XPL, ASTER big dump 16%, Bitcoin regains dominance

Driven by optimistic sentiment from artificial intelligence and low Intrerest Rate, the S&P 500 index achieved its best performance in 15 years in September, undeterred by the potential crisis of the U.S. government being forced to shut down at midnight. The crypto market experienced a slight fall, with Bitcoin (BTC) retreating to 113K, and Ether (ETH) dropping to 4,100 USD, but the Fear & Greed Index rose back to a neutral range of 43. As funds flowed out of alts, Bitcoin's dominance returned to 58.33%. The recently popular new coins Plasma (XPL) and Aster (ASTER) saw their prices drop by 16% yesterday.

The U.S. government shutdown is imminent.

In Washington, Republicans controlling both chambers of Congress and the minority Democrats have yet to reach an agreement on a temporary funding bill aimed at averting a government shutdown on Wednesday. This deadlock could lead to the first paralysis of many departments of the U.S. government in nearly seven years, preventing the American public from receiving services and forcing federal workers' salaries to be suspended.

U.S. President Trump threatened that if Congress fails to complete funding before the midnight deadline, he will dismiss federal workers and cut programs supported by Democrats.

Traders are concerned that a government shutdown will delay the non-farm payroll data to be released by the U.S. Bureau of Labor Statistics on Friday. Economic data from the past month shows that the labor market is slowing down, while inflation is relatively manageable—though still above the Federal Reserve's 2% target.

(Trump announced a federal government shutdown plan, which will affect the Labor Department's suspension of employment reports and other economic data)

XPL and ASTER fell by 16%, Bitcoin returns to dominance.

The crypto market fell slightly, with Bitcoin (BTC) retreating to 113K, and Ether (ETH) dropping to 4,100 dollars. The fear and greed index has risen to a neutral range of 43.

As funds flow out of altcoins, Bitcoin's dominance has returned to 58.33%, the highest level since June 2025. ETH and other coins have performed poorly, with ETH's dominance falling to 12.8%. In times of macroeconomic uncertainty, investors are optimistic about Bitcoin's relative stability, leading to a lack of liquidity in altcoins. As speculative demand cools, the recently hot new coins Plasma (XPL) and Aster (ASTER) saw their prices drop by 16% yesterday.

This article XPL, ASTER fell 16%, Bitcoin returns to dominance first appeared on Chain News ABMedia.