Latest Crypto Market News Today, September 26: Plasma (XPL), ASTER, Avantis (AVNT), and STBL Correcting as BTC USD and ETH USD Pairs Stay in Hell

Hyperliquid’s token, HYPE, has crashed 27% in just five days, dropping to $39 before clawing back to $42.9. The dump comes as Binance founder Zhao Changpeng (CZ) launched Aster: a rival project now dominating trading volumes and retail attention. The timing has raised questions: has CZ effectively engineered Hyperliquid’s downfall? For now, new Binance Listings are dominating the market and headlines and HYPE is falling behind.

Yet in crypto, tides turn fast — Aster’s hype could vanish as quickly as it appeared, with HYPE seizing back momentum.

$ASTER not looking horrible, volume is definitely slowing down. If this thing wants to continue and put in another leg higher, it happens here. pic.twitter.com/ZiEGQeSKWs

— Castillo Trading (@CastilloTrading) September 26, 2025

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The question on every trader’s lips right now is ‘Why is crypto dropping?’ after $1 1Bn in liquidations were wiped out in the past 24 hours, and the global market cap for crypto dropped -2% to under $3.9Bn.

Bitcoin BTC ▼-0.16% is now trading under $110,000, while Ethereum continues to disappoint its investors by dropping under $4,000 and struggling to reclaim that key level.

Many within the market believe that this is the final flush of longs before ‘Uptober’, with the probability of a further 25bps rate cut from the Fed in next month’s FOMC meetings looking favorable, and an influx of altcoin spot ETFs set to hit the market. In this downtime, we decided to ask Grok 4.0 for its prediction on when the current bull market will come to an end, and the answer may not be what crypto bulls want to hear.

Bitcoin

Price

Market Cap

BTC

$2.18T

24h7d30d1yAll time

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The entire cryptocurrency market is in a dip, with Bitcoin slipping below $110,000, which is causing widespread panic among investors. However, specific projects, such as XPL and MYX crypto, continue to defy the drop, sparking rumors that one or both projects may be among the new Coinbase listings for Q4.

While the combined crypto market cap has fallen -2.1% overnight, losing $150Bn in value as it slides to $3.8Tn, XPL is up +45% from its yesterday’s low, and MYX Finance, while down -4% overnight, is holding steady above $9 after its +700% run in September.

(SOURCE: CoinGecko)

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Polkadot is back in the spotlight as traders hunt for the next 1000x crypto heading into Q4 2025. Known for its innovative parachain ecosystem and focus on blockchain interoperability, Polkadot is making a lot of fundamental upgrades and partnerships.

DOT has shown signs of stabilization after a turbulent start to the year, with investors cautiously optimistic about its long-term potential. With crypto price volatility still high and retail investors swinging between FOMO and FUD, the coming months could prove decisive for DOT’s trajectory.

But can Polkadot really deliver life-changing returns in 2025, or is the 1000x dream out of reach? Let’s break down recent developments, Q4 expectations, and the technical outlook for DOT.

Polkadot

Price

Market Cap

DOT

$6.56B

24h7d30d1yAll time

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Bitcoin just broke key resistance and crashed, right after the $1.7 billion total crypto liquidation four days ago, followed by another crypto liquidation clocking at $1.12 billion.

However, ETH is leading the liquidation numbers with $425M long liquidations over the $272M BTC. More than 250.000 traders were liquidated, with the largest single liquidation happening on Hyperliquid, an ETH-USD  pair with a value of $29.12 million.

Is this going to be the bottom that traders are looking for in October, or is this the start of the bear market?

Let’s find out.

(Source – Coinglass)

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