Bitcoin has lost some ground after an overnight surge to $64,000 and stabilized around $63,600. The cryptocurrency's market capitalization has exceeded $2.17 trillion, and its market dominance has reached 58.02%. The fear index is hovering around 50, indicating neutral investor sentiment.

The external background remains generally calm. The dollar index and S&P 500 futures are showing sideways dynamics, and Asian markets are trading in the green zone.

Key events of the week:

* October 10: US CPI inflation data and US labor market data are due out. These figures will have a significant impact on investor expectations for the Fed's future monetary policy.
* October 9: Minutes from the last FOMC meeting are released. Analyzing these minutes will help to better understand the regulator's position and its future plans.
* October 11: Consumer inflation expectations data released.

Factors influencing the crypto market:

* Dollar Index: The correlation between Bitcoin and the dollar index remains high. A stronger dollar usually puts pressure on cryptocurrencies.

* Middle East Situation: Escalation of conflict in the Middle East could cause significant volatility in the crypto market.

Short term forecast:

Bitcoin is expected to consolidate in the range of $61,700 - $64,200. In case of a breakout of support at $61,700, further price decline is possible.

Alternative assets:

The Bitcoin Dominance Index remains high, indicating a concentration of investment in the leading cryptocurrency.

Alts are not showing strong growth yet, but some meme coins (WIF, PEPE, Popcat) have shown positive dynamics over the past 24 hours.

Important news:

* Iran's Nuclear Weapons:

There are concerns that Iran already has nuclear weapons and could announce it in the near future, an event that could significantly increase geopolitical tensions and negatively impact markets.

Conclusion:

Bitcoin is awaiting important economic data and news from the Middle East. Investors are advised to remain cautious and monitor the situation.

Disclaimer: This material is for informational purposes only and is not financial advice.