Crypto Price Today (September 17): MYX and AERO Gains, Monero Losses

TheCryptoTimesPubblicato 2025-09-17Pubblicato ultima volta 2025-09-17

The crypto market showed new energy on September 17, with MYX Finance (MYX) experiencing the highest gain. According to CoinMarketCap, the global crypto market cap rose to $4.02 trillion, reflecting a 0.82% increase over the last 24 hours. Trading volume also saw an increase, reaching $149.18 billion, which is up by 10.16%.

Bitcoin (BTC), the leading cryptocurrency, was trading at $116,067, a 0.74% gain in the past day with a trading volume of $49.16 billion. Following closely was Ethereum (ETH), priced at $4,487.85 after a daily increase of 0.53% and $35.83 billion in trading activity.

Top Gainers Push Market Higher

MYX Finance (MYX) was the top gainer after a 58.34% jump, trading at $17.24  with a trading volume of over $597 million. In second place, Aerodrome Finance (AERO) saw an increase of 6.19%, reaching $1.28, backed by a volume of $132.15 million.

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Top Gainers, Source: CoinMarketCap

Story (IP) was also among the gainers’ side, climbing 6.11% to hit $10.10 with $110.41 million in trades. Meanwhile, Sky (SKY) rose by 5.81% to $0.07609, and PancakeSwap (CAKE) moved up 4.62% to $2.56.

Monero Leads Decliners

Monero (XMR) took the lead as the biggest loser, dropping 4.65% to settle at $303.08, with a trading volume of $143.99 million. Following closely was Worldcoin (WLD), which fell 3.22% to $1.51, and MemeCore (M), which saw a decline of 3.07% to $2.42.

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Top Losers, Source: CoinMarketCap

Sei (SEI) saw a drop of 2.04%, landing at $0.3119, while Ethena (ENA) fell by 1.89% to $0.689. Despite the decline, Ethena had the highest trading volume among the losers, with $454.88 million.

Market Overview

According to the cryptomarket overview data, Market sentiment was steady, shown by the Fear and Greed Index sitting at 51. 

Meanwhile, with the Altcoin Season Index at 71, it is evident that Bitcoin dominates the altcoin market. Bitcoin accounted for 57.5% of the market share, while Ethereum was at 13.5%, leaving the rest of the altcoins with 29.1%.

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Crypto Market Overview, Source: CoinMarketCap

According to the Coimarketcap chart, ETF flows took a positive turn, bringing in $230.6 million in net inflows. 

Derivatives activity was also robust, with perpetual contracts reaching $930.29 billion and futures at $3.97 billion. Bitcoin’s implied volatility was at 38.24, but Ethereum’s was notably higher at 66.57.

Altcoins like MYX Finance are gaining as more investors jump in, but Monero’s drop proves the market is still unpredictable.

Also Read: Bitcoin Whale Buys $680M in BTC Ahead of Fed’s Rate Cut Decision


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Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

A new working paper from the Federal Reserve Bank of Cleveland provides a novel explanation for cryptocurrency's divergence from traditional financial assets. It finds that American crypto investors are distinguished not by demographics or risk tolerance alone, but by their radically different beliefs about future returns. This divergence in expectations better explains who owns crypto than factors like age or income, a reversal of the pattern seen with stocks or bonds. The research, based on surveys of up to 25,000 US households, shows crypto owners expected an average 22% annual return, compared to just 7% for non-owners. A one-percentage-point increase in an individual's expected return was linked to a 0.8-point rise in ownership likelihood. A randomized experiment revealed that simply showing information about Bitcoin's past 12-month performance increased respondents' desired crypto portfolio share by about 47% and spurred subsequent purchases, primarily among those who previously felt uninformed. The study suggests this dynamic—where past gains attract new buyers, pushing prices higher and reinforcing bullish beliefs—could fuel speculative bubbles. It also indicates crypto wealth gains are treated more like "gambling winnings" than permanent income, boosting purchases of durable goods but not everyday spending. The broader conclusion is that crypto volatility stems partly from investor disagreement and learning, not just market fundamentals. With widespread misunderstanding and shifting expectations driven by performance data, price swings are likely to remain a defining feature of the asset class. Future retail demand may depend not just on Bitcoin's price, but on what information investors receive about its past performance.

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Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

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