On September 22nd, the cryptocurrency market continued its downward trend, with major coins experiencing significant price drops. Bitcoin maintained its leading position but remained trapped in a narrow trading range, while altcoins exhibited higher volatility, further dampening investor sentiment.
Cryptocurrency Market Remains Bearish
According to OKX data, Bitcoin fell by nearly 1% to $114,600. Ethereum plunged 3.4% to $4,330, XRP dropped 2.4% to $2.915, and BNB lost 2.7%, settling at $1,030. Solana and Dogecoin also recorded notable declines, indicating widespread selling pressure across the market.
CoinTelegraph identifies the $114,000 – $117,200 range as critical for Bitcoin. Analyst Rekt Capital suggests that breaking above $117,000 could reignite upward momentum. Conversely, falling below $114,000 may push Bitcoin toward $112,000 before a potential recovery. Investors are closely monitoring upcoming U.S. economic data and Federal Reserve actions.
Bitcoin currently at $114,600. Source: OKX
Domestically, Vietnam’s cryptocurrency market is heating up following the implementation of Resolution 05/2025/NQ-CP on September 9th, initiating a 5-year pilot phase. Numerous cryptocurrency exchanges have since emerged.
New Crypto Asset Companies Launched
Most recently, Vietnam Prosperity Crypto Asset Exchange JSC (CAEX) was established on September 19th, focusing on crypto-related services. CAEX has a charter capital of 25 billion VND, with VPBank Securities contributing 2.75 billion VND (11%). The largest shareholder is LynkiD JSC (50%), followed by Future Land Investment (39%).
Earlier, on August 26th, VIX Crypto Asset Exchange JSC (VIXEX) was founded with a charter capital of 1 trillion VND. VIX Securities holds a 15% stake (150 billion VND).
Another notable company is Techcom Crypto Asset Exchange JSC (TCEX), established in May 2025, with Nguyen Xuan Minh, Chairman of Techcombank Securities, as its legal representative.
Vo Trung Tin, Vice Chairman of the Ho Chi Minh City Blockchain Association, highlights both opportunities and risks in this emerging sector. Investors, especially those with substantial capital, must educate themselves, understand legal frameworks, and comply with regulations. Pham Duy Dong of Saigontradecoin emphasizes the importance of patience, urging investors to await detailed guidelines to avoid risks associated with unauthorized fundraising projects.
September 19th Stock Market Update: Mid and Small-Cap Stocks Continue to Attract Investment Flow
The steady rise in mid- and small-cap stocks is fueling expectations that capital inflows into this segment will continue to grow.
Today’s Crypto Market, September 17: Latest Bitcoin Forecast
Alongside Bitcoin, major cryptocurrencies such as Ethereum, Solana, and BNB also recorded significant gains on the morning of September 17th.
Tomorrow’s Stock Market, September 18th: Await Market Equilibrium for Investment Opportunities
Cash flow is showing signs of caution. Investors are advised to wait for the market to stabilize before seeking new investment opportunities.
Nearly $3 Billion Poured Into Bitcoin ETFs in Just 7 Days: What’s Driving This Surge?
Amidst Bitcoin’s robust price recovery, nearing its all-time high, ETFs tracking the cryptocurrency are witnessing a significant surge in capital inflows, underscoring growing investor confidence in this emerging asset class.
September 11th Stock Market: Opportunities to Invest in Banking, Retail, and Energy Stocks?
The trading session on September 10th witnessed several stocks attracting robust buying interest, presenting investors with a strategic opportunity to selectively allocate funds during the September 11th session.
