Bitcoin prices returned above $20,000 during today's session as the weakening dollar triggered some risk-on moods. King of cryptocurrencies surged over 7% on Friday and is on track to add over 6% on a weekly basis. The total crypto market capitalization also managed to return above the $1 trillion mark.
Today's upward move was caused mainly by easing Treasury yields and dollar weakness, which pulled back from a 20-year peak hit earlier in the week as markets assessed Federal Reserve Chair Jerome Powell’s latest comments about inflation.
Other major cryptocurrencies followed Bitcoin's footsteps. Ethereum jumped nearly 5.0% and is trading above $1,700, while a slew of other smaller altcoins also rose. Solana rallied 6.0%, while Cardano and Polkadot added 4.0% and 4.5% respectively.
BITCOIN price rose sharply and broke above major resistance at $20,500, which is marked with previous price reactions and upper limit of the recent consolidation zone. If current sentiment prevails, upward move may accelerate towards next resistance at $21,850. Source: xStation5
Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000
Daily Summary: Gold and Indices lower, Dollar bounces back💲
Chart of the day - ETHEREUM (09.10.2025)
Gold surges 1.5% amid political uncertainty and Fed rate cuts bets 📈
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
