CryptMarket Analysis — 23-09-18
Crypto markets endured a sharp downturn over the past four hours, as Bitcoin plunged below $112K, triggering over $1.5 billion in liquidations and sending altcoins including Ether and Dogecoin down more than 10%. The selloff accelerated following the SEC's approval of major crypto ETF listing standards, a move that opens the door to new products but has spooked traders who fear supply dilution and uncertain demand. Safe-haven flows rotated into gold, which hit record highs in the aftermath, underscoring risk aversion and a loss of bullish momentum in digital assets. Short-term market sentiment is decisively negative, fueled by volatility and macro headwinds, with investors now anxiously awaiting further Fed commentary and inflation signals before reassessing risk exposure.