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A Dovish Trump Fed could help Bitcoin, hurt U.S.
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A Dovish Trump Fed could help Bitcoin, hurt U.S.

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Galaxy Digital CEO Mike Novogratz has identified a potential “biggest bull catalyst” for Bitcoin that could drive the cryptocurrency to $200,000, but warned such a scenario would be detrimental to America.

Summary

  • Novogratz says a Trump-picked dovish Fed chair could send Bitcoin soaring to $200K.
  • He warns such a move risks Fed independence and weakens the U.S. economy.
  • Markets watch Trump’s Fed shortlist amid fears of ultra-loose monetary policy.

Speaking in an interview with Kyle Chasse, Mike Novogratz said that an ultra-dovish Federal Reserve chair appointment by President Donald Trump could lead to massive Bitcoin (BTC) gains through aggressive rate cuts.

The Galaxy CEO noted that while Bitcoin could reach $200,000 under such conditions, he wouldn’t want it to happen because he “kind of loves America.”

Novogratz warned that excessive dovishness could threaten Fed independence and create an “oh shit moment” where both gold and Bitcoin skyrocket due to concerns about currency debasement.

Trump’s Fed chair decision creates market uncertainty

Novogratz said the potential scenario of Trump appointing an extremely dovish Fed chair represents Bitcoin’s most significant bullish catalyst.

He described a situation where “Fed’s cutting when they shouldn’t be, and you put in a massive dove,” leading to what he called a “blow-off top” moment for Bitcoin.

The Galaxy CEO noted that markets have partially priced in expectations of Trump choosing a dovish candidate, but uncertainty remains about how extreme the appointment might be.

Trump has reportedly narrowed his Fed chair shortlist to three candidates: White House economic adviser Kevin Hassett, Federal Reserve Governor Christopher Waller, and former Fed Governor Kevin Warsh.

Economic consequences vs. crypto benefits

Novogratz expressed conflicted feelings about the scenario that could drive Bitcoin to new heights.

Even though he acknowledged the massive bullish potential for cryptocurrency markets, he called the underlying economic conditions “really shitty for America” and warned about the potential loss of Fed independence.

A dovish Fed stance typically weakens the U.S. dollar and boosts risk assets, such as Bitcoin, as traditional investments like bonds and term deposits become less attractive.

This creates a feedback loop where currency debasement drives investors toward alternative stores of value.

The Galaxy CEO’s prediction shows concerns about monetary policy extremes and their impact on asset markets.

Novogratz suggested that the market won’t fully react to this scenario until an official announcement is made.



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Did Michael Saylor Rebut a Controversial Bitcoin Proposal? It’s Complicated

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In brief

  • Strategy’s Michael Saylor appeared to endorse Bitcoin Knots on X on Wednesday.
  • The CEO of a prominent firm doubts that was Saylor’s intention.
  • Saylor has acknowledged the debate surrounding OP_RETURN elsewhere.

When Michael Saylor speaks, Bitcoiners often listen. But on Thursday, they couldn’t seem to agree on whether Strategy’s co-founder and executive chairman meant to weigh in on a controversial change to Bitcoin’s codebase that’s split the community in recent months.

On Wednesday, Saylor reposted a stylized video on X of him speaking on The Peter McCormack Show. The episode, which debuted over a year ago, showcased his thoughts on how changes to Bitcoin’s protocol could potentially lead to unintended and negative consequences.

The 10-minute clip that Saylor reposted included a call to action at the very end, which Saylor has never made publicly himself. The video prompted users to “Run Knots,” a form of software for Bitcoin node operators flouting changes set for its prevailing alternative.



Bitcoin Core currently accounts for 70% of machines that validate Bitcoin transactions, according to data from Clark Moody Bitcoin. And Bitcoin Core v30, which is scheduled to be released next month, is expected to modify how a so-called Bitcoin opcode can be used. Following months of debate, Bitcoin Core developers committed to the change in June.

