September has arrived with turbulence across global markets, and crypto is no exception. Bitcoin is under pressure, Ethereum is losing momentum, and Dogecoin is about to make history with its first US ETF.
Macroeconomic shifts, including record US job revisions and looming interest rate cuts, are reshaping investor sentiment, while institutional flows are signaling where the “big money” is heading next. Let’s break down this week’s most important stories for crypto beginners.
September Pressure: Macro Signals, BTC at Risk, and Gold Rising
The crypto market entered September under heavy pressure. After peaking above 106.000 € ($124,000) in August, Bitcoin (BTC) slid more than 15% to 92.700 € ($108,600) before rebounding toward 96.500 € ($113,000). Traders are now watching the 94.000–95.000 € ($110,000–$112,000) zone closely, with 85.000 € ($100,000) standing as the critical line that many say could decide whether this bull run continues or ends. Some bearish forecasts even warn of dips below $90,000 if momentum weakens further.
At the same time, macroeconomic signals are shifting. A historic US payroll revision revealed that 911,000 jobs were overstated since March — the largest correction in history and a clear sign of labor market weakness. August’s new job data added just 22,000 positions versus expectations of 75,000, deepening concerns about the health of the economy.
This weakness has changed the outlook for interest rates. Major banks now forecast multiple cuts in 2025:
- Bank of America projects two cuts, in September and December.
- Goldman Sachs sees three consecutive cuts through September, October, and November.
- Citigroup expects a total of 75 basis points of cuts spread over the final months of the year.
For crypto, this is a double-edged sword. On one hand, weak job growth is a sign of economic fragility. On the other, rate cuts have historically acted as a powerful tailwind, adding liquidity and fueling risk assets like Bitcoin and Ethereum.
Meanwhile, gold has already broken out, gaining 40% this year and vastly outperforming traditional markets. Many analysts believe Bitcoin could be next. Liquidity expansion, combined with crypto’s role as a hedge against monetary debasement, has some projecting a potential recovery toward 142.000–158.000 € ($167,000–$185,000) in Q4 or early 2026.
In simple terms: September is starting with volatility, uncertainty, and macro stress. But history — and the current rate-cut narrative — suggests this turbulence could be the final shakeout before the next major leg higher.
👉 Beginner takeaway: Markets often look weakest before they turn. Watch the 85.000 € ($100,000) support level for Bitcoin, and remember that interest rate cuts tend to be bullish for crypto in the long run.
Ethereum vs. Bitcoin: Flows Shift Back
After weeks of optimism around Ethereum (ETH), market dynamics are showing a change. Ethereum struggled to hold above 3.800 € ($4,500), with outflows from spot ETH ETFs topping $1 billion in just six trading days. At the same time, Ethereum’s network revenue dropped 44% in August, highlighting slowing activity despite ETH reaching record highs.
Meanwhile, institutions appear to be “re-rotating” back into Bitcoin. Data from Bitwise shows that while ETH ETPs saw over $900 million in net outflows, Bitcoin products attracted $444 million in inflows during the same period. U.S. spot Bitcoin ETFs also ended last week positive with around $250 million in new capital.
The shift suggests that, for now, large investors see Bitcoin as the safer bet, especially in a risk-off environment where smaller altcoins are underperforming. Ethereum still holds long-term potential, but in the short term, BTC seems to be regaining its dominance in institutional flows.
👉 Beginner takeaway: Big money is moving back toward Bitcoin, showing its role as the market’s foundation. Ethereum remains important, but near-term headwinds like ETF outflows and weaker network activity mean it’s currently facing more pressure than BTC.
Dogecoin ETF Approval: A Memecoin Goes Mainstream
This week marks a historic moment for Dogecoin: the first-ever US spot DOGE ETF is launching. The Rex-Osprey DOGE ETF (ticker $DOJE) begins trading on Thursday, bringing institutional access to Dogecoin for the very first time. Some analysts say this could push DOGE beyond 0,43 € ($0.50) in the short term and even test 0,85 € ($1) if momentum builds.
Excitement is already visible. DOGE rallied nearly 20% in early September. Technical charts suggest bullish setups too — with long-term patterns pointing to targets as high as 1,20 € ($1.40).
Beyond price, the approval highlights a shift: memecoins are no longer just internet jokes. By entering the regulated ETF market, Dogecoin shows it can attract serious institutional attention — even if much of it is speculative. This also fits into a broader wave of crypto ETFs, with nearly 100 applications pending across assets like Solana, XRP, and Ethereum.
👉 Beginner takeaway: Dogecoin’s ETF debut is less about utility and more about recognition. It shows that even playful assets can draw Wall Street interest. Prices may swing wildly, but the launch proves crypto is moving further into the mainstream.
Markets are tense, but history shows that stress often comes before opportunity. Whether it’s Bitcoin defending 85.000 € ($100,000), Ethereum battling short-term headwinds, or Dogecoin stepping into the ETF spotlight, September is shaping up to be a decisive month.
For beginners, the key is to stay focused on the bigger picture: rate cuts, liquidity expansion, and institutional adoption continue to set the stage for crypto’s long-term growth.
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.
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