The cryptocurrency market experienced a sharp decline on September 22, with Bitcoin dropping over 2% and Ethereum falling 5% within minutes, starting at 1:59 PM Beijing time. Solana also saw a significant 7% decrease in just three minutes. The sudden downturn occurred without any apparent catalyst, affecting the entire crypto market. Despite the initial drop, Bitcoin's price rebounded after hitting a key level of 111,900, which it had struggled to surpass in recent months. This level attracted bargain-hunting buyers, leading to a recovery in prices across the market.