The cryptocurrency market is closely watching Dogecoin this week as Nate Geraci, chairman and president of The ETF Store, says the first Dogecoin ETF could launch very soon, possibly within days. Meanwhile, market analyst Javon Marks predicts that the memecoin could be on the edge of a massive rally, which may bring huge gains of more than 860 percent for holders. First Dogecoin ETF Could Arrive This Week Nate Geraci shared his view on X that the first Dogecoin ETF appears likely to launch this week. He pointed to the REX-Osprey DOGE ETF, which will trade under the ticker symbol $DOJE. Geraci told followers to “get ready,” and he added that he thinks the next two months for crypto ETFs will be “wild.” His words suggest that not only Dogecoin but also other crypto funds could be part of a very active period in the ETF space. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken ETF provider REX Shares also confirmed the REX-Osprey DOGE ETF. The company announced that $DOJE is coming soon and will be the first ETF to give investors direct exposure to Dogecoin’s performance. For fans of the iconic memecoin, this means there will be a new and regulated way to invest in DOGE without holding the coin directly. The ETF filing with the U.S. SEC, which includes a prospectus for the offering, confirms that the plan is official and already moving forward, making Geraci’s comments about an ETF launch this week more realistic. If it goes live, the Dogecoin ETF will join the growing list of crypto ETFs already on the market, but it will stand out as the first dedicated to DOGE. Analyst Predicts A 860% Surge In The Dogecoin Price While news about a Dogecoin ETF is making waves, market analyst Javon Marks has put forward an even more dramatic outlook for the coin’s price. Based on his review, he believes the coin could rise more than 860% from its current levels. His price target is about $2.28, though he added that the move could even go much higher. Related Reading: Chainlink Integration Brings Shiba Inu Into New Crosschain Market — What You Should Know Marks explained that Dogecoin’s earlier cycles have shown a pattern of big rallies, and the current setup is similar. That is why he thinks a near 10X rally could be looming in the future. In the past, the memecoin often spent long stretches moving sideways and building strength before breaking out into significant gains. Marks sees the same type of structure now, which is why he believes another large rally may be starting. With the possibility of the first Dogecoin ETF launching this week and a well-known analyst suggesting massive price growth, the coin is once again at the center of attention in the crypto market. Investors are now watching both the ETF decision and the price charts to see if these bold calls will become reality. Featured image from DALL.E, chart from TradingView.com
Bitcoin is holding firm above the $110,000 level as investors await clarity on the US Federal Reserve’s monetary policy. The next Fed meeting has become a central focus, with speculation mounting that an interest rate cut could be announced, potentially reshaping risk appetite across global markets. For now, BTC is consolidating within a tight range, reflecting the market’s cautious stance ahead of this key macroeconomic event. At the same time, fresh onchain data highlights an encouraging trend for long-term confidence. According to analyst Darkfost, demand from Bitcoin accumulator addresses is skyrocketing, reaching a new record. These specific wallets are characterized by steady BTC purchases without selling activity, effectively signaling conviction among holders with long-term horizons. As of early September, these addresses have continued to absorb supply, reflecting a form of “silent accumulation” beneath the surface of short-term volatility. This dynamic underscores a divergence between macro-driven uncertainty and structural demand within the Bitcoin network. Even as short-term traders react to policy speculation and price swings, long-term participants continue to strengthen their positions. If this pattern persists, it could provide the backbone for BTC to hold current levels—and potentially stage a breakout—once monetary clarity arrives. Bitcoin Investors Signal Long-Term Conviction According to Darkfost, as of September 5, more than 266,000 BTC have been recorded as accumulated by accumulator addresses, marking a fresh all-time high for this type of holding behavior. These addresses are unique in their definition—they must have executed at least two incoming transactions of Bitcoin above a minimum threshold while never recording a single outgoing transaction. In simple terms, once BTC enters these wallets, it has yet to leave. This classification places accumulator addresses firmly in the category of long-term holder (LTH) behavior. Unlike short-term traders or speculative participants, these entities display a consistent strategy: buy and hold without succumbing to short-term volatility. Such behavior is particularly significant given the current backdrop of heightened uncertainty in global financial markets and Bitcoin’s own consolidation phase. The implications of this trend extend beyond individual wallet activity. In an era marked by the rise of corporate treasuries, institutional adoption, and Bitcoin’s growing recognition as a global store of value, the surge in accumulator activity suggests strong conviction that transcends day-to-day price action. By consistently adding to their positions and refraining from selling, these wallets illustrate a powerful structural demand that supports Bitcoin’s long-term trajectory. This charted behavior highlights how BTC is increasingly viewed not just as a speculative asset but as a strategic holding. In many ways, these accumulators are shaping the foundation for the next phase of Bitcoin’s market cycle, demonstrating that the backbone of this market lies with those preparing for the long haul rather than chasing short-term gains. Price Action Details: Key Resistance Above Bitcoin is showing signs of strength as it pushes back toward the $113K level, attempting to recover from its recent lows near $110K. The chart reveals that BTC is approaching the 100-day moving average (green line) around $114K, which now stands as an immediate resistance. A decisive close above this level would open the door for a retest of the $117K–$118K region, where the 200-day moving average (red line) currently sits. On the downside, the $111K level is acting as near-term support, with the $110K area remaining the key floor to watch. Losing this zone could trigger renewed selling pressure, potentially sending BTC back toward $107K. However, the current price action suggests buyers are stepping in at lower levels, keeping the market relatively stable despite the recent volatility. Momentum indicators point to cautious optimism. The rejection of deeper lows below $110K signals resilience from bulls, though BTC must overcome multiple resistance layers before regaining clear bullish momentum. A breakout above $114K would likely fuel a push toward the $120K range, while failure to reclaim these levels could keep Bitcoin stuck in consolidation. Featured image from Dall-E, chart from TradingView
Bulls and bears are clashing - Will VIRTUAL maintain its recent gains or face a reversal?
