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🔥 Today at 15:30, a key indicator for the crypto market, inflation in the USA, will be released Forecasts: • CPI — 2.9% • Core CPI — 3.1% The US economy is already showing weakness: 🔴 Employment revision minus 911 thousand jobs (record cut) 🔴 Unemployment rose to 4.3% (highest since 2021) 🔴 Producer Price Index (PPI) fell to 2.6% against a forecast of 3.3%, Core PPI — 2.8% against 3.5% Now everything depends on the CPI: 🔽 Above forecast → rate -25 bps 🟠 Within forecast → base scenario -25 bps in September 🔼 Below forecast → chance for -50 bps and a series of cuts, which will be a strong growth driver for Bitcoin and Altcoins. #BTC #ETH #Ethereum #Bitcoin

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Dogecoin broke above $0.25 for the first time in a month after Bloomberg’s Eric Balchunas confirmed the DOJE ETF will begin trading Friday. Futures open interest hit $4.5B as traders piled in ahead of the debut, while technicals point to a potential run toward $0.39. Dogecoin price rose 5% on Thursday, cleanly breaching the $0.25 level for the first time in nearly a month. The main bullish catalyst was the imminent Dogecoin ETF nearing approval after months of pushback and a long-running review process by the US Securities and Exchange Commission (SEC). On Thursday, Bloomberg Chief ETF Analyst Eric Balchunas confirmed that a Dogecoin ETF filing by Rex Osprey under the ticker DOJE is now set to resume trading on Friday, after a 24-hour delay. Dogecoin’s 5% price gains on Thursday suggest traders are positioning themselves ahead of the ETF debut. First, ETF launches historically attract persistent inflows from institutional investors, enhancing market depth and liquidity. Second, retail sentiment is also likely to spike considerably as corporate involvement gives credibility to memecoins like DOGE. Consequently, the $DOGE 5% spot price upswing was not the only eye-catching market reaction to the news. In the derivatives markets, Dogecoin traders were spotted mounting leveraged positions to front-run the landmark ETF launch. Affirming this narrative, Coinglass data show that open interest rose 6.9% in the last 24 hours, hitting $4.5 billion and outpacing the spot price uptick, while futures trading volume also increased by 22.7%. Dogecoin Price Forecast: Can $DOGE Extend Toward $0.39? From a technical perspective, Dogecoin’s price breakout above $0.25 signals the completion of a double-bottom reversal pattern that has been forming since April. The neckline of this pattern sits near $0.28, with a measured move target projecting a long-term rally toward $0.39. Momentum indicators also support this bullish outlook. As seen below, the daily Relative Strength Index (RSI) has climbed to 63.1, mildly overheating but leaving room for further upside. Meanwhile, $DOGE remains comfortably above its short-term moving averages, with the 5-day SMA at $0.241 and the 13-day SMA at $0.231, both acting as support. If buying pressure sustains above $0.25 and breaks the neckline at $0.28, Dogecoin could accelerate toward the $0.30 to $0.32 range in the near term. A clean breakout would open the door to the $0.39 target highlighted by the double-bottom formation. However, failure to hold $0.24 support could invalidate the upside momentum and raise the risk of a possible retracement toward $0.22.

#Bitcoin Steady at $115K as Fed Cut Speculation Builds Bitcoin $BTC price held near $115,000 on Thursday, posting modest gains of 0.7%. Traders remain divided as mixed U.S. economic data reshapes expectations for Federal Reserve policy. 📊 Inflation Data: August #CPI rose 0.4% MoM, pushing annual inflation to 2.9%, the sharpest increase since January. Core CPI climbed 0.3% MoM and 3.1% YoY, matching forecasts. 📉 Labor Market Weakness: Jobless claims surged to 263,000, the highest since 2021 and well above estimates. This labor softness is fueling bets on monetary easing despite inflationary pressures. 🏦 Fed Outlook: Markets now price in a 75 bps rate cut by year-end, with the first move expected at the Sept. 17 #FOMC meeting. Futures still assign a small chance of a larger 50 bps cut. 🔑 Market Takeaway: Bitcoin has rebounded from August lows but remains far below its yearly peak. With liquidity conditions and rate expectations driving sentiment, the Fed’s upcoming decision could set BTC’s next major trend.