\n<\/p>\n
It wasn\u2019t a particularly good week for bitcoin and the broader crypto market, as almost all charts are deep in the red on a 7-day scale.<\/p>\n
It all started at the end of the previous business week after BTC had jumped to $118,000 on Thursday morning following the Fed\u2019s expected rate cut. However, the asset\u2019s rally ran its course prematurely, and it started to lose value gradually, dropping to $116,000 by Friday.<\/p>\n
The weekend went as anticipated, little to no action, but then came the familiar Monday drop. Bitcoin went from just over $115,500 to $112,000, wiping out billions of dollars worth of leveraged positions. The bulls tried to halt the freefall, but their best effort took BTC to $114,000 briefly on Tuesday.<\/p>\n
The bears quickly reemerged and initiated another couple of consecutive leg downs. The culmination took place<\/a> earlier on Friday when BTC plunged to $108,600. This became its lowest price tag since the start of the month.<\/p>\n Perhaps the most evident reason behind this collapse is the latest comments coming from US Fed Chair Jerome Powell. The head of the central bank sent<\/a> some mixed signals regarding the inflation levels, which were interpreted as a warning sign for riskier assets like crypto.<\/p>\n Although BTC has recovered some ground since its local low, it\u2019s still beneath $110,000 as of press time. Its 6.2% weekly decline, though, seems negligible compared to massive double-digit price drops from the likes of ETH, DOGE, SOL, ADA, LINK, AVAX, and especially HYPE, which is down by over 25% following the rise of a new competitor. But more on that later.<\/p>\n These price collapses are best highlighted by the total market cap\u2019s plunge, which went from over $4.150 trillion at this time last Friday to under $3.850 trillion as of now.<\/p>\n Market Cap: $3.840T | 24H Vol: $238B | BTC Dominance: 56.8%<\/p>\n BTC: $109,200 (-6.2%) | ETH: $3,920 (-13%) | XRP: $2.75 (-9%)<\/p>\n Tether Seeks $20B Funding at $500 Billion Valuation, Dwarfing Circle<\/strong>. The company behind the world\u2019s largest stablecoin reaffirmed its dominance in the crypto market by securing somewhere between $15 and $20 billion, according<\/a> to a recent report, for a 3% stake. This means that its valuation is roughly $500 billion, which is a lot more than its closest rival, Circle ($30 billion).<\/p>\n Fear and Greed Index Hits 5-Month Low as BTC Drops to $109K \u2013 Warning or Buying Opportunity?<\/strong> After losing roughly ten grand since last Thursday\u2019s peak, the sentiment has expectedly turned grim. The popular Fear and Greed Index plunged<\/a> to its lowest level in roughly 5 months as a result.<\/p>\n SBF\u2019s \u2018gm\u2019 Tweet Sparks Speculation of Comeback Amidst New Solana-Based Perp Dex<\/strong>. FTX\u2019s notorious former leader made a simple but loud comeback to social media this week, posting a minor \u201cgm\u201d message on X. It had a dramatic impact<\/a> on FTT\u2019s price and also led<\/a> to some speculations about a Solana-based perp dex.<\/p>\n The Bitcoin Bear Market is Here\u2026 or at Least That\u2019s What Peter Schiff Thinks<\/strong>. BTC\u2019s substantial correction gave perma-bears like Peter Schiff wings to make bold assumptions. The bitcoin critic believes<\/a> this is not a minor retracement but the start of a bear market.<\/p>\n Whale Turns $300K Into $7M Profit on ASTER<\/strong>. As promised before, here\u2019s some news about Hyperliquid\u2019s competitor, which has reportedly surpassed it in terms of volumes. The meteoric rise of ASTER and its native token helped one whale turn<\/a> a $300,000 investment into a $7 million fortune in just weeks.<\/p>\n Analysts Predict Massive \u2018Uptober\u2019 Rally Despite This Week\u2019s Market Rout<\/strong>. Let\u2019s end the news portion with a more promising prediction in such dire times. Several crypto analysts outlined<\/a> big bullish projections for October (often referred to as \u2018Uptober\u2019) that include a price surge to a new all-time high.<\/p>\n This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nMarket Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
Charts<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>Weekly Market Overview: Source: QuantifyCrypto<\/figcaption><\/figure>\n<\/p>\n<\/figure>\nMarket Cap: $3.840T | 24H Vol: $238B | BTC Dominance: 56.8%<\/p>\nBTC: $109,200 (-6.2%) | ETH: $3,920 (-13%) | XRP: $2.75 (-9%)<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\nTether Seeks $20B Funding at $500 Billion Valuation, Dwarfing Circle<\/strong>. The company behind the world\u2019s largest stablecoin reaffirmed its dominance in the crypto market by securing somewhere between $15 and $20 billion, according<\/a> to a recent report, for a 3% stake. This means that its valuation is roughly $500 billion, which is a lot more than its closest rival, Circle ($30 billion).<\/p>\nFear and Greed Index Hits 5-Month Low as BTC Drops to $109K \u2013 Warning or Buying Opportunity?<\/strong> After losing roughly ten grand since last Thursday\u2019s peak, the sentiment has expectedly turned grim. The popular Fear and Greed Index plunged<\/a> to its lowest level in roughly 5 months as a result.<\/p>\nSBF\u2019s \u2018gm\u2019 Tweet Sparks Speculation of Comeback Amidst New Solana-Based Perp Dex<\/strong>. FTX\u2019s notorious former leader made a simple but loud comeback to social media this week, posting a minor \u201cgm\u201d message on X. It had a dramatic impact<\/a> on FTT\u2019s price and also led<\/a> to some speculations about a Solana-based perp dex.<\/p>\nThe Bitcoin Bear Market is Here\u2026 or at Least That\u2019s What Peter Schiff Thinks<\/strong>. BTC\u2019s substantial correction gave perma-bears like Peter Schiff wings to make bold assumptions. The bitcoin critic believes<\/a> this is not a minor retracement but the start of a bear market.<\/p>\nWhale Turns $300K Into $7M Profit on ASTER<\/strong>. As promised before, here\u2019s some news about Hyperliquid\u2019s competitor, which has reportedly surpassed it in terms of volumes. The meteoric rise of ASTER and its native token helped one whale turn<\/a> a $300,000 investment into a $7 million fortune in just weeks.<\/p>\nAnalysts Predict Massive \u2018Uptober\u2019 Rally Despite This Week\u2019s Market Rout<\/strong>. Let\u2019s end the news portion with a more promising prediction in such dire times. Several crypto analysts outlined<\/a> big bullish projections for October (often referred to as \u2018Uptober\u2019) that include a price surge to a new all-time high.<\/p>\nCharts<\/h2>\nThis week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\nDisclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nCryptocurrency charts<\/a>\u00a0by TradingView.\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It wasn\u2019t a particularly good week for bitcoin and the broader crypto market, as almost all charts are…\n","protected":false},"author":2,"featured_media":9165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36080"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/9165"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-154702.png\"){kind=link}