CryptMarket Analysis — 24-09-18
The crypto market faced renewed selling pressure today, with bitcoin plunging below key support at $112,000 and broader altcoins leading a $1.5 billion liquidation wipeout. Investors are rotating out of crypto into equities as macro uncertainty rises, compounded by anticipation around upcoming Federal Reserve commentary and PCE inflation data. Regulatory developments add further volatility: the SEC approved major rule changes that could open the floodgates for bitcoin and crypto ETFs, while Morgan Stanley announced a landmark partnership to enable E-Trade clients to trade BTC, ETH, and SOL—potentially unlocking $1.3 trillion in trading volume from 2026. The mix signals a market in flux, with short-term sentiment tilted negative but major institutional interest foreshadowing future upside.