---
title: "Bitcoin, Dogecoin Gain, While Ethereum, XRP Move Sideways; Analyst Says BTC's Top Still Not 'On The Horizon'"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/260366816.md"
description: "Bitcoin and Dogecoin saw gains, while Ethereum and XRP remained stable. Bitcoin rebounded to around $122,000, despite a drop in open interest, indicating short traders closing positions. The global cryptocurrency market cap rose to $4.20 trillion. Analyst Julio Moreno suggests Bitcoin may continue to rally, with no top in sight. Ethereum's support level is critical, with potential drops if it fails to hold. The S&P 500 and Nasdaq also reached record highs, amid inflation concerns from the Fed's minutes."
datetime: "2025-10-09T02:03:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260366816.md)
  - [en](https://longbridge.com/en/news/260366816.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260366816.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/260366816.md) | [繁體中文](https://longbridge.com/zh-HK/news/260366816.md)


# Bitcoin, Dogecoin Gain, While Ethereum, XRP Move Sideways; Analyst Says BTC's Top Still Not 'On The Horizon'

**Bitcoin** rallied alongside the **S&P 500** on Wednesday, even as the Federal Reserve’s minutes raised tariff-induced inflation concerns.

## Bitcoin Recovers, But Open Interest Drops

Bitcoin rebounded after the Tuesday pullback, leaping to intraday highs at $124,167.09 before settling in the $122,000 region overnight.

**Ethereum** moved sideways in the $4.500 region, as trading volume slumped 29% over the last 24 hours.

Bitcoin’s dominance stayed just above 58%, while Ethereum’s market share fell below 13%.

Cryptocurrency liquidations reached $325 million in the last 24 hours, with nearly equal amounts of longs and shorts evaporated, according to Coinglass.

Interestingly, Bitcoin’s open interest dropped 1.31%. A drop in open interest coming alongside a price increase typically indicates short position traders closing their positions.

Meanwhile, nearly 60% of Binance traders with open BTC positions were short as of this writing.

**Top Gainers (24 Hours)**

The global cryptocurrency market capitalization stood at $4.20 trillion, following a modest increase of 0.70% in the last 24 hours.

## Stocks Back At Record Highs

Stocks rebounded to record highs on Wednesday. The S&P 500 rallied 0.58% to close at 6,753.72. The tech-focused **Nasdaq Composite** rose 1.12% to end at 23,043.38. The **Dow Jones Industrial Average** ended another day in the red, dropping 1.20 points to end at 46,601.78.

According to the Minutes of the Fed’s September meeting, participants noted that President **Donald Trump's** tariffs increased inflation this year and would likely add further pressure next year. The central bank estimates inflation returning to the 2% target only in 2027.

Meanwhile, the odds of a 25 basis point rate cut during the upcoming meet dropped marginally to 94%, according to the CME FedWatch tool.

## BTC To Continue Rally?

**Julio Moreno**, Head of Research at on-chain analytics firm CryptoQuant, said Bitcoin’s profit-taking remained low despite hitting record highs at $126,000

"This suggests that Bitcoin may continue to rally, and that a top is still not on the horizon," Moreno added.

Widely followed cryptocurrency analyst **Ted Pillows** highlighted the importance of the $4,250-$4,300 support zone for Ethereum.

"If this level holds, Ethereum will start the reversal. Otherwise, expect a drop towards $4,000 in the coming weeks," Pillows projected.

_Photo Courtesy: Travis Wolfe on Shutterstock.com_

-   **Bitcoin Could 10x From Here, Says PayPal’s Ex-Boss—And This Pricing Model Agrees**

### 相关股票

- [Grayscale Ethereum Staking ETF (ETHE.US)](https://longbridge.com/zh-CN/quote/ETHE.US.md)
- [DOGE/USD (DOGEUSD.VAHK)](https://longbridge.com/zh-CN/quote/DOGEUSD.VAHK.md)
- [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/zh-CN/quote/BTCHKD.VAHK.md)
- [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/zh-CN/quote/BTCUSD.VAHK.md)
- [ETH/HKD (ETHHKD.VAHK)](https://longbridge.com/zh-CN/quote/ETHHKD.VAHK.md)
- [ETH/USD (ETHUSD.VAHK)](https://longbridge.com/zh-CN/quote/ETHUSD.VAHK.md)

## 相关资讯与研究

- [Eightco Reports $326M Total Holdings Including 277.2M Worldcoin, $90M OpenAI Stake](https://longbridge.com/zh-CN/news/281191320.md)
- [Mark Zuckerberg texted Elon Musk to offer help with DOGE](https://longbridge.com/zh-CN/news/280887963.md)
- [Osprey Bitcoin Trust delays 2025 annual report filing, cites financial statement completion work](https://longbridge.com/zh-CN/news/281344737.md)
- [BTC miners are collectively turning to Bitcoin.](https://longbridge.com/zh-CN/news/281160892.md)
- [Peter Schiff Sounds Alarm On Bitcoin-Backed Mortgages](https://longbridge.com/zh-CN/news/280834905.md)