On the morning of September 25, 2025, the cryptocurrency market once again shows a correction. Bitcoin ‘s exchange rate has fallen to $111,600, Ethereum – below $4000.

The former cryptocurrency is trading at $111,697 at the time of writing, according to TradingView. On the weekly chart, the drawdown is already more than 4%:

Ethereum, on the other hand, dropped to $3996 at one point and is now trying to find support at the $4000 level.

Other major crypto assets also experienced a drawdown. As you can see, it was altcoins that suffered the most.

The market correction led to the liquidation of traders on futures contracts. More than 127,000 addresses fell under the forced closure of positions. Total losses for the day amount to more than $400 million, and most of the damage falls on long positions.

This is not the first correction in the market recently. Earlier in the week, bitcoin also tested the area below $112,000.

One of the likely reasons for the correction in the crypto market is the threat of a U.S. government shutdown on October 1, 2025, unless a short-term funding bill (continuing resolution) is passed. This will require the approval of at least 60 members of the Senate, i.e. seven Democrats with full support of Republicans.

This indicates that the crypto market is correlated with macroeconomic factors, as equities are also seeing a drawdown. In particular, the S&P 500 index fell 0.3% overnight.