Week of September 9 - 15, 2025

Ray Dalio has warned that the U.S. debt crisis is becoming a threat to the status of the U.S. dollar as the world’s reserve currency. This concern has been one of the drivers behind rising demand for gold and cryptocurrencies, which investors view as stores of value that help hedge against dollar depreciation. He recommends that investors gradually allocate part of their portfolios into such assets.

The website BitcoinTreasuries.NET revealed that public companies worldwide collectively hold over 1,000,698 BTC worth more than USD 111 billion, representing 5.1% of total supply. The trend is led by Michael Saylor’s company, MicroStrategy. The data also shows that only 5.2% of the total supply remains outside circulation, which could potentially lead to a supply shock.

The U.S. Senate has introduced a draft of the Responsible Financial Innovation Act of 2025, which includes the establishment of a Joint Advisory Committee on Digital Assets between the SEC and CFTC to improve cooperation. The bill also covers protections for DeFi project developers, clear guidelines for airdrops, and rules regarding tokenization.

The U.S. Nasdaq Stock Exchange has tightened oversight of public companies raising funds to purchase cryptocurrencies following the rising trend. The new rules require shareholder approval for crypto acquisitions and mandate greater disclosure. Companies that fail to comply risk suspension or even delisting.

CryptoQuant reported that Ethereum (ETH) reserves on centralized exchanges have dropped to a three-year low of about 17.4 million ETH, down from a peak of 28.8 million ETH in September 2022. The decline is believed to be driven by strong demand from ETFs.

The Ethereum Foundation is preparing to sell 10,000 ETH, worth approximately USD 43 million, to fund research and development as well as donations to projects within the Ethereum ecosystem. The sale will be executed in multiple smaller orders through centralized exchanges to minimize market impact.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) is moving sideways with support at USD 107,000. If it can hold above this level, the trend has the potential to reverse upward with a target of retesting the previous high at USD 124,000. However, if it breaks below this support, it may decline to test the USD 100,000 level.

• Support: 3,500,000 THB / 107,000 USD
• Resistance: 4,000,000 THB / 124,000 USD

Ethereum (ETH)

Ethereum (ETH) is trending in a sideways-down direction and is approaching support at USD 4,050. If this level holds, the trend has the potential to rebound with a target of retesting the previous high at USD 4,900. The outlook suggests ETH may continue moving sideways to consolidate for a while longer.

• Support: 132,000 THB / 4,050 USD
• Resistance: 160,000 THB / 4,900 USD
  

Zentry (ZENT)

Zentry (ZENT) delivered a 50.68% gain over the past week, with the uptrend expected to continue. Look for buying opportunities on pullbacks, with the first support at USD 0.0115. If the price holds at this level, consider holding for profit-taking at the resistance of USD 0.0165. However, if the support breaks, it is advisable to delay investment.

• Support: 0.32 THB / 0.0115 USD
• Resistance: 0.50 THB / 0.0165 USD

EigenLayer (EIGEN)

EigenLayer (EIGEN) posted a 20.77% gain over the past week, with the broader trend showing signs of recovery toward an uptrend. Look for buying opportunities at the support level of USD 1.11 and consider profit-taking at the resistance of USD 1.70. If the price breaks above this resistance, the uptrend has the potential to continue further.

• Support: 36 THB / 1.11 USD
• Resistance: 54 THB / 1.70 USD

Investment Trends

The Non-Farm Payroll (NFP) report came in significantly lower than expected, raising market expectations that the Federal Open Market Committee (FOMC) will cut interest rates three times this year. This has led to a sharp weakening of the U.S. dollar, providing a boost for digital assets such as Bitcoin and gold.

Attention now turns to the Consumer Price Index (CPI) release on Thursday, August 11, 2025. The market expects 2.9%, up from 2.7% the previous month. However, if the figure comes in lower than expected, it would be positive for the cryptocurrency market, as slower inflation would reinforce confidence that the FOMC will deliver three rate cuts this year and could signal this in next week’s meeting.

Altcoins in the DeFi, RWA, stablecoin, and Layer 1 categories have delivered strong returns of 38–45% since the start of the year. Meanwhile, Layer 1, GameFi, and AI tokens have posted the lowest returns, remaining in negative territory. This suggests that the market is placing greater weight on tokens benefiting from the GENIUS Act.

Investment strategy: Focus on tokens aligned with current market trends, while downside risk for Bitcoin (BTC) and Ethereum (ETH) remains limited. Although there have been outflows from ETFs, they are not at concerning levels. The key factor will be upcoming economic data releases this month, which should be closely monitored.

References

• https://www.theblock.co/post/369266/ray-dalio-crypto 
• https://cointelegraph.com/news/public-companies-hit-combined-1-million-bitcoin 
• https://www.theblock.co/post/369716/senate-market-structure-bill-draft-proposes-sec-cftc-joint-committee-to-end-crypto-turf-wars 
• https://www.theblock.co/post/369497/nasdaq-tightens-scrutiny-of-companies-raising-cash-to-buy-crypto-report 
• https://cointelegraph.com/news/ether-exchange-reserves-fall-3-year-low-etfs-corporate-treasuries
• https://cointelegraph.com/news/ethereum-foundation-sale-research-grants-donations

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.

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