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CoinCatch Market Daily Report (September 19, 2025)
Beginner
2025-09-19 | 10m
On September 19, BTC and ETH in the crypto market continue to fluctuate within a range, market sentiment is cautiously optimistic, and the fear and greed index is neutral. Meanwhile, Ethereum co-founder and Consensys CEO Joseph Lubin said that MetaMask will be launching its much-anticipated native token in the near future; Nasdaq-listed Forward Industries has submitted a prospectus to the SEC, announcing plans to sell $4 billion in shares to bolster its Solana reserves; Plasma has launched its mainnet beta with $2 billion in active stablecoin liquidity and over 100 integrated DeFi partners.
Crypto Market Overview
BTC (-0.18% | Current Price: $116,923.02)
BTC has been fluctuating around $117,400 for the past two days, with repeated attempts to reach $117,900 failing. Significant upward pressure is evident. Bitcoin has been fluctuating between its 50-day simple moving average (SMA) at $114,320 and overhead resistance at $117,500. If the price breaks above $117,500, it could ascend towards $120,000 and potentially $124,474. Conversely, a drop below the 20-day exponential moving average (EMA) suggests it might remain in the $107,000 to $117,500 range. Trading strategies are recommended, with a focus on key support and resistance levels. On September 18th, BTC ETFs saw a net inflow of $163 million, including $97.4 million into Fidelity's FBTC, indicating that institutional funds are increasing their Bitcoin holdings and strengthening their allocation to the asset.
ETH (-0.86% | Current Price: $4,534.52)
ETH has fallen after encountering resistance at $4,767 and is currently consolidating around $4,600. Overall, the market remains volatile and poised for growth. Trading volume is low, with investors primarily on the sidelines. A break above the $4,650–4,700 range could lead to renewed attempts to retake previous highs. A break below $4,500 could trigger a pullback to $4,400. Trading strategies should follow the trend and focus on support levels. On September 18th, ETH ETFs saw a net inflow of $213.1 million, with Fidelity FETH saw $48.1 million in inflows. Ethereum ETFs logged $788M in net outflows over the past week, with zero inflows recorded, while Bitcoin ETFs attracted $246M (CryptoGucci). This marked the first sustained ETH ETF outflow streak since July 2025. The outflow reflects institutional risk aversion and capital rotation toward Bitcoin, which has stronger ETF momentum (BTC dominance rose to 57.13%). Reduced ETF demand removes key price support for ETH, particularly after its 86% 90-day rally.
Altcoins
Most major altcoins saw slight gains today, with the market trending toward a "neutral/slightly buy" stance amid cautious optimism. Amidst a slight decline in Bitcoin's dominance rate, some funds are flowing from Bitcoin into altcoins with application and utility, such as Ethereum and Solana. Today's crypto market Fear and Greed Index stands at 52, remaining in neutral territory, indicating neither excessive panic nor extreme greed.
Macro Data
Central bank decisions, particularly by the U.S. Federal Reserve, on interest rates significantly impact the crypto market. Higher Rates: Historically, rising interest rates reduce market liquidity, increase borrowing costs, and make traditional investments more attractive, potentially leading to lower investment in riskier assets like cryptocurrencies. This trend was observed in 2022 when crypto prices struggled amid rising rates. Lower Rates: Conversely, lower interest rates can increase liquidity, reduce borrowing costs, and boost investor risk appetite, potentially driving more capital into cryptocurrencies. The expectation of lower rates can also positively influence crypto prices. Gold is currently trading at $3,652.44, up 0.21%. On September 19, the S&P 500 gained 0.48% to 6,631.96 points; the Dow Jones Industrial Average gained 0.27% to 46,142.42 points; and the Nasdaq Composite Index gained 0.97% to 22,470.73 points.
Trending Tokens
TWT Trust Wallet Token (+40.86%, Circulating Market Cap: $480.99 Million)
TWT is trading at $1.11, up approximately 40.86% in the past 24 hours. Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on Ethereum, Binance and
TRON blockchains. Trust Wallet’s FlexGas update lets users pay Ethereum/BNB gas fees with TWT, USDT, or USDC (Trust Wallet). Over $36.9M in daily swap volume was reported on August 19, 2025.
Direct utility for TWT reduces reliance on holding native tokens (e.g., ETH), increasing transactional demand. This aligns with Trust Wallet’s focus on self-custody and user growth (200M+ users).
FTT FTX Token (+20.68%, Circulating Market Cap: $322.35 Million)
FTT is trading at $0.9801, up approximately 20.68% in the past 24 hours. FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy protection in the U.S., and is currently undergoing proceedings. Some of the information below may not reflect the current standings of the FTX exchange. FTX announced a $1.9B creditor payout starting September 30 (FTX Recovery Trust), with 98% of claimants expected to recover 119%+ of their original claims. While repayments reduce sell pressure from creditors, FTT itself isn’t part of the distribution. The rally likely reflects speculative bets on FTX-linked sentiment rather than direct token utility.
