Cryptocurrency Market Continues Its Downward Trend
On the morning of September 23rd, the cryptocurrency market remained in the red. Data from the OKX exchange reveals that over the past 24 hours, Bitcoin dropped nearly 2% to $112,270; Ethereum lost 4% to $4,170; XRP retreated over 3% to $2.8; and BNB plunged nearly 5% to $980.
According to Coindesk, the primary cause is the recovery of the U.S. dollar following the Federal Reserve’s interest rate cut. When the USD strengthens, risky assets like Bitcoin often face selling pressure. Repeated failed attempts to surpass key levels indicate weakening buying momentum for Bitcoin.
Experts predict that in the short term, Bitcoin could retreat to $107,000 if selling pressure persists. Only when the price surpasses $118,000 will the downward trend be considered stabilized.
This week, investors will closely monitor statements from the Federal Reserve and U.S. inflation data—factors that could continue to significantly impact the USD and Bitcoin.
Bitcoin is nearing the $112,000 mark. Source: OKX
Fake Fanpages Promote Fraudulent Promotions
Meanwhile, in Vietnam, numerous fanpages have recently been aggressively promoting “reward” programs for signing up on international exchanges. A page named T.H advertised: “Register on Binance Desktop, activate your account, and instantly receive 150 USDT (nearly $400).” Other pages claimed that OKX is offering a Grab voucher worth $100,000 VND and a chance to win $3,000,000 VND.
In an interview with the Labor Newspaper, a Binance representative confirmed that this information is fraudulent and advised users to avoid accessing such pages to prevent scams.
OKX confirmed that they are running an official promotion from August 21st to September 30th, offering a Grab voucher worth $100,000 VND and a chance to win up to $3,000,000 VND, but only on their official fanpage. Users are urged to be cautious of fake pages.
According to OKX, there has also been a rise in P2P transaction scams where fraudsters lure victims to Zalo, send fake QR codes, and hijack accounts upon scanning. Users are advised to download apps only from the App Store or Google Play and avoid unknown sources to prevent malware installation and wallet or bank account compromise.
“Stay vigilant against fake websites, phishing emails, and social media ads. New or inexperienced users should share this information with friends and family to reduce risks,” an OKX representative emphasized.
Binance confirms this information is fraudulent
BNB Coin Smashes Records as Binance CEO CZ Declares, “This is Just the Beginning!”
Binance’s market capitalization has surged dramatically, nearing the $147 billion mark, solidifying its position as the world’s largest cryptocurrency exchange.
The $2.5M Shark Binh Handshake Vanishes by 99%: A Decade of Vietnamese Crypto and Tech Unicorns in Review
Before legal frameworks were established, investors typically engaged with international platforms. Despite this, numerous projects founded by Vietnamese innovators have made significant strides on the global blockchain map.
Is Gold Expensive or Affordable?
Even as gold achieves its strongest growth since 1979, no analyst is advising investors to slow down.
17 Million Vietnamese Traders Handle $100 Billion in Crypto Transactions Abroad
With over 17 million Vietnamese actively trading cryptocurrencies—generating an estimated annual transaction volume exceeding $100 billion—the entire ecosystem operates exclusively on foreign exchanges. This underscores the urgent need to transition to a regulated domestic marketplace, ensuring tax compliance and seamless integration within Vietnam’s financial infrastructure.
Today’s Crypto Market, September 20: All Gains Wiped Out
Bitcoin surged to nearly $118,000 during the September 19th trading session, only to retreat to around $115,600 as profit-taking pressure swiftly took hold.
