The outcome of the Federal Reserve's press conference and the Consumer Price Index (CPI) data on **June 12** could significantly impact **Bitcoin's (BTC)** volatility. **Bulls are accumulating BTC ETFs,** with inflows of **over $2 billion** in the past week, indicating anticipation of an upward breakout at **$72,000**. **Altcoins like Ethereum (ETH), BNB (BNB), Solana (SOL), and Cardano (ADA)** are facing resistance levels, but bullish momentum could prevail if these levels are overcome. **U.S. Dollar Index (DXY)** is above its 50-day SMA, indicating a short-term recovery, while the **S&P 500 Index (SPX)** is at a new all-time high. Overall, the market outlook remains **bullish**, with traders watching for the impact of macroeconomic events and the ability of altcoins to break through resistance.

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvNjdiYWY3OGMtYjE3Mi00NGVlLTllOTAtY2E2YzA0MTVlMzdhLmpwZw==.jpg"></p><p>Bitcoin and several altcoins are likely to be influenced by the upcoming macroeconomic events this week. </p>

Rakesh Upadhyay 13 minutes ago Bitcoin and several altcoins are likely to be influenced by the upcoming macroeconomic events this week. 106 Total views Listen to article 0:00 Price Analysis Own this piece of crypto history Collect this article as NFT Join us on social networks Two macroeconomic events could boost Bitcoin’s (BTC) volatility this week. The Federal Reserve’s press conference following the rate decision and the Consumer Price Index (CPI) data, both due on June 12, could help Bitcoin break out from its tight range. Investors anticipate the breakout to the upside, which could explain the solid buying last week. CoinShares weekly fund flows report on June 10 shows more than $2 billion in inflows into digital asset investment products. That increased the digital investment product’s five-week total inflows to $4.3 billion.Daily cryptocurrency market performance. Source: Coin360Bitcoin ETFs acquired 25,729 Bitcoin between June 3 and 7, a tad lower than the 29,592 Bitcoin bought in May. The purchase in the first week of June was equivalent to roughly two months’ worth of mining supply, showing demand overtaking supply.Could Bitcoin and select altcoins overcome their respective overhead resistance levels? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index (SPX) hit a new all-time high last week, indicating that the bulls are in control.SPX daily chart. Source: TradingViewThe upsloping 20-day exponential moving average (5,285) and the relative strength index (RSI) in the positive territory indicate that the path of least resistance is to the upside. The rally could reach 5,500. If sellers want to prevent the upside, they will have to quickly yank the price below the moving averages. If they do that, the aggressive bulls may get trapped, resulting in long liquidation. The index could then slide toward 5,000.U.S. Dollar Index price analysisThe U.S. Dollar Index (DXY) fell below the ascending channel on June 3, but the bears could not sink the price below 104.DXY daily chart. Source: TradingViewThat started a rebound, which pushed the price back inside the channel on June 7. The bulls continued their purchase on June 10, propelling the price above the 50-day simple moving average (105). The strong recovery shows that several short-term bears may have been trapped, resulting in a short squeeze. Buyers will try to push the price to 105.75 and subsequently to 106.50. This optimistic view will be negated if the price turns down sharply and skids below 104.Bitcoin price analysisThe bulls managed to keep Bitcoin above the 20-day EMA ($68,726) but failed to start a strong rebound off it. This suggests a lack of aggressive buying at current levels.BTC/USDT daily chart. Source: TradingViewThe bears will try to sink the price below the 20-day EMA. If they do that, the BTC/USDT pair could sink to the 50-day SMA ($65,906). This level may attract strong buying by the bulls because a break below the 50-day SMA will tilt the short-term advantage in favor of the bears. The pair may then fall to $60,000.The $72,000 to $73,777 zone is the critical overhead resistance to watch out for. If buyers overcome this zone, the pair could pick up momentum and surge to $80,000 and eventually to $88,000.Ether price analysisEther (ETH) is trying to find support at the 20-day EMA ($3,676), but the failure to push the price above $3,730 suggests that the bears are maintaining their pressure.