Bitcoin, XRP, Ethereum Recovering After Selloff. Why Cryptos Are Rising Today.
September 23, 2025
Bitcoin was edging higher on Tuesday as cryptocurrencies pared back some of their losses from the previous session’s dramatic slump.
The world’s largest token by total market capitalization climbed 0.4% to $113,161 over the past 24 hours, according to CoinDesk. It’s now trading about 10% off the record high it hit last month.
Ethereum climbed 0.3%, Solana slid 0.9%, and XRP rose 1.7% over the past 24 hours, per data from the Kraken crypto exchange.
The move higher came after a brutal selloff on Monday. The slump appeared to reflect a buildup of excess leverage after last week’s Federal Reserve decision to cut interest rates by a quarter point, which meant a drop in Bitcoin in early trading snowballed into a broader selloff.
Those bouts of volatility have become the norm for crypto investors, but bulls remain confident that Monday’s slump will end up being an isolated dip. Digital assets have surged this year thanks to U.S. lawmakers passing a slew of crypto-friendly regulations and institutional investors pouring money into spot exchange-traded funds.
“Overheated funding post-Fed left traders exposed,” Maja Vujinovic, CEO of Digital Assets at the Ethereum treasurer FG Nexus, said talking about the rate cut.
“But history shows that these ‘leverage washes’ often mark a healthier base…We’re more likely heading into consolidation than capitulation,” she added.
Write to George Glover at george.glover@dowjones.com
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