The cryptocurrency market experienced notable developments today, September 20, 2025. Here’s a concise overview of the key events:
📈 Market Overview
Bitcoin (BTC) is trading at $115,943, experiencing a slight decline of 0.35% over the past 24 hours. Ethereum (ETH) follows at $4,468.35, down approximately 1.5%. Other major cryptocurrencies such as BNB, Cardano (ADA), and XRP also saw modest decreases today.
CoinDesk
🏦 Institutional Developments
In a significant move, IG Group, a London-listed financial markets firm, acquired Independent Reserve, an Australian digital token platform, for up to £60.8 million. This acquisition strengthens IG’s presence in the Asia-Pacific crypto markets and adds a team of crypto specialists to its operations.
The Times
⚖️ Regulatory Updates
The UK’s Financial Conduct Authority (FCA) proposed exempting crypto firms from certain key regulatory principles that are standard for other financial services companies. This move aims to make the UK more competitive in the global crypto market while maintaining minimum standards to protect consumers.
Reuters
💰 Market Volatility
Over $4.3 billion in Bitcoin and Ethereum options are set to expire today, potentially causing short-term volatility before markets stabilize.
Crypto Economy
🆕 Emerging Projects
Newcomer Layer Brett is gaining traction with a presale price of $0.0058 and promises robust returns backed by fast transaction speeds, low fees, meme-driven branding, and an impressive staking yield of 690% APY. The project’s ambitious goal ties into the growth of Ethereum Layer 2 networks, with projections of $10 trillion in annual processing by 2027.
Indiatimes