Following a period of muted price action from Bitcoin, altcoins are beginning to show signs of a rally, with Dogecoin (DOGE) leading the charge. Over the past 24 hours, DOGE surged by 5.1%, while TRON (TRX) and XRP also saw more modest gains. This movement comes after a general market sell-off on Friday, which some analysts believe was an "overreaction" to new U.S. unemployment data.
The weekend surge for Dogecoin was fueled by the announcement of a proposed Dogecoin exchange-traded fund (ETF) from provider REX Shares. This news has sparked excitement, with one analyst predicting a "wild" couple of months for crypto ETFs.
Meanwhile, TRON's recent price increase is linked to a notable incident involving founder Justin Sun. Sun's wallet was blacklisted by the Trump family’s World Liberty Financial DeFi project, a move that gained significant media attention.
Bitcoin, however, has remained largely unchanged, with traders awaiting new U.S. jobs data expected on Friday. This data will be a key factor in the Federal Reserve's upcoming decision on interest rates. Analysts believe that while the short-term market outlook is uncertain due to macroeconomic conditions, the overall setup could lead to a strong finish for the year.
September 2025, Cryptoniteuae