Bitcoin opcodes are predefined functions that form the bedrock of Bitcoin’s codebase, and OP_RETURN allows people to store data in transactions. In Bitcoin Core v30, the amount of data that can be stored through OP_RETURN is set to increase to 100,000 bytes from 80 bytes.

Advocates argue that the shift will unlock more complex applications on Bitcoin, while making current workarounds obsolete. Critics argue that it could result in a more congested network, or even incentivize the storage of problematic or illegal content on Bitcoin’s network.

Bitcoin Knots’ supporters immediately portrayed Saylor’s social media activity as evidence of his support, but Saylor has yet to clarify his stance, and some doubt the message was intentional.

In some ways, the debate around OP_RETURN echoes controversy surrounding Ordinals. As the NFT-like assets gained (temporary) popularity in 2023, some cheered the development as innovative, while others argued that Bitcoin should stick to its monetary focus.

“If you believe the government should do the minimum to control your life, you [should] believe that the protocol should do the minimum,” Saylor said in the video that he reposted on Wednesday.

At a gathering of Bitcoin-buying firms in New York earlier this month, Saylor made comments echoing that conservative sentiment, according to a video posted on X by an account that goes by Señor 11s around a week ago.

“I think this debate we see right now over OP_RETURN limits, this is actually a second-order or maybe even a third-order change,” Saylor said. “But the reaction of the community, which is to reject it, an inflammatory reaction, I thought was a healthy response.”

To be sure, Saylor hasn’t publicly come out in favor of Bitcoin Core or Bitcoin knots. In 2023, Saylor told Decrypt that the discussion surrounding Ordinals was important because it could help miners be successful over the long term or bolster Bitcoin’s adoption.

On Wednesday, several accounts beckoned for clarification from Saylor on X, raising questions as to whether the influential CEO watched the clip he reposted to the end. The pro-Knots message is shown for exactly three seconds.

Decrypt has reached out to Strategy for comment.

The CEO of a prominent financial services firm, who requested anonymity to speak about the controversy, told Decrypt that he is certain Saylor would not have reposted the clip had he known that there was a pro-Knots message included at the end of the clip.

“He would never weigh in on something like that,” they said, arguing that Saylor is in a bind now because taking the post down would also make it look like he’s taking a side.

Even if Saylor reposted a pro-Knots message unintentionally, the individual said one thing seems certain: “The sides keep getting more and more vicious.”

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Crypto Trader Who Bet $1B on Bitcoin Returns With 3x Leveraged Long on ASTER

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James Wynn, the pseudonymous trader behind a billion-dollar BTC$109,668.71 bet earlier this year, is back. This time, Wynn is making a leveraged play on ASTER just days after being liquidated on the same token.

Wynn has opened a new 3x leveraged long on ASTER, the native token of the emerging Aster perpetuals exchange, worth over $16,000, entering at $1.97 with a liquidation level around $1.57.The move was first spotted by Onchain Lens.

While the dollar amount seems small compared to Wynn’s previous positions, the trade is likely to be a hedge on a different position on Aster itself. “I’m farming the $ASTER airdrop,” the trader wrote on X. “I believe it will be one of the biggest [in] crypto history.”

The move is Wynn’s latest high-risk bet on Hyperliquid, an onchain derivatives platform where he previously took out a $1.2 billion long on bitcoin using 40x leverage.

That position closed with a $17.5 million loss, before he flipped into a billion-dollar short. At one point, he had his entire $50 million wallet on the line.

That wild streak ended with Wynn saying he was walking away “a wynner” after netting $25 million in profit.

Read more: How James Wynn’s $100M Implosion Is Familiar Leverage Tale



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Bitcoin No Longer First Choice as Crypto Onboarding Evolves
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Bitcoin No Longer First Choice as Crypto Onboarding Evolves

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A recent survey from data aggregator CoinGecko found that only 55% of new crypto owners started with Bitcoin in their portfolio, which analysts say is a sign of a maturing market. 

A survey released on Monday of 2,549 crypto participants from data aggregator CoinGecko also found that 10% of respondents have never even bought Bitcoin (BTC).

