Bitcoin News Today:

Santiment’s latest analysis highlights Bitcoin, Ethereum, and Dogecoin as the top tokens generating the most social buzz in the cryptocurrency space. Despite Bitcoin’s recent price correction from its $124,000 peak, long-term investor confidence remains strong. According to data from Glassnode, Bitcoin’s illiquid supply has surged to a record 14.3 million BTC, representing 72% of the total supply in circulation. This increase reflects sustained accumulation, with the illiquid supply rising by 20,000 BTC over the past 30 days. The trend underscores a shift in perception, with many investors viewing Bitcoin as a long-term store of value amid market volatility.

Ethereum also continues to attract attention, maintaining its position as the second-largest cryptocurrency by market capitalization. While specific details on Ethereum’s recent movements were not provided in the analyzed content, broader market dynamics—such as ETF inflows and regulatory developments—have contributed to its enduring relevance. Institutional adoption and growing infrastructure, including decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, have further solidified Ethereum’s role as a foundational asset in the crypto landscape.

Dogecoin, meanwhile, is poised for a potential milestone with the anticipated launch of its first U.S. exchange-traded fund (ETF). Bloomberg analyst Eric Balchunas reported that REX Shares is set to launch a Dogecoin ETF using the 40 Act regulatory framework, similar to its Solana staking ETF. This approach allows the fund to bypass the traditional S-1 filing process with the SEC, accelerating its path to market. Dogecoin has surged 116.67% over the past year, although it remains down 54% from its 2024 peak of $0.4672. The token’s price currently stands at $0.2129. REX’s filing also includes a disclaimer highlighting the high volatility and risks associated with Dogecoin, emphasizing the speculative nature of the investment.

The growing interest in Dogecoin is further amplified by its association with high-profile figures such as Elon Musk, who has long been an advocate for the meme-inspired token. Recent developments include Musk’s attorney, Alex Spiro, reportedly chairing a new public company aiming to raise $200 million to invest in Dogecoin. Such visibility has helped Dogecoin maintain mainstream relevance, despite its inherently speculative profile. REX Shares has also filed for an ETF tracking “OFFICIAL TRUMP” under the same regulatory framework, illustrating the broader trend of leveraging alternative structures to navigate the evolving regulatory environment.

From a broader market perspective, the Federal Reserve’s upcoming policy decisions and labor market data are expected to influence investor sentiment. September has historically been a weak month for Bitcoin, averaging a 3.77% decline since 2013. However, long-term bullish dynamics, including institutional absorption and ETF demand, remain intact. More than 690,000 BTC has been purchased by funds and corporations, surpassing the amount mined during the same period. This institutional accumulation has become a key driver of supply dynamics, shifting the narrative away from traditional halving-based price cycles.

Technical indicators suggest that Bitcoin is in a consolidation phase, trading near $111,000 and facing resistance at $113,000–$114,000. Breakouts above this range would be necessary to regain bullish momentum, while a failure to defend key support levels could push the price toward $106,000 or even $95,000. The coming weeks will be critical as traders and investors monitor the Fed’s September 17 meeting for potential policy shifts that could either reignite BTC’s upward trajectory or exacerbate downward pressure.

In conclusion, Bitcoin, Ethereum, and Dogecoin remain the focal points of social and investor activity in the cryptocurrency market. While Bitcoin continues to consolidate and Dogecoin moves toward its first ETF, Ethereum’s foundational role in the crypto ecosystem ensures its continued relevance. As market participants await regulatory clarity and macroeconomic signals, the interplay between institutional demand, regulatory developments, and speculative trading will likely shape the next phase of market dynamics.

Source:

[1] Bitcoin Illiquid Supply Hits Record 14.3M as Long-Term Holders Continue to Accumulate (https://www.coindesk.com/markets/2025/09/07/bitcoin-illiquid-supply-hits-record-14-3m-as-long-term-holders-continue-to-accumulate)

[2] Where Will Bitcoin Be in 5 Years? (https://www.fool.com/investing/2025/09/07/where-will-bitcoin-be-in-5-years/)

[3] Bitcoin Price Forecast: $106K–$114K Tests, as BTC-USD Stalls at $111K Ahead of Fed Decision (https://www.tradingnews.com/news/bitcoin-price-forecast-btc-usd-stalls-at-111k-usd-agead-of-fed-desicion)

[4] Dogecoin May See First-Ever ETF Launch Next Week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst)

[5] Dogecoin Price Chart Today - Live DOGE/USD (https://goldprice.org/cryptocurrency-price/dogecoin-price)