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The Labor Department just admitted the U.S. economy didn’t create as many jobs as it told everyone it did. The Bureau of Labor Statistics (BLS)’s report released Tuesday shows the government overstated employment gains by 911,000 over a one-year period leading up to March. That’s the biggest revision since 2002, and it just gave Donald Trump a major “told you so” moment. Wall Street had been bracing for a big revision, and some companies expected as much as a million, but most estimates were around 600,000. Trump installed new economist at BLS Most of the overestimated jobs were logged before he returned to the White House. So, when he started pushing tariffs and the data still looked weak, the administration blamed the BLS for hiding how bad things really were. After July’s jobs report turned out to be garbage, with major downward corrections and soft numbers, Trump fired BLS Commissioner Erika McEntarfer. Her replacement? E.J. Antoni, a conservative economist from the Heritage Foundation. But even with the leadership change, the August jobs report came in even worse than July. Then the June total got nuked too, revised to a loss of 13,000 jobs, marking the first monthly decline since December 2020. BLS says this isn’t a political issue. They claim the corrections are based on new data from the Quarterly Census of Employment and Wages, and also include updated business tax filings. Unlike the monthly numbers, which are built on surveys and subject to small tweaks, these annual revisions are deep cuts, basically a full reset of the data using more solid evidence. This year’s slash was 50% larger than the last and points to a shaky jobs situation through 2024 and early 2025. US private sector hit the hardest The new numbers kill the idea of a strong labor market. Over the revised period, average monthly job growth is now 76,000 less than what the government had previously said. That makes a massive difference when you’re trying to gauge the real health of the economy. And the latest numbers from June, July, and August don’t help either, with just 29,000 jobs added per month, the U.S. isn’t even hitting breakeven to keep unemployment stable. The biggest drops came in leisure and hospitality (-176,000), professional and business services (-158,000), and retail trade (-126,200). Most other sectors also went down. Transportation, warehousing, and utilities were the rare ones that showed small gains. The private sector got hit the hardest, while government jobs were adjusted down by only 31,000. Despite the huge revisions, stocks mostly shrugged. But Treasury yields, which had dropped earlier in the day, reversed and went up. Traders probably saw the revisions as another sign the Fed may pivot back to rate cuts. The BLS says Tuesday’s numbers aren’t final. This is just the preliminary benchmark revision. A more complete version will come in February 2026, and that one could still shift, up or down. But the direction so far is clear: the jobs picture has been worse than anyone thought for a long time. Last year’s revision, which covered the 12 months before March 2024, originally showed a drop of 818,000 jobs, which was revised again in February to a still-painful 598,000 fewer jobs. That was the worst since the 2009 financial crisis, but this new one just beat it. Additionally, the BLS data also shows that the latest cut is equal to 0.6% of the U.S. labor force, which has about 171 million people. That might not sound huge at first, but in a country this big, that’s hundreds of thousands of paychecks that didn’t exist. It also matters politically, because it boosts Trump’s argument that the data under Biden was flawed and misleading. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
Eric Trump crypto remarks in Seoul positioned cryptocurrencies as a structural shift in global finance, arguing digital assets are “rewriting the rules” and accelerating mainstream and institutional adoption—highlighting WLFI token
The Bitcoin, now worth $5 billion, remained untouched until 2019—when it was “suddenly moved to new addresses.”