“In other words, Bitcoin has become less likely to be the onboarding mechanism over time, as other narratives and altcoin communities have emerged and gained traction,” CoinGecko research analyst Yuqian Lim said.

Only 55% of new crypto owners who responded to CoinGecko’s survey started with Bitcoin in their portfolio. Source: CoinGecko

Altcoin entry is a sign of healthy market 

Speaking to Cointelegraph, Jonathon Miller, crypto exchange Kraken’s general manager, said investors are starting to onboard through other sectors, such as DeFi or memecoins.

“This is testament to the growth and maturity of the crypto ecosystem: Bitcoin is no longer the only major asset, while access is becoming increasingly frictionless and making it easier than ever for newcomers to engage with emerging narratives,” he said. 

However, he also thinks that given the growing geopolitical uncertainty, ongoing monetary debasement, and Bitcoin’s reputation as the “soundest form of money,” users who initially avoided it will likely circle back. 

“Over time, many crypto market participants initially drawn in by more speculative trends will come to recognize Bitcoin’s enduring importance and adjust their portfolios accordingly.”

Why altcoins appeal

Hank Huang, CEO of quantitative trading firm Kronos Research, told Cointelegraph that investors who bypass Bitcoin on their first foray into the market are often lured by the low unit costs of altcoins and the stronger sense of community they offer.

CoinGecko’s survey found that 37% of respondents entered the space through altcoins, rather than Bitcoin.  

Source: CoinGecko

“As crypto adoption grows, more investors will bypass Bitcoin, drawn to lower-cap altcoins and vibrant communities. This reflects a maturing market where diversification drives participation,” Huang said. 

“The hype gravitates toward Sol, ETH, and memecoins, turning Bitcoin from the default entry point into just one of many destinations in crypto.”

Long term, Huang speculates crypto’s future won’t hinge solely on Bitcoin, as it faces competition from new frameworks, and adoption is increasingly driven by “diverse ecosystems where innovation, culture, and community matter as much as value.”

Users might be afraid they missed the boat 

Tom Bruni, head of markets at investment-based social media platform Stocktwits, told Cointelegraph that a lack of understanding and Bitcoin’s frequently rising price could also be factors.

“While crypto natives believe the industry is still in its infancy, onlookers may feel that if they didn’t acquire Bitcoin at lower levels, then they’ve already missed the boat, as it has traded over $100,000,” he said. 

“This recent bull run has seen significant outperformance from certain altcoins, and the desire to find a “cheaper” crypto than Bitcoin to invest in has driven people further out on the risk spectrum into the altcoin and memecoin markets.”

Bitcoin has hit multiple all-time highs in 2025, with the latest coming on Aug. 14 when it crossed over $124,000 for the first time. 

At the same time, Bruni said as altcoins, stablecoins, and other related blockchain technologies grow, Bitcoin dominance should shrink, but it will likely always be an “anchor in many people’s portfolios.”

Related: Crypto needs to remove friction for the next billion users: Coinbase

“Ultimately, performance drives allocation decisions, so as long as Bitcoin’s returns keep pace with the rest of the ecosystem, it’s unlikely that more people will have zero exposure,” he said. 

“Right now, performance is good, but if the market slips, it could serve as a catalyst for people to retreat into Bitcoin as the more stable and institutionalized crypto option.”

Zero Bitcoiners won’t last long

Speaking to Cointelegraph, Qin En Looi, managing partner at venture capital firm Onigiri Capital, said early adopters already own Bitcoin, while the late majority will only come in once it’s embedded in the traditional financial system, accessible through banks, wealth managers, or retirement products.

“As this infrastructure matures, we’ll likely see fewer with zero exposure, but the curve will be slower than many expect because it depends on trust being built systematically,” he said. 

Ultimately, En Looi thinks Bitcoin’s role is evolving, but it won’t ever disappear, because it’s the benchmark for the broader crypto market, similar to how gold continues to be a reference point in traditional finance.

“What we’re seeing is less a decline in relevance, but the broadening of what is relevant, where stablecoins, tokenized assets, and application-layer projects now share the spotlight.”