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out, and the RSI is just above the midpoint, suggesting a balance between supply and demand. If the price plummets below $3,600, the selling could pick up, and the ETH/USDT pair may collapse to the 50-day SMA ($3,374). Conversely, if the price rises and maintains above $3,730, it will suggest solid buying on dips. The bulls will then make one more attempt to drive the price to the overhead resistance at $4,094. If this obstacle is overcome, the pair may reach $4,868.BNB price analysisBNB (BNB) turned down from $722 on June 6 and reached the breakout level of $635 on June 10. This is a significant level to watch out for as the bulls and the bears are expected to battle it out for supremacy. BNB/USDT daily chart. Source: TradingViewIf the price bounces off $635 with strength, it will suggest that the bulls are trying to flip the level into support. The BNB/USDT pair will again try to rise to the overhead resistance of $722. A close above this resistance will clear the path for a move to the pattern target of $775.On the contrary, if the price breaks below the breakout level, the pair could descend to the uptrend line. The bulls are expected to defend this level with all their might because if they fail in their endeavor, the pair may tumble to $560 and then to $536.Solana price analysisSolana (SOL) dipped below the breakout level of $162 on June 7, signaling that the bears are attempting a comeback.SOL/USDT daily chart. Source: TradingViewThe bulls have defended the 50-day SMA ($157) for the past three days but have failed to push the SOL/USDT pair above the 20-day EMA ($164). This increases the risk of a breakdown to $140, which is expected to behave as a strong support.The first sign of strength on the upside will be a break and close above $176. If that happens, the bulls will try to kick the price above the $189 resistance and challenge the formidable hurdle at $205. XRP price analysisXRP (XRP) nosedived below the support line and the $0.46 support, but the lower levels attracted solid buying, as seen from the long tail on the candlestick.XRP/USDT daily chart. Source: TradingViewThe break below the triangle invalidated the developing ascending triangle pattern. The 20-day EMA ($0.51) has started to turn down, and the RSI is in the negative zone, indicating that the bears are in command. Sellers will try to sink the price to the crucial support at $0.46.If the price once again bounces off the $0.46 support, it will suggest that the bulls are aggressively defending the level. A break and close above the moving averages will signal that the XRP/USDT pair may remain inside the $0.46 to $0.57 range for a while.Related: Bitcoin vs. Buffett: BTC holders' 104% CAGR dwarfs 'steady growth' portfolioToncoin price analysisToncoin (TON) rebounded off the 20-day EMA ($6.82) on June 9, indicating that the sentiment remains positive and traders are buying on dips.TON/USDT daily chart. Source: TradingViewThe bulls will try to push the price to the overhead resistance of $7.67, which is likely to attract strong selling by the bears. However, if the bulls prevail, the TON/USDT pair could start the next leg of the uptrend toward $10.Contrary to this assumption, if the price turns down and breaks below the uptrend line, it will invalidate the bullish ascending triangle pattern. The pair may then slump to $6 and subsequently to $5.60.Dogecoin price analysisDogecoin (DOGE) turned down and plunged below the moving averages on June 7, suggesting that the price may remain inside the $0.12 to $0.18 range for some time.DOGE/USDT daily chart. Source: TradingViewThe downsloping 20-day EMA ($0.15) and the RSI in the negative territory signal that the bears have the edge in the near term. The DOGE/USDT pair could fall to $0.14 and thereafter to $0.12.A strong rebound off $0.12 will suggest that the bulls remain buyers at lower levels. The next trending move is likely to begin on a break above $0.18 or below $0.12. Until then, random and volatile range-bound action may continue.Cardano price analysisCardano (ADA) witnessed sharp volatility on June 7, followed by a drop below the symmetrical triangle pattern on June 8. ADA/USDT daily chart. Source: TradingViewThe bulls tried to push the price back into the triangle on June 9, but the bears are trying to defend the level. If the price turns down and breaks below $0.42, it will signal that the bears have flipped the support line into resistance. That will increase the likelihood of a fall to $0.35.Contrarily, if buyers propel the price above the 50-day SMA ($0.46), it will suggest that the breakdown may have been a bear trap. The ADA/USDT pair could then rally to the resistance of the triangle.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#Bitcoin #Dogecoin #Cryptocurrencies #Altcoin #Dollar #Ethereum #Bitcoin Price #XRP #Markets #Cryptocurrency Exchange #Cardano #TON #Price Analysis #Binance Coin #Ether Price #Solana #S&P 500 Add reaction

