Bitcoin Reclaims $110K Ahead of FOMC Meeting After Bullish CPI Data: Your Weekly Crypto Recap

The occasions that befell final Friday had been fairly painful as bitcoin’s value tumbled from over $110,000 to underneath $104,500 within the span of only a day or so. However, the asset lastly discovered a strong flooring at that time and began to get well within the following days.

At first, it returned to $107,000, the place it spent most of the weekend buying and selling sideways. The bulls started a extra spectacular leg up that drove the asset to simply over $111,000. It retraced sharply on Tuesday morning however skyrocketed within the night previous $114,000 to set a weekly high. However, this sporadic rally got here to a halt virtually instantly, and the following rejection was fairly violent.

In simply hours, BTC discovered itself dumping towards $106,000, thus erasing almost $8,000. The assist at that stage held and prevented bitcoin from one other leg right down to underneath $105,000 for the second time in lower than every week.

The cryptocurrency started its gradual ascent and tapped $111,000 earlier at the moment. More volatility was expected because the day progressed as a result of extremely anticipated US CPI information for September. Once these numbers got here out, and had been decrease than anticipated, BTC shot up by a grand to $112,000, solely to be stopped once more and drive south to its place to begin.

Still, the weekly chart is sort of promising because it exhibits a wholesome 5.7% enhance. Many altcoins have posted much more spectacular features inside this timeframe, together with DOGE, SOL, LINK, HYPE, and BCH.

The whole crypto market cap has recovered $200 billion and is as much as $3.850 trillion on CG.

Market Data

Market Cap: $3.850T | 24H Vol: $160B | BTC Dominance: 57.7%

BTC: $111,350 (+5.7%) | ETH: $3,965 (+5%) | XRP: $2.48 (+8.9%)

This Week’s Crypto Headlines You Can’t Miss

Jamie Dimon’s JPMorgan Embraces Crypto: BTC and ETH to Be Used as Collateral (Report). The large information from Friday, a minimum of earlier than the US CPI numbers had been introduced, got here from JPMorgan as a Bloomberg report indicated that the banking group plans to permit its international institutional shoppers to make use of their BTC and ETH as collateral for loans.

Bitcoin’s Next Move Depends on These 3 Key Factors. The main cryptocurrency has traded largely sideways for the previous week, however there are a number of catalysts that may move it. Namely, these are the aforementioned CPI information and the following FOMC assembly subsequent week, the US authorities reopening, and the Trump-Xi assembly scheduled to happen by the top of the month.

Donald Trump Grants Pardon to Changpeng Zhao (CZ): Reports. The US President continues along with his optimistic method to the crypto trade and (some of) its contributors by granting a presidential pardon to the founder of Binance, Changpeng Zhao. The exec expressed his gratitude to Trump on social media, however there was additionally some controversy from the POTUS’s actions.

Coinbase Acquires Echo in a $375 Million Deal. The largest US-based crypto trade has made a number of large strikes in 2025, with the most recent being splashing $375 million to amass Cobie’s capital-raising platform, Echo. The deal was executed in a combination of money and inventory.

Hyperliquid Strategies Targets Massive Expansion After $1 Billion S-1 Filing. The entity behind the favored trade filed an S-1 assertion with the US Securities and Exchange Commission to lift as much as $1 billion in a public providing. It plans to make use of the proceeds for common company functions, together with increasing its HYPE token treasury holdings.

New Monday, New Bitcoin Purchase: Strategy Increases Its Holdings to 640,418 BTC. It wouldn’t be a daily post-US election Monday if Saylor’s Strategy didn’t announce its newest BTC acquisition. The firm spent $18.8 million to amass 168 bitcoins at a mean value of $112,051 per unit.

Charts

This week, we have now a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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