Magazine: ‘Help! My robot vac is stealing my Bitcoin’: When smart devices attack



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NYDIG Calls for Bitcoin Treasury Companies to Drop ‘Misleading’ mNAV Metric

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Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms.

The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900 BTC and increases net asset value (NAV) per share, which DAT investors view as a measure of “yield.”

In a note this week commenting on the acquisition, Greg Cipolaro, Global Head of Research at NYDIG, argued that the commonly used “mNAV” metric, defined as market cap divided by crypto held, should be removed from industry reporting altogether.

“At best, it’s misleading; at worst, it’s disingenuous,” the firm claimed in the note.

NYDIG pointed out that it fails to account for operating businesses or other assets that a DAT may own. Most major bitcoin treasury firms do, indeed, operate businesses that add value.

Second, NYDIG wrote, mNAV often uses “assumed shares outstanding,” which could include convertible debt that hasn’t met conversion conditions.

“Convert holders would demand cash, not shares, in exchange for their debt. This is a much more onerous liability for a DAT than simply issuing shares,” the firm added. “Because convertible debt is essentially volatility harvesting (converts are debt + call options), the DAT is incentivized to maximize its equity volatility.”

Currently, publicly traded bitcoin treasury firms hold over 1 million BTC, and many are now trading below their mNAV, which could suggest more acquisitions are coming in the near future.



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Bitcoin Risks $94,000 Drop: Pricing Bands Signal Potential Downturn
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Bitcoin Risks $94,000 Drop: Pricing Bands Signal Potential Downturn

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Bitcoin continues in dull trading, ranging between $108,645 and $110,369 following a sharp drop to a low of $108,623 on Thursday.

Bitcoin slightly rebounded on Friday, coinciding with the release of PCE data and a major options expiry; however, its gains could not be sustained.

Bitcoin erased its daily gains early Saturday, just up 0.3% in the last 24 hours to $109,330, but down 5.78% in the last week.

While the market awaits Bitcoin’s next move, analysts and indicators point to a critical line in the sand, a drop below which might result in a further decline, possibly below $100,000, returning Bitcoin to five figures.

According to Ali, a crypto analyst, who cited MVRV pricing bands, $116,354 remains a line in the sand for Bitcoin. This is because a failure to reclaim $116,354 puts Bitcoin (BTC) at risk of a drop to $94,334.

Bitcoin market faces clean slate

According to Glassnode, the largest options expiry on Deribit has reset positioning, with BTC settling at $109,000 versus a $110,000 max pain. The market now faces a clean slate as expiries already happened. Now it might be crucial to watch open interest (OI), term structure, skew, vol spreads and flows to gauge sentiment.

BTC options open interest fell from 515,000 BTC to 355,000 positions rolled off with expiry, triggering a reset.

A climb in open interest in the coming days might be crucial to know where traders seek new exposure and their sentiment as BTC options point to short-term caution.

The market is discounting near-term moves, while long-term indicators suggest otherwise, indicating that there seems to be calm now but bigger swings might come later.



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Bitcoin, Ethereum, And Dogecoin Suffer Beatdown, But These Factors Say Get Ready For A Bounce

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market faced a sharp downturn this week, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experiencing significant sell pressure. Although red candles continue to dominate the charts, a crypto analyst has pointed out key factors suggesting that this unexpected beatdown could be laying the groundwork for a rebound as the final quarter of the year approaches. 

Why Bitcoin, Ethereum, And Dogecoin Are Dropping Hard

According to market analyst Ash Crypto, the current market decline is being driven by a series of macroeconomic and technical factors. In an X social media post on Thursday, he explained that the first and most immediate factor behind the pressure is the looming options expiry event. With $23 billion in Bitcoin and Ethereum options set to expire, volatility has intensified. 

Ash Crypto stressed that whales, who often steer the market toward the “max pain” price, are now actively pushing Bitcoin near $110,000, ETH closer to $3,700, and DOGE down to $0.23. The analyst highlights that this growing pressure has sparked panic selling among retail investors in the crypto market. 

