Cryptocurrency Market Analysis [September 16]
Bitcoin rose from $110,000 to $115,000 last week. It is currently undergoing a slight pullback.
Compared with a week ago, it has risen, but recently there has been low trading volume and the price seems to have stabilized.
This week there are no notable events, so the impression is that people are being cautious about them.
Regarding Ethereum, the decline appears larger than Bitcoin. It has formed four consecutive bearish candles, and it seems to be falling by the same amount each day rather than a sharp drop all at once.
Last weekend, cryptocurrency market funds flowed in, but have since undergone a pullback.
In fact, on a week-over-week basis, Ethereum's rise was substantial, so Bitcoin and Ethereum together rose about 3%.
In particular, Solana (SOL) rose by 8.5%, buoyed by funds entering the market.
News had emerged that a famous cryptocurrency investment company purchased SOL as part of its financial strategy.
Also, Dogecoin rose by 8.5% as well.
BNB, the currency of the world's largest exchange Binance, has been hitting new highs since last week and is maintaining at very elevated levels.
Beyond Bitcoin, currencies with high market capitalizations such as Ethereum, Solana, and BNB are increasingly moving to high price ranges.
When the market surged significantly on September 10, there was a large influx of funds into Bitcoin ETFs for the first time since mid-July.
One big sign like this may reflect Bitcoin's base strength.
Additionally, WorldLiquidity Finance, a company associated with former President Trump, has been the subject of discussion since a couple of weeks ago, and its current market capitalization ranks 37nd; its price is not at its all-time high, but it shows stable movement.
This week is said to be a "Super Week" for central banks.
Policy interest rates of major countries such as the US Federal Reserve will be announced.
This is attracting global attention.
There is debate whether it will be a 0.25% or 0.5% cut, but many opinions lean toward 0.25%.
However, if a 0.5% decrease is implemented, market liquidity is expected to increase even more.
What happens next is unpredictable in the cryptocurrency market.
In light of this, Bitcoin’s Fear & Greed Index has moved to neutral.
◯ Bitcoin Fear & Greed Index moves to neutral
The index stands at 53%, indicating a neutral sentiment between buying and selling.
Ahead of the US Fed policy rate decision on the 18th, it seems investors are watching cautiously.
In the index, market price fluctuations, volume, social media trends, Bitcoin dominance, and search trends are considered in a holistic assessment.
It seems investors are waiting for the next catalyst.
◯ Arthur Hayes’ BTC Price Forecast
End of 2025: $200,000 (30 million yen)
End of 2028: $1,000,000 (150 million yen)
Reasons:
- Repatriation of US Treasuries injecting new liquidity
- Inflow of funds into risk assets
- Loss of confidence in fiat currencies
Mid-2026 we may see Trump’s stimulus measures.
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(This article has been distributed since 2016.)
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