Crypto Markets Today: Bitcoin Slips to $121.5K as Dollar Strengthens; Binance Unveils ‘Meme Rush’

On October 9, 2025, Bitcoin fell to $121,500 amid a strengthening U.S. dollar and softer global equities. This decline coincided with Binance's launch of its new Meme Rush platform, which focuses on the growing interest in Chinese-language memecoins. Major cryptos like AVAX and ASTER saw a decrease in futures open interest, indicating profit-taking among traders. Jamie Dimon of JP Morgan has hinted at a possible stock market correction in the near future. Meanwhile, experts suggest a shift in global liquidity dynamics as central banks move towards easing. Timothy Misir from BRN pointed out that this macro backdrop typically supports risk assets like Bitcoin. Furthermore, Binance's Meme Rush platform aims to harness the memecoin trading frenzy by featuring early-stage token listings and incentivizing user participation through rewards. This comes as decentralized exchanges witness significant trading volumes. Overall, institutional interest in Bitcoin ETFs is rising, with projections suggesting Q4 inflows could surpass previous records, catalyzed by Bitcoin's recent price surge above $125,000.

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