**Price Outlook for Bitcoin and Altcoins: Key Macroeconomic Events Ahead**

## Bitcoin's Unexpected Decoupling from Nasdaq

**Amid a week where major assets, including Gold and the Nasdaq 100, posted gains, Bitcoin lagged significantly.** The recent Bitcoin decoupling suggests the asset is neither a risk-on nor a safe-haven asset.

According to Coingecko, Bitcoin’s price has declined by approximately **2.09% over the past seven days**. This occurred while safe-haven gold surged **4.85%** and the risk-on Nasdaq 100 Index climbed **1.34%**.

## What Caused the BTC-Nasdaq Decoupling?

For much of the year, Bitcoin has maintained a **high correlation with the Nasdaq 100**, generally rising and falling in tandem. This relationship held early last week.

The mood was positive through Tuesday after Federal Reserve Chair Jerome Powell hinted at a potential **interest rate cut** at the October FOMC meeting and a possible end to **Quantitative Tightening (QT)**. These statements led to minor gains for both the Nasdaq and Bitcoin.

However, the correlation began to break sharply starting at 9 am UTC on October 15. From that point, the Nasdaq 100 finished the week up **0.44%**, while Bitcoin plunged **3.71%**.

## Leverage Washout Cited as Primary Cause

On-chain analysts point to the massive crypto crash on October 10—an event that saw over **$19 billion in liquidations** and injected fear into the market—as the likely culprit.

TeddyVision, an analyst at CryptoQuant, highlighted two distinct trends between August 1 and mid-October. Analyzing the 30-day Simple Moving Average (SMA) of stablecoin net inflows to exchanges, he found that **USDC inflows to spot exchanges** (typically used for spot buying) declined.

Meanwhile, **USDT inflows to derivatives exchanges** (often used for collateral) increased. This suggests that capital used for actual asset purchases decreased. Meanwhile, liquidity supporting leveraged derivatives, such as futures and perpetual contracts, surged.

## The Role of Synthetic Demand

According to this analysis, it might not have been **organic spot demand** which have driven the recent price appreciation. Instead, it was likely caused by **speculative leverage** and **synthetic exposure** linked to derivatives and ETF-related capital rotation.

The October 10 crash may have instantly evaporated the market’s **speculative buying pressure**, explaining why Bitcoin failed to rally alongside the recovering Nasdaq 100.

## Geopolitical Hopes and Altcoin Strength

Bitcoin showed a slight rebound on Sunday, crossing the **$108,000 mark** for the first time since the drop. For Bitcoin to successfully chase the Nasdaq’s recovery this week, attention must shift back to the potential de-escalation of the **US-China tariff war**, which initially caused the price to plummet from the $122,000 level to $100,000.

The atmosphere appears tentatively optimistic. In a Friday interview, President Donald Trump indicated that he does not believe the **100% tariff on China** is “sustainable,” suggesting that the high tariff was merely a negotiating tactic to gain concessions on rare earth exports.

Treasury Secretary Scott Besent is scheduled to hold working-level talks with Chinese Vice Premier He Lifeng this week in Malaysia. These discussions aim to set the stage for a potential **US-China summit** at the APEC meeting on October 31 in Gyeongju, South Korea.

Despite Bitcoin’s two-week slump, **investor sentiment remains resilient**. The rapid recovery of altcoins evidences this. While BTC fell approximately 2%, **ETH rose 5.96%** and **SOL gained 7.12%** over the same period, signaling that lower-cap altcoins are recovering faster than the benchmark asset.

