29 Sept 2025
The current cryptocurrency market faces significant danger, leading to concern about substantial personal holdings unless a pivotal market event materializes. Despite a confluence of positive news regarding corporate earnings, crypto adoption, and regulatory clarity from the Federal Reserve, major cryptocurrencies like Ethereum and Solana exhibit unexpected price weakness.
Significant worry exists regarding tens of millions of dollars invested in various cryptocurrencies, including spot holdings of Bitcoin, Ethereum, XRP, Solana, and Futures trades.
Bitcoin shows a hopeful retest of a critical resistance level, influenced by the FOMC meeting and Powell's press conference.
Ethereum and Solana perform relatively weakly, with Ethereum struggling at a previous support turned resistance and remaining in a similar price vicinity since 2020, far from expected targets of $8,000-$12,000.
Bitcoin dominance continues to rise, while the dollar index is losing strength.
Recent positive earnings from IBM, Tesla (in-line), Microsoft, and Meta indicate resilience and strength in the broader market.
Robinhood has begun rolling out Futures trading, including Bitcoin, demonstrating continued crypto adoption and positive results from changing legal landscapes in the United States.
The Federal Reserve kept interest rates at the same level, but Jerome Powell reaffirmed that they do not need to wait for 2% inflation to cut rates, suggesting more cuts this year than anticipated. Crucially, Powell stated that banks can serve crypto clients if they manage the associated risks, a development deemed hugely bullish for the crypto space.
Despite a series of positive news and developments, the cryptocurrency market, particularly altcoins, has not seen the expected price pump, raising concerns about underlying weakness or potential price suppression.
The market's current weakness potentially implies an impending price drop, as quantitative easing, which could support markets, typically occurs only in response to emergencies like a massive S&P 500 drop or a cataclysmic event. Crypto's strong correlation with traditional markets means a downturn in the S&P 500 could lead to significant crypto price drops.
Historically, everything excluding Bitcoin (Total 2, Total 3) is expected to pump after election years. If Ethereum does not break the crucial $3300 resistance, show signs of continuation towards $3800, and generate 'hopium' by early next week, a reconsideration of crypto investments will occur.
If the crypto market does not perform as expected, investment in personal business and brand scaling is preferred, as substantial money can be made there, rather than passively holding volatile crypto assets.
With all of this incredibleness and greatness, where is the pump?
| Event/Indicator | Details | Market Impact |
|---|---|---|
| Corporate Earnings | IBM, Microsoft, Meta reported strong earnings; Tesla earnings in line. | Indicates resilience in the broader market. |
| Robinhood Futures Trading | Began rolling out Futures trading, including Bitcoin. | Signals growing crypto adoption and positive regulatory landscape. |
| FOMC Interest Rate Decision | Interest rates kept at the same level. | No immediate rate cut, but future cuts hinted. |
| Powell's Stance on Inflation | Fed doesn't need 2% inflation to cut interest rates. | Suggests potential for more rate cuts than anticipated this year. |
| Powell's Stance on Banks & Crypto | Banks can serve crypto clients if they manage risk. | Hugely bullish for crypto, promoting institutional involvement. |
| Overall Crypto Price Action | Despite positive news, a significant 'pump' has not materialized; Ethereum and Solana show weakness. | Raises concerns about underlying market weakness or suppression. |
| Investment Ultimatum | If Ethereum doesn't break $3300-$3800 resistance by early next week. | Speaker will reconsider crypto investments and focus on other ventures. |
