🚨 MARKET UPDATE FROM THE LAST 24 HOURS - 10/08/2025
Bitcoin is currently trading around $121,600, down ~2.1% after reaching a new all-time high of $126,200 on 10/06.
Total market capitalization has decreased to $3.94 trillion.
24-hour trading volume remains high at $153.7 billion.
BTC Dominance is currently at 59.09%, slightly down from 24 hours ago.
Altcoins are adjusting more sharply than BTC, with most down 4–7%, while BNB continues to rise strongly.
👉 This is seen as a normal correction after the market has risen significantly over the past two weeks, with no signs of panic selling.
📊 The S&P 500 has increased by 106% in USD — but has decreased by 88% when measured in Bitcoin.
From 2020 to now, the S&P 500 has risen over 100% when measured in USD, but when converted to Bitcoin, this index has dropped by more than 88%.
This is not because the S&P 500 is weakening, but because the USD is depreciating too quickly compared to Bitcoin.
Although U.S. stocks have surged, the purchasing power of the dollar has decreased when measured against a scarce asset like BTC.
👉 This clearly reflects the long-term trend of fiat currency being diluted, while Bitcoin is increasingly becoming a global unit of value.
🔻 BITCOIN (BTC) ANALYSIS
H1 Frame (1 hour):
+ RSI is at 37.5 → close to the oversold zone
+ MACD is starting to signal a recovery
+ Price is testing the support area around $120K
→ If it holds this level, there is a chance to bounce back to the $125K area in the short term
H4 Frame (4 hours):
+ RSI has cooled down, back to the average zone (45)
+ Price is still above the EMA50 line → the uptrend is still intact
+ The current price pattern is a Bear Flag in an uptrend → this is a common correction before continuing to rise
→ If BTC holds the $120K–$121K area, the uptrend will not be broken
🔻 BTC DOMINANCE (BTC.D)
+ Current BTC Dominance is 59.09%
+ On the H4 frame, a 3-top pattern is forming – usually a sign that a reversal may be imminent
+ BTC.D's RSI is also showing a bearish divergence → price is rising but the indicator is weakening
Currently, BTC.D is still at a high level → the market is still focused on Bitcoin, altcoins are just accumulating.
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