--- title: "Bitcoin, Ethereum, XRP, Dogecoin Slide as Rate Hike Odds Jump: Analyst Says BTC Target Remains At $100,000 Despite the Dip" type: "News" locale: "en" url: "https://longbridge.com/en/news/299971292.md" description: "Major cryptocurrencies including Bitcoin, Ethereum, and XRP declined on September 23 as strong macroeconomic data increased expectations for another interest rate hike. The crypto market cap fell 2.6% to $2.96 trillion, with over $540 million in liquidations. While stocks also dropped, analyst Ali Martinez maintains a $100,000 target for Bitcoin, citing a double bottom pattern and accumulation by large wallets." datetime: "2026-09-24T02:02:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299971292.md) - [en](https://longbridge.com/en/news/299971292.md) - [zh-HK](https://longbridge.com/zh-HK/news/299971292.md) generator: "portal-rs" --- # Bitcoin, Ethereum, XRP, Dogecoin Slide as Rate Hike Odds Jump: Analyst Says BTC Target Remains At $100,000 Despite the Dip Leading cryptocurrencies corrected on Wednesday as hot macro data signaled the chance of another rate hike. | **Cryptocurrency** | **24-Hour Gains +/-** | **Price (Recorded at 9:18 p.m. EDT)** | | ------------------------------------ | --------------------- | ------------------------------------- | | **Bitcoin** (CRYPTO: BTC) | -2.20% | $84,260.46 | | **Ethereum** (CRYPTO: ETH) | -2.60% | $2,682.14 | | **XRP** (CRYPTO: XRP)             | -4.50% | $1.50 | | **Solana** (CRYPTO: SOL)             | -2.90% | $115.36 | | **Dogecoin** (CRYPTO: DOGE)    | -7.50% | $0.09294 | ## **Crypto Market Reverses** **Bitcoin** descended from $87,000, hitting an intraday low of $83,654.39. **Ethereum** also retreated to $2,600, while **XRP** and **Dogecoin** recorded sharper declines Cryptocurrency-related stocks also fell, with **Strategy Inc.** (NASDAQ:MSTR) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing down 3.07% and 4.52%, respectively.  Over $540 million was liquidated from the cryptocurrency market in the last 24 hours, with long positions taking the heaviest losses, according to Coinglass data. Bitcoin’s open interest plummeted 6.63% over the last 24 hours. BTC’s Long/Short ratio dipped below 1, meaning a large number of traders are actively taking short positions. **Top Gainers (24 Hours)**  **Cryptocurrency** **Gains +/-** **Price (Recorded at 9:18 p.m. EDT)** **Bitway** (BTW)       +18.70%     $1.06 **Stable** (STABLE)     +9.90%     $0.02726 **Lighter** (LIT)          +4.00%     $5.33 The global cryptocurrency market capitalization stood at $2.96 trillion, down 2.60% in the last 24 hours. **Read Also: Bitcoin Could Deliver '3-5x Rather Than Another 10x' This Cycle, Analyst Says** ## **Stocks** Plunge As Rate Hike Bets Spike Stocks faced heavy sell-offs on Wednesday. The **Dow Jones Industrial Average** fell 352.10 points, or 0.68%, to end at 51,511.59. The **S&P 500** slid 0.75% to end at 7,706.03,while the tech-heavy **Nasdaq Composite** dropped 1.13% to settle at 26,936.04. The yield on the 10-year Treasury note surged to its highest level since 2007 after the latest Purchasing Managers’ Index readings came in higher than expected. Traders are now pricing in a nearly 70% chance of another 25-basis-point rate hike next month, according to the CME FedWatch tool. ## A Dip Before Rip? **Ali Martinez**, a widely followed cryptocurrency analyst and trader, flagged a “double bottom” pattern on Bitcoin’s daily chart, suggesting the $82,500 horizontal neckline will remain as a key support. “The target remains $100,000,” Martinez added. > Bitcoin $BTC double bottom suggests the $82,500 neckline will hold as support. > > The target remains $100,000. https://t.co/YA0DGPiL8M pic.twitter.com/YwfQPJ8M56 > > — Ali Charts (@alicharts) September 23, 2026 On-chain analytics firm Santiment noted that Bitcoin wallets holding 100-1,000 BTC have boosted their holdings by 2.22% over the last two months. “Santiment’s five-year analysis found 100-1,000 BTC wallets particularly have correlated quite closely with crypto market direction, with accumulation often appearing before or during stronger price periods,” the firm stated. > 🐳 Bitcoin’s 100-1,000 $BTC wallets are accumulating fast. Since July 15, they’ve added 113,950 BTC, growing their collective holdings by 2.22% to roughly 5.24M BTC. > > 🧠 This wallet tier has historically been one of Bitcoin’s most useful smart money groups to watch. Santiment’s… pic.twitter.com/tCntKfdPQg > > — Santiment Intelligence (@SantimentData) September 23, 2026 **Read Also: Bitcoin Analyst Admits His Rate-Hike Thesis 'Was Not Rooted in the Data'** *Photo Courtesy: Sodel Vladyslav on Shutterstock.com* ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) ## Related News & Research - [Cryptos Extend Gains Amidst Short Squeeze](https://longbridge.com/en/news/304480658.md) - [Bitcoin’s ‘Glory Days Are Over,’ Bloomberg Expert Says as Bulls Push Back](https://longbridge.com/en/news/304916608.md) - [Bitcoin and Ethereum ETFs shed $1.8B – Why investors are pulling back](https://longbridge.com/en/news/304350355.md) - [Bitdeer maintains zero Bitcoin holdings; BitMine increased its holdings by 8,573 ETH last week.](https://longbridge.com/en/news/304726782.md) - [BlackRock moves $213M in Bitcoin and $118M in Ethereum as ETF redemptions bite](https://longbridge.com/en/news/304955882.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**