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The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
QCP Capital analysts have warned of downside risks for the crypto market, with Bitcoin potentially sliding to $107,000 and Ethereum to $3,300 if the correction continues.
The SOL/USD pair continues to trade within a long-term uptrend channel. Last week, the price tested its upper boundary after the Fed’s interest rate cut and the launch of a Ripple ETF, climbing toward 250.00 (Murray level [8/8]). However, the bulls failed to hold the level, and a downward correction followed. At present, the pair is approaching 203.12 (Murray level [5/8], 61.8% Fibonacci retracement). A breakout below this level could extend the decline toward 183.80 (50.0% Fibonacci retracement) and 171.88 (Murray level [3/8]). For buyers, the key threshold lies at the middle Bollinger Band around 227.50; a move above it would reopen the path toward 250.00 and 265.62 (Murray level [+1/8]).
Ethereum co-founder Vitalik Buterin has urged the adoption of open and verifiable systems in key sectors such as healthcare, finance, and public governance, warning that centralized infrastructures erode trust and weaken security.
A group of major European banks has joined forces to create a consortium aimed at issuing a euro-pegged stablecoin under MiCA regulations. The initiative seeks to provide a European alternative to the dominance of U.S.-based stablecoins.
Crypto Exchange Gate.io has unveiled its own Layer-2 network, Gate Layer, while also refreshing the tokenomics of its native GT token.
Native Markets has officially launched the USDH stablecoin on Hyperliquid, opening trading in the USDH/USDC pair. The debut generated around $2.1 million in initial volume, according to Hyperliquid
The XRP/USD pair has been trading within the 3.1250–2.7344 range (Murray levels [4/8]–[2/8]) for the second consecutive month and has yet to break out. Last week, the instrument once again tested the upper boundary of this corridor following the launch of the first U.S. spot ETF based on XRP from REX Shares.
Arthur Hayes thinks a new kind of political power play could remake the Fed—and send Bitcoin into a different stratosphere. In his essay “Four, Seven,” the crypto exchanges BitMEX co-founder sketches a path for Donald Trump to exert de-facto control over U.S. monetary policy to finance a sweeping reindustrialization of America. For Bitcoin, Hayes argues, that would be a macro rocket booster. But there’s a catch: it would also mean a far more politicized central bank.
The ETH/USD pair is trading within a long-term uptrend but has entered a correction phase since the Fed’s recent rate cut. The price is now testing the lower boundary of the short-term sideways range at 4687.50–4062.50 (Murray [7/8]–Murray [5/8], Fibonacci 23.6% retracement). A breakdown could push ETH towards 3540.00 (Fibonacci 38.2%) and 3125.00 (Murray [2/8], Fibonacci 50.0%). For the bulls, the key level remains 4687.50 (Murray [7/8]); a breakout above it may trigger renewed growth toward 5000.00 (Murray [8/8]), 5312.50 (Murray [+1/8]) and 5625.00 (Murray [+2/8]).
After a rocky start to the week, Bitcoin is attempting to regain its footing. Could this be the setup for a year-end rally?
On September 22, Bitcoin slipped to $112,000, driving daily crypto liquidations to $1.7 billion and reigniting debate over whether the market can deliver its usual October rally.
The BTC/USD pair continued its correction following the latest Federal Reserve meeting, the results of which were announced on Wednesday. Although officials cut the interest rate by 25 basis points to 4.25% and hinted at the possibility of further easing, prices pulled back and today tested the 112,500.00 level (Murray [4/8], 23.6% Fibonacci retracement). Analysts attribute this move to profit-taking after the widely anticipated Fed decision.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.