Odaily News QCP pointed out in its market analysis that the cryptocurrency market was relatively volatile this week. BTC retested its local high of $69,500 from July, but failed to break through, eventually giving back gains and finding support at the $65,000 level, and now appears to be forming a consolidation pattern. This week, BTC ETF net inflows reached $997.7 million, the third consecutive week of net inflows, indicating strong institutional demand. Bitcoin dominance continues to rise, reaching a high of 59.75% this week. In contrast, ETH/BTC fell below its key support level of 0.03850, falling 5.85% to a new low of 0.03625. Analysis believes that as Bitcoin approaches its historical high, the upward trend of Bitcoin dominance may continue in the short term. Reports that the US government is suspected of investigating Tether caused USDT to fall to a low of 0.9965 for a short period of time, and then recovered to above 0.9980. Tether CEO Paolo Ardoino has so far denied the claims, and it remains to be seen whether the allegations are true, as this is not the first time Tether has come under such scrutiny. In the Middle East, tensions continue to rise as Israel launched a retaliatory strike for a missile attack earlier this month. Israel's retaliatory strike and negative news related to USDT brought some selling pressure to the market on Friday, with the Dow Jones Industrial Average (DJIA) and S&P 500 falling 0.61% and 0.03% respectively. Cryptocurrencies subsequently fell, with BTC briefly falling to $65,500 before recovering above $67,000. As the week draws to a close, the focus is now on the upcoming non-farm payrolls data next Friday, which will provide further insights into the Fed's next move. Currently, the probability of a 25 basis point rate cut in November is 95.1%, and the market does not expect any surprises.