## Looking Ahead: Macro Indicators and Earnings

This week, we will also see the release of crucial **macroeconomic indicators**, including the delayed **CPI data** on Friday due to the shutdown of the US government. Manufacturing and service PMI figures and the University of Michigan Inflation Expectations will be released concurrently.

Bitcoin lagged the Nasdaq last week due to a leverage washout. Analysts point to speculative demand. US-China talks & CPI are now in focus.

Bitcoin's Shocking Nasdaq Breakup: The Hidden Leverage Crisis No One Predicted

## Ethereum Leads Crypto's Q3 Rally as Capital Flees Bitcoin

**Ethereum (ETH)** emerged as the frontrunner in crypto’s third-quarter recovery, leaving **Bitcoin (BTC)** behind as capital flowed into **altcoins**, **DeFi protocols**, and a new wave of **tokenized assets**, a report by **CoinGecko** found.

The broader market added over **$500 billion** in value, its second straight quarter of meaningful growth, but this time, it wasn't Bitcoin leading the charge. Instead, investors looked to **Ethereum** and other large-cap tokens to carry momentum forward.

At the start of July, it looked like Bitcoin would again set the pace. Its price hit new highs early in the quarter, buoyed by retail interest and institutional inflows through **spot exchange-traded funds (ETFs)**.

But by September, the narrative had changed. While Bitcoin cooled off, **Ether caught fire**.

A combination of **ETF demand**, growing interest in **tokenized real-world assets**, and renewed attention from **corporate treasuries** helped ETH hit a fresh all-time high before settling back.

That shift in focus was one of the quarter’s **defining trends**, analysts at CoinGecko wrote.

Trading activity, which had fallen for two straight quarters, snapped back with strength. **Spot volumes surged** across centralized and decentralized exchanges. But the story wasn’t just about volume, it was about where that volume was going.

**Meme coins**, long considered fringe, made a dramatic return with tokens like M climbing the charts. **Stablecoins** like USDe gained ground, and lesser-known altcoins entered the top 30 by market cap. **DeFi**, which had faded from the spotlight in late 2024, mounted a comeback as **total value locked** in lending and staking protocols climbed alongside Ethereum’s rise, according to the report.

## A Shift in Investor Appetite

Behind the scenes, **structural shifts** were taking shape.

Bitcoin’s share of the total crypto market declined, a sign that investor appetite had moved toward other narratives. Ethereum gained ground, but so did categories that had struggled to break through in previous years, particularly **tokenized assets**.

A new generation of **on-chain stocks and bonds** began to take hold, and protocols like **Ondo** and **Backed Finance** gained traction with investors looking to bridge traditional and decentralized finance.

Bitcoin also became less tied to legacy markets. Its price movement **decoupled from the S&P 500** for the first time in over a year. That could be read as a positive, the report stated, and proof that crypto is becoming a more **independent asset class**. But it also reflects how investor attention has fragmented, the report stated.

Even the mining sector reflected this changing dynamic. Bitcoin’s **hashrate hit record highs**, and miner-focused ETFs posted strong returns.

However, the spotlight was elsewhere: on **emerging tokens**, Ethereum’s momentum, and the **rebirth of DeFi**, the report found.

![ETH closed 2025 Q3 at $4,215, representing a +68.5% increase within the quarter. (CoinGecko)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F81f9ef09b5ec5fb5c758552f1e2f07c0b949bd00-1338x770.png%3Fauto%3Dformat&w=3840&q=75)

ETH hit fresh highs while bitcoin cooled, as investors chased DeFi, altcoins, and tokenized assets. CoinGecko calls it a defining market shift.

Ethereum's Q3 Explosion: How ETH Stole the Spotlight from Bitcoin in a Major Market Shift

## The Hidden Danger in Your Neighborhood

There’s a remarkable new report from the CNN Investigates team about **crypto ATMs** – devices that may be at your corner store and allow people to exchange money for cryptocurrency such as **Bitcoin**.

