September was a month of sharp swings for Kaspa, moving between ETF-driven selloffs and roadmap-fueled rebounds. The coin traded between $0.075 and $0.092, with big moves tied to macro catalysts like the Fed’s 25 bps rate cut and liquidation cascades that hit BTC and ETH. Mid-month, Kaspa spiked on optimism, peaking near $0.0919, only to fall back after leveraged wipeouts. The spotlight moment came on Sept 26 with Kasplex’s smart contract release, which briefly lifted sentiment but quickly faced profit-taking. On-chain, hodler conviction held steady, but late-month exchange inflows suggested distribution. Entering October, Kaspa sits at a crossroads: will Fed easing and roadmap milestones fuel a breakout, or will ETF outflows and macro stress cap momentum? Stay tuned as we track whether conviction or caution drives the next leg.

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