[LIVE] Crypto News Today, September 23 – Bitcoin Battles $112K Support, Meme Coins Bleed: Best Meme Coins To Buy Right Now?

The crypto market is on edge this Monday as Bitcoin BTC ▲0.45% trades at $113,063, after briefly touching $111,500 earlier in the session. With September living up to its “Red September” curse, altcoins are taking heavy losses, and meme coins are among the hardest hit. Dogecoin DOGE ▲1.53%, Shiba Inu SHIB ▲1.41%, and other top names have dropped between 10% and 20% in the last 24 hours, leaving traders scanning the charts for recovery plays.

Some traders are eyeing Bonk: after falling into oversold territory, it is starting to attract attention as one of the best meme coins to buy during the dip.

But let’s see what this last week of September has in store for us.

24h7d1y

EXPLORE: Best Meme Coin ICOs to Buy in 2025

Last Red Week Before “Uptober”?

Traders are on the edge as the final week of September begins. Bitcoin is now less than 4% away from closing another down month in what is historically its weakest period. After sliding from $115K, BTC retested $111,500 before bouncing back above $113K. Analysts warn that if the $112K level fails, BTC could slide toward $108K or even $100K.

With volatility guaranteed, the key question remains: will Bitcoin manage to survive “Red September,” or will we need to wait for “Uptober” to bring relief?

Historically, October has been one of Bitcoin’s strongest months, with positive returns in most years. That seasonal pattern is fueling hope that Q4 could bring a turnaround, even if September ends in the red.

Uptober is approaching 👀 pic.twitter.com/bpv87mxag5

— zubic (@zubic_eth) September 23, 2025

DISCOVER: Is Avalanche Crypto The Next Crypto Treasury Darling?

Best Meme Coins to Buy: Is Bonk Oversold or a Breakout Opportunity?

The broader downturn has put meme coins under extreme pressure. Dogecoin and Shiba Inu lost double digits, but BONK is now showing early signs of resilience. Technicals indicate that BONK has entered an oversold zone, with Relative Strength Index (RSI) readings suggesting a potential bounce. Traders are beginning to speculate that BONK could emerge as one of the best meme coins to buy ahead of a recovery.

BONK is testing strong daily support near 0.00001969. If buyers defend, a rebound toward 0.00003 is likely; failure could trigger deeper downside. Watch volume and RSI for confirmation. And of course, Bitcoin price action.

Added some more $BONK

Deeply oversold on the 4 hour
In the liquidity demand zone
Retest of the breakout trend line holding
0.00002 support level held post the $2B in liquidations pic.twitter.com/JQqjt7nhR1

— Kadense Pengu°❗️❗️❗️ (@iamkadense) September 23, 2025

Adding fuel to that narrative is BONK’s expanding ecosystem. The project is aiming to become a leading launchpad in the U.S., with upcoming features including a streaming platform and innovative token mechanics that could set it apart from other meme-based tokens. If successful, BONK may transform from speculative hype into a more sustainable platform play.

For now, the spotlight stays on Bitcoin’s $112K support zone. If it holds, the path toward “Uptober” remains intact. If not, the final week of September could test even the most seasoned crypto traders’ patience.

XRP Price Drops Below $2.85 as ETF Hopes and 401(k) Access Loom

By Fatima

Institutional crypto companies are all in on the XRP price. Dare we say based? XRP’s run topped out at $3.50 earlier this month before sliding to $2.6935 on September 22, its lowest since July. The drop marks five straight days of losses, even with rate cuts and ETF speculation in the backdrop.

Meanwhile, technical indicators are tilting bearish for XRP. The 200-day SMA hangs above $2.99, RSI sits in the 40s, and a head-and-shoulders pattern forms with a neckline at $2.85. A clean break could drag prices toward $2.70.

Key level being retested… hold the higher low here, and $BTC likely pushes for $120,000 next,” trader Jelle noted, pointing to Bitcoin’s role in steering sentiment across majors.

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CZ’s YZi Labs Eyes External Investors as $10B Crypto Fund Considers Public Move

By Fatima

Binance co-founder Changpeng “CZ” Zhao’s $10 billion investment arm, YZi Labs, is considering opening its fund to external capital and potentially converting into a public investment vehicle. Ella Zhang, head of YZi Labs, says investor interest is strong but emphasizes that the firm is still not ready for full external access.

Spun out of Binance in early 2025, YZi Labs already holds about 70% of its portfolio in digital assets. It accepted around $300 million in external funding back in 2022, although parts of that capital were later returned. Regulatory interest is increasing: SEC Chair Paul Atkins requested a private demo after missing YZi’s demo day at the New York Stock Exchange.

While its expansion into AI and biotech teams continues, Zhang says the firm must first build internal expertise and infrastructure before offering external access.

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Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she’s not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,…
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