{"id":11245,"date":"2025-09-19T16:29:05","date_gmt":"2025-09-19T16:29:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/why-is-crypto-going-down-myx-finance-worldcoin-pepe-lead-losses\/"},"modified":"2025-09-19T16:29:09","modified_gmt":"2025-09-19T16:29:09","slug":"why-is-crypto-going-down-myx-finance-worldcoin-pepe-lead-losses","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/why-is-crypto-going-down-myx-finance-worldcoin-pepe-lead-losses\/","title":{"rendered":"Why is crypto going down? MYX Finance, Worldcoin, Pepe lead losses"},"content":{"rendered":"
\n

The crypto market is going down today, Sept. 19, with popular tokens like MYX Finance, Worldcoin, and Pepe among the top laggards.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • The crypto market is crashing as profit-taking continues.<\/li>\n
  • MYX Finance, Worldcoin, and Pepe were among the top laggards.<\/li>\n
  • The drop is also happening after the Federal Reserve cut.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Bitcoin (BTC) price dropped to $116,000, while other large names like Dogecoin (DOGE) and Ethereum (ETH) fell by over 3% in the last 24 hours.<\/p>\n

    MYX Finance (MYX) price dropped to $11.77, down by over 35% from its highest point this week. Sam Altman\u2019s Worldcoin (WLD) plunged to $1.5170, down by 31% from the YTD high, while Pepe (PEPE) is down by over 15% from this week\u2019s high.<\/p>\n

    Crypto going down amid profit-taking<\/h2>\n

    One of the main reasons the crypto market is going down is profit-taking among investors following days of strong gains. Indeed, a look at some of the top laggards shows they were the biggest gainers during the week.<\/p>\n

    Pepe Coin was up by 40% from its lowest level this month, while MYX Finance jumped by almost 2,000%. Worldcoin jumped by 167% from its lowest point this month after Eightco launched a WLD treasury <\/strong>and named Dan Ives as a director.\u00a0<\/p>\n

    It is common for the stock and crypto markets to take a breather after a big rally. This scenario has been more pronounced in the crypto industry recently, with any rally finding substantial resistance.<\/p>\n

    <\/p>\n

    Selling the news after the Fed interest rate cut<\/h2>\n

    The other main reason crypto is going down is that investors are selling the news after the Federal Reserve\u2019s interest rate cut. In a statement on Wednesday, the FOMC slashed rates by 25 basis points and hinted at more cuts at its next meeting.<\/p>\n

    A Federal Reserve cut is typically bullish for Bitcoin and other cryptocurrencies. However, this cut was priced in by market participants, with Polymarket odds of a cut above 90% before the meeting.<\/p>\n

    Bitcoin price rising wedge pattern<\/h2>\n
    <\/figure>\n

    BTC price chart | Source: crypto.news<\/p>\n

    Additionally, crypto traders are likely concerned that the Bitcoin price has formed a rising wedge and a bearish divergence pattern. A rising wedge is composed of two ascending and converging trendlines, and a bearish breakout happens when the two lines are about to converge.<\/p>\n

    The Relative Strength Index has formed a descending channel, a sign of bearish divergence. These two patterns point to a Bitcoin crash, which may impact other altcoins.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The crypto market is going down today, Sept. 19, with popular tokens like MYX Finance, Worldcoin, and Pepe among the top laggards. Summary The crypto market is crashing as profit-taking…<\/p>\n","protected":false},"author":1,"featured_media":2316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11245"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11245\/revisions"}],"predecessor-version":[{"id":11246,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11245\/revisions\/11246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2316"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}