Crypto Market Mixed: Aster's Gain, Trump's UN Speech Boosts Risk Assets
President Trump's upcoming appearance at the UN General Assembly has sparked a temporary boost in risk assets, including cryptocurrencies. Despite this, major cryptocurrencies like Bitcoin, Ethereum, and Solana are currently down on the day.
The cryptocurrency market has seen mixed fortunes this week. While only four non-stablecoins have reported green weeks, Aster has emerged as a notable performer, leading the way with a significant gain. However, Aster's recent 13.5% daily dive has resulted in approximately $13 million in liquidations.
On Wednesday, September 24, outside of Bitcoin and Ethereum, Solana triggered the most liquidations, with about $73.29 million liquidated. This was followed by assets like XPL and Dogecoin, with liquidation amounts of $61.08 million and $20.25 million respectively. Overall, over $442 million worth of crypto liquidations have occurred in the past 24 hours, with most of these being long positions.
Investors are advised to keep an eye on the Fed's rate policy and U.S. labor data for medium- to long-term capital flows. Despite the recent fluctuations, Aster remains one of the few top 100 coins with a green weekly candle, indicating potential resilience in the face of market volatility.
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