The S&P 500 has a 'breadth' problem. Crypto doesn’t.

Your day-ahead look for Sept. 22, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Sept. 22, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Bitcoin failed to break past the $87,300 resistance level, retreating below $86,000 after encountering selling pressure similar to Monday's session. Meanwhile, Bitcoin Cash surged approximately 28% following the announcement of its listing on CME futures. Zcash also posted notable gains, rising around 9% during the same period. The movement suggests traders rotated capital from Bitcoin into altcoins amid the latest market session.

Bitcoin consolidated around $86,000 as momentum in the broader crypto market began to narrow. Data from the CoinDesk 100 index showed 38 out of 100 constituent assets trading lower on the day. Bitcoin Cash stood out as a notable exception, surging approximately 32% over a 24-hour period. The rally in Bitcoin Cash was driven by news of a CME futures listing for the asset. Meanwhile, oil markets also saw pressure, with Brent crude slipping below $100.

BitMEX, the cryptocurrency exchange co-founded by Arthur Hayes, has officially shut down operations after 11 years in business. The platform has halted all trading activity and suspended new deposits as part of its wind-down process. BitMEX is credited as a pioneer of perpetual futures contracts in the crypto industry. Users who still hold funds on the platform retain the ability to log in and withdraw their assets during the ongoing closure.

Wallets linked to collapsed exchange FTX and its sister firm Alameda Research have transferred approximately $75 million worth of ether to crypto market maker Wintermute. The movement was identified and reported by onchain analysts PeckShield and EmberCN. The funds were traced to a wallet associated with Wintermute, though the exact purpose of the transfer remains unclear. Neither a sale nor any other specific reason for the transaction has been officially confirmed by the parties involved.

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