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.

bitcoin

Price

Market Cap

BTC

$2.26T

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

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