Additionally, the potential threat from the United States government has further rattled the markets. With a 67% probability of occurring by October 1, 2025, Ash Crypto reports that uncertainty has significantly impacted investor sentiment. Historically, government shutdowns have triggered corrections in the equity and crypto markets, and the current environment is showing similar signs. 

Source: Chart from Ash Crypto on X

Meanwhile, a surprisingly robust US GDP growth data has created another layer of bearish short-term pressure. According to Ash Crypto, Q2 GDP was revised to 3.8% from the initially expected 3.3%, signaling strong economic resilience. While positive in the long run, the analyst notes that robust economic indicators tend to reduce the likelihood of interest rate cuts by the Federal Reserve (FED). For risk assets like crypto, this has translated into an immediate selloff as traders reposition in anticipation of tighter monetary conditions. 

Why This Dip Could Be Setting The Stage For A Bounce

Amidst the broader market turmoil, another critical factor has contributed to the recent decline in crypto. Ash Crypto notes that retail investors, drawn by the excitement around perpetual DEXs, have piled into high-leverage positions on altcoins, amplifying potential volatility. He stated that at one point, altcoin Open Interest nearly doubled that of Bitcoin. When market sentiment shifted, massive liquidations swept across exchanges, intensifying the sell-off and accelerating the market’s decline. 

While disruptive in the short-term, the analyst suggests that this process of unwinding leveraged positions often sets the stage for a significant bounce and more sustainable market rallies. He highlighted that by flushing out overextended positions, whales and institutional players create an environment that favours accumulation. 

Ash Crypto further highlighted that this cycle appears to be a deliberate play by whales to trigger panic selling before the fourth-quarter rally. He disclosed that September began on a bullish note, convincing traders that prices would only continue upward, only for sharp corrections to reset the market.

Bitcoin trading at $109,376 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin price forms two risky patterns as ETF outflows rise

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As the Bitcoin price retreats below the $110,000 support level, two risky chart patterns have formed while exchange-traded fund (ETF) outflows rise. 

Summary

  • Bitcoin price has formed a head-and-shoulders pattern.
  • BTC has also formed a rising wedge pattern on the weekly chart.
  • Bitcoin ETF inflows have slowed for two consecutive weeks.

Bitcoin price retreats amid ETF weakness

At last check on Saturday, September 27, Bitcoin (BTC) was trading at approximately $109,600. That’s down 12% from its all-time high. It is also hovering at its lowest level since September 2. 

BTC and other cryptocurrencies pulled back this week as demand from American investors eased. Data compiled by SoSoValue shows that ETF inflows have slowed in the past two weeks.

All Bitcoin ETFs experienced outflows of $902 million this week, after adding $886 million a week earlier. They said $2.34 billion the week of September 12. 

One potential reason for the weakness is that some Federal Reserve officials warned about interest rate cuts. Officials like Austan Goolsbee, Beth Hammack, and Raphael Bostic cautioned that the Fed should be cautious when cutting rates. 

These officials noted that inflation has remained above the 2% target for over four years. They also noted that the labor market was still strong, citing the low unemployment rate. 

Also, the economy has been resilient, with a recent report showing that it expanded by 3.8% in the second quarter. The number of Americans filing for jobless claims has dropped significantly in the past few weeks.

Looking ahead, the next important catalyst for Bitcoin and other coins will be the non-farm payrolls data on Friday. These numbers will help to determine whether the Fed will cut interest rates in the October meeting.

BTC price has formed a head-and-shoulders pattern

BTC price chart | Source: crypto.news

The daily timeframe chart shows that the Bitcoin price has pulled back in the past few weeks. A closer look reveals that it has slowly formed a head-and-shoulders pattern, which often signals further downside. 

It has also moved below the 50-day Exponential Moving Average, while the Relative Strength Index has pointed downwards. These patterns suggest further downside potential to the 50% Fibonacci Retracement level at $100,000.

BTC formed a rising wedge and bearish divergence 

Bitcoin chart | Source: crypto.news

The weekly chart indicates that the Bitcoin price has formed a rising wedge chart pattern, characterized by two converging trendlines that are rising. These two lines are nearing their confluence, indicating a potential bearish breakout.

