Bitcoin (BTC) is down nearly 1% as markets gear up for the Federal Reserve’s decision on interest rate cuts. Federal Reserve Chair Jerome Powell is expected to cut interest rates by 25 bps after concerning labor market data. Some market watchers believe Powell could cut interest rates by 50 bps.
Bitcoin (BTC) is holding on to the $115,000 price level despite volatility and a slight correction as the crucial Federal Open Market Committee (FOMC) meeting gets underway.
Bitcoin (BTC) lost momentum after reaching an intraday high of $116,802 during the ongoing session, with the price down 0.35% and trading around $114,800.
Bitcoin (BTC) Briefly crossed the $116,000 mark over the weekend, managing to hold above $115,000. Sentiment around the flagship cryptocurrency has turned positive in recent sessions, with expectations of a rate cut by the Federal Reserve growing.
Bitcoin (BTC) is consolidating above the $116,000 level as treasury firms turn their attention towards altcoins. Bitcoin treasury companies have seen a sharp decline in share prices as the initial euphoria subsides.
Bitcoin (BTC) registered a modest recovery over Wednesday and Thursday to cross the $115,000 level and settle at $115,540. However, it faces major overhead resistance above $116,000 but holds several key support levels below.
Bitcoin (BTC) surged past the $113,000 level on Wednesday, following the release of the August Producer Price Index (PPI) data. PPI data reinforced market expectations of a rate cut, boosting risk assets like BTC.
Bitcoin (BTC) is up almost 1% during the ongoing session and nearing the key $113,000 resistance level. Traders expect the flagship cryptocurrency to face volatility following the release of the US Consumer Price Index (CPI) and Producer Price Index (PPI) data.
Bitcoin (BTC) has continued to recover, rising for a third consecutive day as the flagship cryptocurrency briefly crossed the $113,000 mark. The flagship cryptocurrency is up nearly 1%, trading around $112,768, with buyers looking to cross the $114,000 mark.
Bitcoin (BTC) has started the week in positive territory, up nearly 1%, trading around $112,000. Despite the recovery, the flagship cryptocurrency risks a deeper drop if it fails to clear the resistance around the $114,000-$115,000 zone.
