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 <\/a>Weekly Market Overview: Source: QuantifyCrypto<\/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 The post $300B Wiped From Crypto Markets in Days as BTC Tanks Below $110K After Powell Speech: Your Weekly Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":99995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99994"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99995"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
Charts<\/h2>\n
![<\/a>Weekly Market Overview: Source: QuantifyCrypto<\/p>\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>\nThe post $300B Wiped From Crypto Markets in Days as BTC Tanks Below $110K After Powell Speech: Your Weekly Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":99995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99994"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99995"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-154702.png\"){kind=link}