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[LIVE] Crypto asset News Today, September 23 – Bitcoin Fights Against $112K Support, Meme Coins Decline: Top Meme Coins To Invest In Currently?
The crypto asset market is unsettled this Monday as BTC 
BTC ▲0.45% is trading at $113,063, following a brief dip to $111,500 earlier in the day. With September continuing its reputation for being a “Red September,” altcoins are suffering significant losses, particularly meme coins. Dogecoin DOGE ▲1.53%, Shiba Inu SHIB ▲1.41%, and other leading cryptocurrencies have decreased between 10% and 20% within the past 24 hours, prompting traders to analyze the charts for potential recovery plays.
Some traders are watching Bonk: after entering oversold conditions, it is starting to gain traction as a leading meme crypto token to purchase during the downturn.
However, let’s see what this final week of September brings.
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Final Red Week Before “Uptober”?
Traders are tense as September’s last week begins. Bitcoin is currently below 4% from concluding another month of losses during its historically weakest timeframe. After declining from $115K, BTC retested $111,500 before bouncing back above $113K. Analysts caution that if the $112K base level fails, BTC may drift towards $108K or possibly $100K.
With market fluctuation a certainty, the crucial question remains: will BTC endure “Red September,” or must we wait for “Uptober” to find relief?
Historically, October has been a strong month for BTC, with positive returns most years. This seasonal trend instills hope that Q4 could provide a shift, even if September concludes negatively.
Uptober is around the corner
— zubic (@zubic_eth) September 23, 2025
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Meme Coins to Consider: Is Bonk a Buy or Oversold?
The overall trading market downturn has severely impacted meme coins. Dogecoin and Shiba Inu have seen double-digit losses, yet BONK is starting to show early signs of strength. Technical analysis suggests that BONK has reached an oversold condition, with Relative Strength Index (RSI) readings indicating a potential recovery. Traders are starting to think that BONK might become one of the best meme coins to purchase before a possible upswing.
BONK is testing robust daily base level around 0.00001969. If buyers can maintain this level, a rise towards 0.00003 is probable; a breakdown could lead to further declines. Monitor volume and RSI for validation. And, of course, keep an eye on Bitcoin’s price movements.
Loaded up on more $BONK
Deeply oversold on the 4-hour
In the market fluidity market demand zone
Retest of the price breakout trend line is holding
0.00002 price floor level stands post the $2B in liquidations pic.twitter.com/JQqjt7nhR1— Kadense Pengu°
Adding to this narrative is BONK’s growing ecosystem. The project aims to establish itself as a prominent launchpad in the U.S., with new features on the horizon such as a streaming network and innovative coin mechanics that could differentiate it from other meme-centric tokens. If successful, BONK could evolve beyond speculative hype to become a more stable network play.
For now, the focus remains on Bitcoin’s $112K price floor area. Should it hodl, the route towards “Uptober” could stay on course. If it doesn’t, the closing week of September may challenge even the most experienced crypto traders’ endurance.
XRP Price Falls Below $2.85 as ETF Possibilities and 401(k) Access loom
Institutional crypto asset firms are committed to the XRP price. Should we consider it reliable? XRP’s surge peaked at $3.50 earlier this month before dropping to $2.6935 on September 22, its lowest since July. The decline marks five consecutive days of losses, despite the backdrop of rate reductions and ETF speculation.
Currently, technical metrics are leaning pessimistic for XRP. The 200-day SMA is positioned above $2.99, RSI readings are in the 40s, and a head-and-shoulders pattern is emerging with a neckline at $2.85. A decisive break could pull prices down toward $2.70.
Important level being retested… maintain the higher low here, and $BTC is likely to aim for $120,000 next,” investor Jelle pointed out, highlighting Bitcoin’s influence on major crypto sentiments.
CZ’s YZi Labs Pursues External Investors as $10B Crypto Fund Contemplates Public Move
Binance co-founder Changpeng “CZ” Zhao’s $10 billion investment branch, YZi Labs, is considering allowing external capital into its fund and possibly transitioning into a public investment entity. Ella Zhang, leading YZi Labs, states that interest from investors is high, but stresses that the firm is not yet ready for full external engagement.
Originating from Binance in early 2025, YZi Labs already maintains approximately 70% of its investments in digital assets. It acquired around $300 million in external funding back in 2022, although some of that capital was subsequently returned. Regulatory interest is climbing: SEC Chair Paul Atkins sought a private presentation after missing YZi’s demo day at the New York Stock Trading platform.
While its foray into AI and biotech teams continues, Zhang stresses that the firm must first cultivate internal expertise and infrastructure before providing external access.
The post [LIVE] Crypto Announcement Today, September 23 – Bitcoin Faces $112K Support, Meme Coins Suffer: Top Meme Coins To Purchase Now? appeared first on 99Bitcoins.
