After the Fed’s surprise 25 bps rate cut kicked off 2025, Bitcoin ran straight into a $120K ceiling, struggling to benefit from looser money even as the crypto market suffered its biggest long-position wipeout of the year. We’re seeing huge liquidations, a breakdown in the usual Bitcoin-vs-gold correlation, and altcoin season stalled (TOTAL2 got rejected at prior highs and the Altcoin Season Index slid to 65). Still, Q4 could light a fire under prices with incoming altcoin ETFs and the CLARITY Act on the horizon.
On the altcoin front, Chainlink’s linked up with the Department of Commerce and looks primed for a breakout, XRP is about 26% shy of a fresh all-time high, and Avalanche (AVAX) plus Ethena (ENA) both have juicy upside potential. Ethereum’s weekly structure is wobbly, but savvy whales and institutions are quietly stacking up—so buckle up for a bumpy ride and watch those key levels.
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