Nervos Network

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.

Bitcoin’s volatility may rise after today’s FOMC, but it is unlikely to result in a new directional move, hinting at continued range-bound action for a few more days.

The Bitcoin options market reflected caution, while top traders increased their bullish positions as optimism for a Federal Reserve rate cut grew.

A significant portion of the almost $12 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 100% gains over the past year.

Bitcoin is working on its second-best September performance ever as this bull market increasingly stands out from those before it.

Bitcoin rose above $117,000 as investors braced for Jerome Powell’s post-FOMC speech that could see volatile swings toward key BTC price levels.

Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge.

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