At the same time, oscillators like the Relative Strength Index and the MACD have formed a bearish divergence pattern as they have moved downwards, as it kept rising. These two patterns also indicate further downside in the coming weeks.



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What Will the Slowing Growth of Bitcoin, Ethereum Treasury Buys Mean for Markets?

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In brief

  • Purchases at Bitcoin and other treasury companies have slowed dramatically over the past two months.
  • The declines played a big role in declining markets that were already jittery about macroeconomic uncertainties.
  • Three market observers say that the waning treasury activity could continue to weigh on markets.

The rise in Bitcoin, Ethereum, and other corporate crypto treasuries helped fuel the summer’s massive market gains. Now their slowing growth has played a large role in sapping prices already sensitive to inflation and other macroeconomic uncertainties.

The treasuries’ waning activity could continue to weigh on markets with volatility likely to remain heightened in the near-term, three market observers told Decrypt.

“When treasuries stop buying, it removes an important demand floor and undermines confidence in the balance-sheet-as-strategy narrative,” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in a text to Decrypt. “At the same time, forced liquidations in derivatives and broader risk-off sentiment have accelerated the decline, creating a feedback loop that pressures both crypto assets and the equities tied to them.”



Bitcoin was recently trading at about $109,400, off more than 5% over the past week, according to crypto markets data provider CoinGecko. At one point Friday, the largest cryptocurrency by market value dropped below $109,000 for the first time since September 1. Ethereum and other major altcoins have also fallen deeply into negative territory.

Those latest declines have come as Bitcoin treasury buys have plummeted to just 12,600 BTC in August, and 15,500 so far this month—a combined total that is less than half the amount that firms acquired in July, according to data analytics provider CryptoQuant.

“We’ve seen treasury accumulations cool off compared to the summer, when companies were buying at a record pace,” Michael McCluskey, CEO of Sologenic—which offers a decentralized exchange and related services—told Decrypt. “That slowdown has coincided with softer prices in Bitcoin and other major cryptocurrencies, which makes sense given how much corporate demand was propping up the market.”

McCluskey added: “In the short term, the absence of steady buying leaves the market more exposed to volatility.”

A number of treasury firms’ share prices have plunged along the way, with Solana treasury Helius Medical Technologies falling 38% over the past week and Ethereum-focused BitMine Immersion sinking more than 13% over the same period.

Bitcoin-minded Strategy—the originator of the pivot-to-crypto accumulation move—and Metaplanet each fell about 9%, the latter coming despite the Japan-based firm’s latest purchase of more than 5,400 BTC on Monday and a favorable analyst rating a day later. Helius and several other companies that raised money through private placement in public equity (PIPE) deals are changing hands well off their issue prices.

Going forward, some treasuries may encounter additional challenges, with The Wall Street Journal reporting on Thursday that financial regulators are now exploring unusually high trading volumes and dramatic share price increases among among them.

Still, in a text to Decrypt, Gerry O’Shea—head of global market insights at crypto asset manager Hashdex—wrote that Bitcoin could hit $140,000 or higher by year’s end, with corporate treasuries helping to spark a rally.

“Corporate treasury adoption will remain a big part of this demand, even as many of these publicly traded companies face near-term headwinds from volatility and scrutiny from investors regarding their specific strategies,” he wrote.

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Bitcoin could reach $200,000 following Powell’s replacement
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Galaxy CEO Predicts a $200,000 Bitcoin Following Powell’s Replacement as Bitcoin Hyper Soars

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Galaxy CEO Mike Novogratz predicts a $200,000 Bitcoin if Jerome Powell’s replacement is dovish.

The comment came during an interview with Kyle Chasse, where Novogratz declared:

Trump told us he wants a dove in the Fed […] And if he picks a dove enough of a person, there’s gonna be an ‘oh s**t’ moment. Gold skyrockets, Bitcoin skyrockets.

