Crypto Market Consolidates Ahead of Key Data Week; SOL and DOGE Gain Momentum
10/9/2025

Cryptocurrencies spent last week largely in neutral territory, with bitcoin lagging peers and traditional assets like gold. Traders maintained cautious positioning ahead of U.S. CPI, PPI, and central bank announcements, while selective rotations drove gains in Solana (SOL) and Dogecoin (DOGE).

Bitcoin (BTC) traded around $111,500 on Monday, remaining in a tight range as market participants weighed macroeconomic catalysts. Ether (ETH) hovered near $4,312, XRP at $2.96, and BNB (BNB) around $880. Solana climbed to $218, while Dogecoin extended its 11.6% weekly gain to $0.24, boosted by the anticipated launch of the first-ever memecoin ETF in the U.S. on Thursday.

Market sentiment remained cautious. “Crypto prices treaded water last week, with BTC noticeably lagging both peers and broader assets like equities and spot gold,” said Augustine Fan, head of insights at SignalPlus. He noted weaker buying in digital asset trusts and a slowdown in centralized exchange activity.

Fan added, “The short-term picture is challenging. A defensive stance seems prudent given seasonal headwinds. Watch for DAT premia compression and downside convexity risks,” referring to the growing number of digital asset treasuries held by U.S.-listed companies.

Macro developments could break the current stalemate. “This is a decisive week as U.S. economic data and central bank decisions converge,” said Lukman Otunuga, senior market analyst at FXTM. He noted that cooler CPI readings or payroll revisions could bolster the case for Fed cuts, weaken the dollar, and lift alternative assets, whereas sticky inflation could increase volatility.

Investor positioning reflects this push and pull. “Traders are caught between turning bearish and risking missed upside or buying the dip too early,” said Justin d’Anethan, founder of Poly Max Investment. He added that chatter around Strategy’s potential S&P 500 inclusion has faded, yet public companies now collectively hold roughly 1 million BTC.

“In the bigger picture, BTC consolidating around $111K remains a solid level for long-term holders. Pullbacks of 10–15% within bull runs have historically not broken the trend,” d’Anethan said.

For traders, the focus remains on CPI and PPI readings to gauge policy direction, the dollar for cross-asset risk appetite, and DAT premia for signs of reactive selling.