Bitcoin struggled to hold the $115,000 level even after a Federal Reserve policy pivot brought about a long-awaited 25-basis point interest rate cut.
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.
Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge.
Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity.
Bitcoin eyes a 35% breakout as analysts point to a bullish RSI signal and the upcoming FOMC interest rate decision.
Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level.
Bitcoin price action swirls around $115,000 as gold sets new record highs, but markets are getting cautious going into Wednesday’s FOMC meeting.
Crypto braces for a Fed rate cut as Washington tussles over central-bank independence; traders bet easier policy lifts risk appetite for BTC, ETH, SOL.
Shares in GD Culture fell 28% after the livestreaming company made a deal to swap tens of millions of its shares to acquire 7,500 Bitcoin from Pallas Capital.
Bitwise’s Matt Hougan says a more straightforward SEC listing process could lead to more crypto ETFs, but that doesn’t mean they’ll all attract money.