span-span-style-font-size-16px-what-could-shape-the-crypto-market-next-key-moves-ahead-span-span">What Could Shape the Crypto Market Next: Key Moves Ahead</h2>
Macro pressure remains the main driver. Markets price a 65% chance of a Fed hike in October. These dates matter most:
Sept 30: August PCE inflation report
Oct 1-2: ISM manufacturing PMI, then the US jobs report at 8:30 a.m. ET
Oct 14: Consumer Price Index release
Oct 27-28: Federal Reserve rate meeting
Nov 3: US midterm elections, which could decide the fate of the CLARITY Act
The full calendar is in this <a href="https://www.coingabbar.com/en/key-events-of-this-week-fed-rate-decision-boj-pce-gdp-payrolls" rel="noopener noreferrer nofollow">weekly events guide</a>. Bitcoin needs to hold near $83,000 to keep the September rebound intact. Inflation data, more than headlines, will likely decide where the crypto market today goes next.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.&nbsp;

What Happened in Crypto Market Today: Liquidations, ETF and Major News

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