What Happened in Crypto Market Today: September 10 Crypto News
What Happened in Crypto Market Today: Bitcoin, Altcoin, Memecoin news
Red candles took over screens this Wednesday. If you're wondering what happened in crypto market today, the short version is this: Bitcoin slipped, altcoins followed, a brand new meme token lost almost everything it had, and Wall Street's biggest exchange operator just placed a massive bet on crypto's future. There's a lot to unpack, so let's walk through it piece by piece.
Key Takeaways
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Bitcoin traded near $77,944, down over 1.3% in a day, dragging Ethereum, XRP, and Solana lower with it.
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Bitcoin ETFs bled $120.24 million in a single day, even as Ethereum, XRP, and Solana funds pulled in fresh cash.
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Hunter Biden's LAPTOP meme coin crashed 99.5% from its all-time high within a day of launch, while Pi Network gets set for its September 15 mainnet upgrade.
How Big Was Today's Crypto Market Crash?
The total crypto market cap stood at $2.75 trillion today, barely moving with a 0.5% change in 24 hours, as per Coingecko data. Trading volume hit $91.9 billion, and Bitcoin's share of the total pie sat at 56.9%, with Ethereum holding 11%. Underneath that calm headline number, things got messy fast.
Bitcoin traded at $77,944.99, down more than 1.3% with a $1.564 trillion valuation. Ethereum slipped to $2,462.99, off 0.8%, with a $300.585 billion valuation. XRP dropped 3.1% to $1.37, holding an $86.233 billion valuation. Solana fell 2.5% to $100.93, valued at $59.18 billion. Every major coin closed the session in the red.
Which Coins Are Today's Biggest Gainers and Losers?
A handful of small tokens moved far more than the majors, both up and down.
| Coin | Price | 24h Volume | Change |
|---|---|---|---|
| Bifrost (BFC) | $0.03515 | $60,154,114 | +226.0% |
| Memecow (MOO) | $0.03814 | $9,369,913 | +63.7% |
| VeThor (VTHO) | $0.0006239 | $132,042,989 | +38.7% |
| Hunter Biden's Laptop (LAPTOP) | $0.7846 | $39,743,664 | -97.1% |
| GreenHood (HOOD) | $0.05225 | $8,164,332 | -46.7% |
| Orbio.so (ORBIO) | $0.01913 | $3,854,128 | -44.5% |
Bifrost led every gainer by a wide margin, while LAPTOP became the day's biggest faller, a coin we'll return to shortly.
Why Did Memecoins Crash Hard Today?
Meme tokens took a beating alongside the majors. Dogecoin fell over 6% to $0.085, holding a $13.248 billion valuation. Shiba Inu dropped 4.9% to $0.000005134, valued at $3.026 billion. Official Trump coin crashed over 10%, trading at $1.99 with a $544.044 million valuation. When risk appetite fades, meme tokens usually fall first and fall hardest, and that played out again today.
Where Did Crypto ETF Money Move Today?
Bitcoin funds took the hardest hit. Ark and 21Shares saw $77.98 million exit, Grayscale lost $27.22 million, and BlackRock gave up $19.53 million. Combined, these three drove a $120.24 million net outflow, the second biggest single day pull this month, as per SoSoValue data.
Ethereum told a different story. BlackRock's ETHB fund brought in $22.94 million, the day's highest single inflow, showing buyers stayed interested even as prices slipped. XRP funds had one of their strongest sessions this month, with Bitwise leading at $9.30 million and every other fund staying positive too. Solana ETFs had their best inflow day of the month at $11.73 million, with Bitwise again on top at $11.18 million.
Nasdaq Invests $100 Million in Kraken Parent Payward
According to Bloomberg , Nasdaq is putting $100 million into Payward, the parent company of exchange Kraken, through its venture arm. The deal values Payward at $21 billion and builds on a partnership the two firms set up in March. The goal is to speed up infrastructure for trading, settling, and holding tokenized stocks, a sign that traditional finance keeps edging closer to crypto rails.
Pump.fun Launches Custom Pairs With Tokenized Stocks
Pump.fun rolled out Custom Pairs, letting token creators launch new coins paired against tokenized stocks instead of just SOL or USDC. Creators can now pick from tokenized versions of Tesla, NVIDIA, Circle, the Nasdaq, the S&P 500, Micron Technology, and SK Hynix, among others. The move gives launches more variety and, according to the platform, deeper liquidity and lower fees.
Hunter Biden's LAPTOP Coin Crashes 99.5% From Its High
As per Wu Blockchain data, the LAPTOP meme coin fell 99.5% from its all-time high, trading near $1.614 after touching a low of $1.116, according to GMGN data. It racked up $11.74 million in trading volume. LAPTOP launched on Base on September 9 with a total supply of 1 billion tokens. Based on its disclosed 350 million circulating supply, its valuation sits near $565 million, with a fully diluted value close to $1.61 billion.
US Bank Completes Cross-Border Pilot With USBDC Stablecoin
US Bank confirmed it completed a live pilot payment using USBDC, its own dollar-backed stablecoin, moving funds cross border between its North America and Europe entities. The transaction ran on the Stellar blockchain, making USBDC one of the first bank-issued stablecoins to go live on a public chain while staying linked to the bank's existing finance and compliance systems. It marks a real step toward round-the-clock, on-chain settlement for a major US lender.
Germany Drafts Bill to End Tax-Free Crypto Rule
Germany's Federal Finance Ministry has drafted a bill to end the country's tax-free holding rule and bring in a flat 25% tax on crypto gains. Outlet Welt first reported the draft, Handelsblatt reviewed it in mid-August 2026, and a German finance ministry report later confirmed it. The push comes as the government works to plug gaps in its 2027 budget.
US Treasury Bond Yields Climb Despite Tripled Buybacks
Per The Kobeissi Letter, the US Treasury announced it's tripling long-term bond buybacks to $6 billion, yet yields kept climbing anyway. The 10-year note yield pushed above 4.85%, its highest since November 2023, up 15 basis points from before the announcement.
With the Iran war still running, the 10-year yield has moved nearly 100 basis points since fighting began, and could top 5.00% within a week without a resolution, which would raise borrowing costs for everyday buyers.
What's Next for the Crypto Market?
PPI data releases today, giving traders a fresh inflation read. The Federal Reserve meets on September 16, and the Clarity Act decision lands September 15.
On the same day, Pi Network upgrades to Protocol 27, adding more flexible and secure smart contract authentication. These four events could shape price direction through the rest of the month, and traders will likely keep asking what happened in crypto market today each time a new headline breaks.
YMYL Disclaimer: This content is for informational purposes only and does not count as financial, investment, tax, or legal advice. Cryptocurrency prices are highly volatile, and figures mentioned reflect data at the time of reporting and may change quickly. Always do your own research and speak with a licensed financial advisor before making any investment decision.