[A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.](https://www.cnn.com/newsletters/what-matters?source=nl-acq_article)

[See the full investigation, with videos and visualizations.](https://www.cnn.com/interactive/2025/10/us/crypto-atm-scams-companies-profit-invs-vis/)

### One Machine, Dozen Frauds

I was struck by the detail that CNN documented **at least a dozen potential fraud cases tied to a single ATM**. That’s an indication not just that one ATM has a problem, but that these cases of fraud are **rampant in the US**.

Shame at being duped may keep many people from reporting that they’ve fallen victim to fraud, and when they do, authorities are frequently at a loss to help. But now, by using crypto ATMS – there’s probably one near your house – scammers have changed the way things work. And **companies that operate the machines are profiting from it**.

The companies behind these crypto ATMs strongly disputed allegations that they profit from scams and listed various efforts to protect consumers. There’s more about all of that in the story.

### Behind the Investigation

I talked to three of the CNN reporters who worked on the investigation, Yahya Abou-Ghazala, Curt Devine, and Majlie de Puy Kamp. They answered my questions by email. Our conversation is below:

**What made you realize these crypto ATMS were a story? Was it something specific?**

We previously wrote about state attorneys general attending lavish foreign trips paid for by the industries they oversee, including a [luxury trip to Rome](https://www.cnn.com/2025/05/15/politics/attorneys-general-luxury-trips-lobbyists-rome-invs) earlier this year. Our colleagues traveled to Italy to document the trip and noticed someone stand out among the attendees. This person appeared younger than other attendees and was not a recognizable official or lobbyist. This turned out to be **Ben Weiss, the CEO of CoinFlip**, a crypto ATM company that had been sued by the state of Iowa for allegedly profiting from scams (which the company disputes). We didn’t know much about crypto ATM companies at the time, but we realized this was an industry that was both gaining influence among government officials and coming under scrutiny.

**These scams seem to go by a script where the victim is intimidated by a threatening phone call and an urgent demand for money. What have the crypto ATMs changed?**

Crypto ATMs have made it easier to quickly send **large volumes of currency to places out of reach of US law enforcement**. Rather than sending victims to buy a bunch of gift cards for $500 each, for example, scammers can send them to one machine to deposit thousands of dollars at one time and then funnel the currency overseas.

Scammers also prey on the average person’s lack of knowledge about the machines themselves. From our experience reporting this story, many people aren’t familiar with crypto ATMs or how they work. Scammers tend to exploit this, especially when they are pretending to be law enforcement or government officials. They send often elderly victims to these machines under the assumption that the crypto ATM is a legitimate way to pay off (made up!) fines, fees, or debts to companies or the government. In one incident, a scammer referenced the **Strategic Bitcoin Reserve** that President Donald Trump established to make a victim more comfortable with stuffing cash into ones of these machines.

**So many people – including me – have gotten these phishing calls from people who have personal information about you. They’re scary. Many people probably figure out it’s a scam before handing over money. How often are the calls successful?**

That is difficult to answer, but given how prevalent these scam texts are, we have to assume they are lucrative for criminals. The **FBI told us Americans lost around $240 million to crypto ATM scams in the first half of this year**. What’s interesting is that we’ve seen people from all walks of life fall for these scams, including doctors and CEOs.

It’s easy to blame the scam victim for falling for the ruse, but the fact of the matter is, if the scam is targeted right, you will probably fall for it too. And these days there is so much information on people available online that it doesn’t take much for a scam to be targeted enough to be believable.

**Is there evidence that there is an organized effort behind these? What do we know about the people doing the targeting?**

In most local cases we reviewed, the scammer’s identity remains a mystery. But in some cases, specific people have been charged – like a citizen of India [indicted](https://www.justice.gov/usao-az/pr/participants-tech-support-scheme-charged-conspiracy-launder-fraudulent-proceeds) last year, who prosecutors called “a high-level member of a sophisticated, organized, transnational fraud ring.” That case remains pending and much of it is sealed. Some Americans have also been [charged](https://www.justice.gov/usao-mdfl/pr/georgia-inmate-and-associate-indicted-conspiracy-commit-wire-fraud-jury-duty-scam). We also know there are [scam compounds](https://www.cnn.com/2025/02/05/asia/myanmar-thailand-scam-power-cuts-intl-hnk) in places like Myanmar, where thousands of people are held against their will and forced to work for low wages to carry out financial scams that target Americans. So it’s certainly possible that some of the scammers who try to push people in the US to transfer them cash through crypto ATMs are themselves victims of crimes.