—Mike Novogratz, Kye Chasse interview

As Novogratz sees it, Fed’s next chair nominee could serve as the largest crypto catalyst, potentially pushing Bitcoin to a new ATH by the end of the year.

Bitcoin Hyper’s ($HYPER) $18.5M presale will also contribute to that thanks to its promise of turning the Bitcoin network faster and cheaper. Hyper’s Layer 2 aims to solve Bitcoin’s native performance limitation, which would turn the network more feasible for institutional investors.

The Fed Turns Bitcoin Stronger at the Expense of the US Dollar

Novogratz warns against a dangerous tipping of balance between crypto and the US dollar stemming from the Fed’s rate cuts.

While rate cuts are bullish for Bitcoin, they’re bearish for the US dollar, because it scares away investors who seek refuge in high risk, high reward digital assets.

The last FOMC meeting, which took place on September 17, had the opposite effect, though, with the US dollar jumping almost 2 basis points over the following week, while Bitcoin lost 5.4% between then and today.

The meeting resulted in a 0.25% rate cut, which didn’t seem to raise the investors’ interest, but the next ones might. The Fed announced three more cuts coming, two by the end of this year and one more in 2026.

The closest one is planned for October 28 and it’s an almost guarantee if we go by FedWatch’s market sentiment, which puts the odds of a favorable decision at 87.7%.

And this time we expect Bitcoin to recover its lost territory and make a breakthrough for another ATH. With $120K cleared, a push to $130K and beyond is more than feasible.

Mid-October is the true test if Michael Saylor’s Strategy decides to buy the dip, which is more than likely given that Bitcoin is currently in consolidation mode, floating around the $109K zone for over two days.

This hints at a dying bear momentum, which Strategy could capitalize on to push its treasury above 640,000 $BTC.

With a bullish Bitcoin for October and the crypto market on the verge of a coming alt season, Bitcoin Hyper ($HYPER) appears to be the biggest winner.

How Bitcoin Hyper Could Turn Bitcoin Into the Future of the Financial Sector

Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to transform Bitcoin into the driving force behind the new global financial system.

Hyper seeks to solve the very problem that’s holding Bitcoin back in 2025: its native performance limitation. The Bitcoin network is currently limited to seven transactions per second (TPS), which places Bitcoin on the 23rd position on the list of the fastest blockchains in the world.

By comparison, BNB is second with a TPS of 220, while Solana is second with a real-time TPS of up to 1,000 and a theoretical one of 65,000.

A change is necessary and Hyper brings just that with the help of tools like Solana Virtual Machine (SVM) and the Canonical Bridge.

While SVM allows for the ultra-fast execution of DeFi apps and smart contracts, the Canonical Bridge handles network congestion and addresses transaction finality times directly.

The Canonical Bridge works by minting the users’ tokens onto the Hyper layer, allowing investors to use their $BTC in the Hyper ecosystem.

These tools allow Hyper to boost Bitcoin’s performance by improving scalability and allowing for near-instant finality thanks to the Bitcoin Relay Program and the zero-knowledge (ZK) proofs.

Most importantly, Hyper eliminates the fee-based priority system, which prioritizes larger and more fee-heavy transactions to the detriment of the smaller and cheaper ones. This system currently increases transaction confirmation times to hours in some cases.

Long-term, Hyper hopes to turn the Bitcoin network into a more feasible choice for institutional investors who process thousands of transactions per second.

The $18.5M presale offers $HYPER at $0.012985 per token, which translates into a potential wealth-building investment opportunity.

Given Hyper’s projected long-term utility and investor support during the presale, our price prediction for $HYPER puts the token at $0.32 by the end of the year, following a Q4 release.

Continuous support and successful implementation could lead to mainstream adoption, pushing $HYPER up to $1.50 or higher by 2030. This translates to a 11,451% five-year ROI if you invest at today’s price.

If you’d like to support $HYPER or simply diversify your portfolio, read our guide on how to buy $HYPER and go to the presale page today.

This isn’t financial advice. Do your own research (DYOR) before investing.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/bitcoin-could-reach-200000-following-powells-replacement

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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