Market Analysis and Predictions - The market is approaching a turning point with increased focus on altcoins, but is not yet in full alt season [1] - Google Trends data indicates that interest in altcoins remains low, suggesting that a true alt season is not yet underway [1] - BNB's recent performance signals potential for altcoins, but the total 2 ES chart needs to break to a new all-time high to confirm alt season [6][7] - Bitcoin recently surged past $124,500 due to dovish signals from the Federal Reserve's FOMC minutes [10][11] - The market anticipates a potential larger Bitcoin sell-off before a significant upward push, requiring preparation with stablecoins [13][27] - Bitcoin dominance may rally to 60% before a sell-off, potentially impacting altcoins negatively [21] - Despite short-term fluctuations, Bitcoin is expected to reach $150,000 or higher, with alt season anticipated towards the end of the month [29] Interest Rate and Economic Factors - The UK has lifted its four-year ban on crypto exchange-traded notes, reopening access for retail investors [1] - Betting markets are pricing a 96% chance of another rate cut this month and two or three more by the year-end [11] - There is a 68% chance of three rate cuts, one in October and another in December, mirroring the actions of 2024 [13] Altcoin Performance and Outlook - Many altcoins have not reached new highs since the beginning of the year, leading to negative sentiment among investors [1] - XRP needs to maintain lows around $2 to $2.76, with a potential retest of May highs around $2.60 [24] - Zcash has increased by over 500% in the last year, but remains significantly undervalued compared to its 2021 peak [9]
URGENT: This Crypto Sell Off Could Get MUCH WORSE | XRP Holders Pay Attention
NCashOfficial - Daily Crypto & Finance News·2025-10-09 04:00