**You tied multiple scams to a single ATM. How long did that process take? Is there a way for people to figure out if ATMs near them have been used in scams?**

We requested records from police departments, the Federal Trade Commission and state offices across the country and went through each incident report to log the details in a spreadsheet. It took us about **four months to receive the records and log more than 700 cases**. It was in that process of manually reading through every report that we started to notice recurring addresses for the same location or store. Once we put everything together, the spreadsheet became a trove of information allowing us to see how much money people had lost, what sort of scam had targeted them and which ATMs they used.

It would be time-consuming to replicate that process, and the point is not whether a particular crypto ATM has been repeatedly used by scammers. The point is that these scams are now rampant, so if someone says you need to deposit money into one of these machines to pay a fine or avoid a penalty, that’s almost certainly a scam.

**The crypto ATM owners say most of the transactions are legitimate. Is there any data to back up that claim?**

That is a great question, with a bit of a convoluted answer. Some of the companies have pointed to a [report](https://www.trmlabs.com/resources/blog/illicit-activity-involving-crypto-atms-is-double-that-of-overall-crypto-industry) by the analytics group TRM Labs, which found that **1.2% of cash-to-crypto transactions were illicit in 2023**. That’s a relatively small figure.

But some law enforcement investigations that have obtained data from particular crypto ATM companies and interviewed customers have alleged scams account for much higher percentages of those companies’ business. The **DC attorney general alleged that more than 90% of deposits in one company’s ATMs came from fraud** over the span of months, which that company disputes.

**One thing that sticks out is that there appears to be little law enforcement can do after a person uploads cash to the crypto ATM. What are the roadblocks to recovering money?**

Once you insert cash into a crypto ATM, that currency can rapidly be transferred just about anywhere in the world. The problem with recovering the money afterward is that scammers often direct the funds to **cryptocurrency exchanges outside of US jurisdiction** that are less likely to cooperate with US law enforcement.

**Are lawmakers talking about some kind of regulation? What are some of the remedies being discussed?**

More than a dozen states have passed laws that seek to blunt crypto ATM scams. They impose requirements like **daily transaction limits on the machines**, which seek to reduce what scam victims may lose. As lawmakers have sought to crack down, crypto ATM companies have hired lobbyists across the country and have even pushed their own model legislation with fewer protections. In Missouri, for example, legislators passed regulations this year that matched model legislation passed along by CoinFlip in another state nearly word-for-word, with no transaction limits. Some federal lawmakers have pushed for tighter rules, but remember, the Trump administration has [relaxed](https://www.justice.gov/dag/media/1395781/dl?inline) oversight of the crypto industry. So these regulation debates may play out for years to come.

There’s a remarkable new report from the CNN Investigates team about how crypto ATMs, devices that may be at your corner store and which allow people to exchange money for cryptocurrency such as Bitcoin.

Price Outlook for Bitcoin and Altcoins: Key Macroeconomic Events Ahead

Summary:

Bitcoin (BTC) may break out of its range after Fed press conference and CPI data.

BTC ETFs saw inflows of over $2 billion last week.

U.S. Dollar Index (DXY) recovers above its 50-day SMA.

S&P 500 Index (SPX) hits a new all-time high.

Ethereum (ETH) needs to hold above $3,600 to maintain upward momentum.

BNB (BNB) faces resistance at $722, but bulls aim for $775.

Solana (SOL) seeks to break $176 to continue its uptrend.

XRP (XRP) struggles below $0.46 support, but bulls defend $0.46.

Toncoin (TON) aims for $7.67 resistance after a rebound from $6.82.

Dogecoin (DOGE) may range between $0.12 and $0.18.

Cardano (ADA) broke out of a symmetrical triangle, but bulls defend $0.46 for a potential reversal.

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