๐ CRYPTO MARKET UPDATE โ 22 Sep
๐ BTC โ $85,330
Broke out of its 5-week range (above $82,300) and tapped $87,385. Now cooling off. Holding above $82,300 = breakout confirmed, next target $90K.
๐ท ETH โ $2,729
Broke its range high ($2,666) and hit $2,806. Now retesting the breakout. Holding above $2,666 = path to $2,900โ3,000.
๐ต USDT Dominance โ 6.38% ๐ป
Dropped from 6.64% โ 6.30% yesterday. Money still flowing out of stablecoins into crypto โ bullish. Small bounce today, nothing serious yet.
๐ BTC Dominance โ 59.6% ๐บ
Rising from 59.1%. BTC is leading this move โ alts are lagging behind.
๐ช Altcoins (TOTAL3) โ $828B
Up, but slower than BTC. Alts will likely follow once BTC settles.
๐ Bottom line:
Market is bullish. BTC broke out and is leading.
Best plays: BTC & ETH pullbacks. Be selective with alts until BTC dominance cools.
โ ๏ธ Key dates: TrumpโXi summit (24 Sep), US Core PCE (30 Sep)
#BitcoinSpotETFs$999MNetInflow #Btcupdate
๐ BTC โ $85,330
Broke out of its 5-week range (above $82,300) and tapped $87,385. Now cooling off. Holding above $82,300 = breakout confirmed, next target $90K.
๐ท ETH โ $2,729
Broke its range high ($2,666) and hit $2,806. Now retesting the breakout. Holding above $2,666 = path to $2,900โ3,000.
๐ต USDT Dominance โ 6.38% ๐ป
Dropped from 6.64% โ 6.30% yesterday. Money still flowing out of stablecoins into crypto โ bullish. Small bounce today, nothing serious yet.
๐ BTC Dominance โ 59.6% ๐บ
Rising from 59.1%. BTC is leading this move โ alts are lagging behind.
๐ช Altcoins (TOTAL3) โ $828B
Up, but slower than BTC. Alts will likely follow once BTC settles.
๐ Bottom line:
Market is bullish. BTC broke out and is leading.
Best plays: BTC & ETH pullbacks. Be selective with alts until BTC dominance cools.
โ ๏ธ Key dates: TrumpโXi summit (24 Sep), US Core PCE (30 Sep)
#BitcoinSpotETFs$999MNetInflow #Btcupdate