Bitcoin Reaches $112K as Traders Anticipate Data Week; Rotation Drives SOL and DOGE Up

Crypto Markets Steady Ahead of Data Week; SOL and DOGE Outperform
10/9/2025

Cryptocurrencies largely held their ground last week, with bitcoin lagging peers and gold, as traders maintained cautious positions ahead of U.S. CPI, PPI, and central bank updates. Meanwhile, Solana (SOL) and Dogecoin (DOGE) saw notable gains amid selective rotations.

Bitcoin (BTC) traded around $111,500 on Monday, consolidating within a narrow range as investors weighed upcoming macroeconomic catalysts. Ether (ETH) hovered near $4,312, XRP at $2.96, and BNB at $880. SOL climbed to $218, while DOGE extended its 11.6% weekly gain to $0.24, supported by the imminent launch of the first-ever U.S. memecoin ETF on Thursday.

“BTC treaded water last week, lagging peers, equities, and spot gold,” said Augustine Fan, head of insights at SignalPlus. Softer buying in digital asset trusts and a slowdown in exchange activity kept sentiment cautious.

Macro developments could break the stalemate. “This week is pivotal as U.S. economic data and Fed decisions converge,” said Lukman Otunuga, senior market analyst at FXTM. Cooler CPI or payroll revisions could support Fed cuts, weaken the dollar, and lift alternative assets, while stickier inflation may increase volatility.

Investor positioning reflects this balance. “Traders are weighing bearish signals against missing upside or buying dips too early,” said Justin d’Anethan, founder of Poly Max Investment. He noted that public companies now collectively hold about 1 million BTC.

“BTC consolidating around $111K is healthy for long-term holders. Pullbacks of 10–15% in bull runs haven’t broken trends,” d’Anethan added.

Traders are closely watching CPI, PPI, the dollar, and DAT premia for signs of market shifts.