Dollar Strength Weighs on Crypto

DAILY MARKET OVERVIEW

The Macro Squeeze

👋 Hey, Crypto Enthusiasts! The market kept sliding today as Bitcoin dipped closer to $120k, with $118k still the key level to watch.

📉 The main reason for the continued dip isn’t crypto-specific - it’s the US dollar, which continues to gain strength as bond yields rise.

A stronger dollar usually means weaker risk assets, and crypto is feeling that pressure right now. If this dollar momentum holds through October, it could keep Bitcoin capped under $123k for a while.

BTC tried to bounce overnight but failed to reclaim $123k, confirming it as firm resistance. Our eyes continue to be set on $118k as the potential level where a reversal happens.

🟢 ETF inflows are still positive. Institutions haven’t turned bearish - they’re simply waiting out the macro noise. BTC dominance continues creeping toward 60%, which typically signals that altcoin momentum is still a few weeks away.

Altcoins are mostly quiet. 😴 

Volume is thinning out, and traders are waiting for Bitcoin to stabilize before taking new positions; however, broad momentum is lacking. It’s still a Bitcoin-led market, and that means patience is needed.

Overall, we’re in a macro phase where dollar flows dictate direction. The setup for the next major move is forming, but the market probably needs a bit more pain before the next rally leg begins.

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SOCIAL SENTIMENT

🔷 Chainlink Quietly Leveling Up

While the market chops sideways, Chainlink (LINK) is getting more attention - and for good reason.

TLDR: Chainlink is evolving from a simple oracle network into the “air traffic control” of Web3 - managing how data and transactions move across different blockchains.

• SWIFT, the global banking network, is testing Chainlink’s infrastructure to connect banks with blockchains. That’s real institutional plumbing, not just hype.

• The new Chainlink Runtime Environment (CRE) lets developers build apps that work across all chains - one codebase, multiple networks.

• In simple terms, Chainlink is becoming the layer that makes everything talk to everything else.

👀 The market still sees LINK as an oracle play, but it’s quietly positioning itself as the middleware of crypto - the connective tissue between traditional finance and blockchain ecosystems.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Ethereum Foundation Creates Privacy Cluster to Strengthen On-chain Privacy
The Ethereum Foundation formed a 47-member Privacy Cluster to make privacy a core feature of Ethereum’s blockchain.

Coinbase Integrates DEX Trading for U.S. Users on Base Network
Coinbase launched in-app decentralized trading for U.S. users, offering access to Base-native tokens before official listings.

Kraken Expands Access to Traditional CME Contracts Like Oil and Gold
Kraken added access to CME contracts across commodities, indices, and FX markets as it moves toward a potential IPO.

JPMorgan Says Solana ETFs Could See Low Inflows of Around $1.5 Billion in First Year
JPMorgan expects Solana ETFs to be approved soon but predicts modest demand compared to Bitcoin and Ethereum funds.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan On Tech – BITCOIN: YOU ARE BEING LIED TO! (09.10.2025 Summary)

Ivan says Bitcoin is at a critical moment - hovering around its previous all-time highs and stuck between a breakout and a fakeout. While he remains 70% bullish, he warns that failing to show strength now could trigger a painful pullback and the dreaded “cycle of wrecked.”

Ivan’s Outlook – Key Points

• We need follow-through now – Bitcoin must break above $127K on the weekly close to confirm bullish strength

• No retail or altseason yet – Ivan notes we haven’t seen the typical signs of market tops, like retail mania or explosive altcoin runs

• Market structure is healthy – No parabola or blow-off top yet, which usually signals a peak

• Timing aligns with past cycles – If history repeats, the market cycle top may still be a few months away, potentially in late 2025 or early 2026

• Bullish case remains strong – Lack of retail euphoria, weak altcoin performance, and tight liquidity suggest there’s more upside left

• But downside prep is key – Ivan stresses mental readiness in case of reversal, saying most people freeze when the market drops

• Privacy coins heating up – Zcash is pumping, and Ethereum is building privacy into L1. Ivan sees this as the next big 1000x trend

• BTC vs Gold – Gold has outperformed BTC in 2025 so far. For Bitcoin to catch up, it needs to hit $150K

Final Takeaway

Ivan is still bullish but cautious. If Bitcoin shows strength soon, expect a renewed leg up toward $150K. But if it stalls, brace for a potential fakeout. Either way, having a system and mental readiness is key to surviving whatever comes next.

Josh Olszewicz – Alt Coins: Market Still Waiting on BTC (09.10.2025 Summary)

Josh believes it’s still too early to dive into altcoins. While the technical setup is slowly turning in favor of alts, Bitcoin hasn't broken out decisively yet, and that’s holding back the rest of the market.

Josh’s Outlook – Key Points

• Altseason is coming - just not yet – Technically, the charts look promising, but the real move may not come until late November or even 2026

• BTC must lead first – Until Bitcoin breaks out, most altcoins will remain flat or underperform

• ETH needs to break 0.041 BTC – That would signal a rotation into alts, but Josh expects this to happen later in the year

• Pick winners, don’t chase hype – With over 2,000 altcoins, Josh warns against waiting on coins that may never move

• Best scenario isn’t a single altseason – It's better to get multiple rotation waves (BTC, ETH, SOL, memes, etc.) than one short burst

• Crypto stocks may move first – Companies like Coinbase and Galaxy look technically better than most alts right now

• Watchlist – Beam, Wormhole, Near, and Dot (USD) and Doge (BTC pair) show early signs of strength

Final Takeaway

Josh advises patience. The technicals support an upcoming altcoin run, but for now, it’s smarter to wait for BTC to lead and pick strong charts over dead coins.

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