IMX Immutable (+14.72%, Circulating Market Cap: $1.7 Billion)
IMX is trading at $0.8778, up approximately 14.72% in the past 24 hours. Immutable positions itself as the first layer-two scaling solution for NFTs on
Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. Immutable announced partnerships with Netmarble (September 11) and major Web2 franchises (September 15), aiming to onboard millions of non-crypto gamers. The ecosystem now hosts 660+ games and 5.6M users, up 40% QoQ. These deals position IMX as a gateway for traditional gaming studios to enter Web3, potentially driving transaction fee revenue and staking demand. The September 25 launch of the $1M Call of Myth tournament on Immutable zkEVM adds near-term visibility.
Market News
The MASK Token Is Coming: Consensys CEO Says MetaMask’s Native Cryptocurrency Is on Its Way
Ethereum co-founder and Consensys CEO Joseph Lubin said that MetaMask will be launching its much-anticipated native token in the near future. "The MASK token is coming — It may come sooner than you would expect right now," Lubin said during an interview on The Block's "The Crypto Beat" podcast. "And it is significantly related to the decentralization of certain aspects of the MetaMask platform." Lubin explained that Consensys is actively supporting the Ethereum ecosystem's direction of progressive decentralization, and that it is using MetaMask, Infura and Linea to ensure that "rigorous" decentralization remains at the center of the ecosystem.
For years, the crypto community has been closely watching whether the most popular Ethereum wallet will launch its native cryptocurrency, an idea that dates back to at least 2021, when MetaMask engineer Erik Marks suggested the concept of community ownership of the wallet through a token launch.
While Finlay said at the time the token launch was still a "maybe," Lubin's comments on The Crypto Beat on Thursday indicate that the MASK launch plan is concrete and near.
Forward Industries to Raise $4 Billion for Solana Acquisition
Nasdaq-listed Forward Industries has submitted a prospectus to the SEC, announcing plans to sell $4 billion in shares. The proceeds will be used, among other things, to bolster its Solana reserves.
According to the statement, the flexible securities issuance mechanism will allow the firm to gradually sell them through Cantor Fitzgerald without fixed volume commitments. In addition to purchasing SOL, Forward Industries will use the funds to increase working capital and invest in income-generating assets.
The company holds 6.8 million SOL worth $1.6 billion, which it acquired through a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital in early September.
The Tether-Backed Stablecoin Project Plasma Will Launch Its Mainnet Beta Version and TGE on September 25
Plasma has launched its mainnet beta with $2 billion in active stablecoin liquidity and over 100 integrated DeFi partners. The Layer 1 blockchain also introduced its native token, XPL, and aims to power global stablecoin payments. This launch positions Plasma as the eighth-largest blockchain by stablecoin liquidity from the first day.
Plasma began operations with over $2 billion in stablecoins distributed across platforms including Aave, Euler, Ethena, and Fluid. This deployment enables instant DeFi utility such as borrowing, savings, and deep liquidity for USD₮. Moreover, the network supports zero-fee USD₮ transfers via authorization-based routing through its new PlasmaBFT consensus layer.
The protocol targets efficient, high-speed stablecoin movement to support payments, FX and merchant transactions worldwide. These features reflect Plasma’s strategy to position itself as the go-to rail for digital dollar use cases. Initially, zero-fee transfers apply only to Plasma products but will expand to third-party applications.
PlasmaBFT’s architecture focuses on throughput, composability and low costs to support global-scale financial usage. The chain connects to physical cash networks to support merchant access, peer-to-peer payments, and on/off-ramp integration. As stablecoin regulation advances, Plasma says its framework is aligned for compliance and real-world adoption.
Reference:
CoinMarketCap. (n.d.).
CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a).
Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b).
Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a).
USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today.
https://goldprice.org/spot-gold.html
The Block Research. (2025, September 18).
Consensys' Joe Lubin confirms MetaMask token is coming 'sooner than you think'. The Block.
https://www.theblock.co/post/371374/consensys-joe-lubin-confirms-metamask-token
ForkLog. (2025, September 17).
Forward Industries to raise $4 billion for Solana acquisition.
https://forklog.com/en/forward-industries-to-raise-4-billion-for-solana-acquisition/
Van, T. (2025, September 18).
Plasma mainnet beta launches with $2B stablecoin liquidity and XPL token. CoinCentral.
https://coincentral.com/plasma-mainnet-beta-launches-with-2b-stablecoin-liquidity-and-xpl-token/
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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