Bitcoin Price Targets $113K as FOMC Meeting and Bearish September Loom: Your Weekly Recap

Although the week went reasonably sluggishly by way of worth actions, there have been some large information tales that went out, and the upcoming FOMC assembly may form the subsequent few months.

But first, let’s recap a number of the worth highlights. Bitcoin skilled some enhanced volatility final Friday when it jumped to $111,500 solely to fall laborious to $107,500 inside hours. The next few days weren’t any higher, as BTC saved digging new local lows at simply over $107,000.

It wasn’t till Tuesday night that the bulls lastly managed to step up and halt the freefalls. BTC spiked from below $110,000 to over $111,000 and remained there for round 24 hours earlier than the bears pushed it south to $109,500 yesterday.

Nevertheless, the consumers resumed management since that each day low and drove the cryptocurrency north once more. Just just a few hours in the past, bitcoin jumped to a weekly high of $113,350 earlier than its progress ran right into a wall. As of press time, the most important digital asset stays inches under $113,000.

More volatility is anticipated within the following weeks, particularly because the mid-September FOMC assembly, during which the Federal Reserve is anticipated to lastly lower the rates of interest. For now, although, BTC stays barely within the inexperienced weekly, whereas many analysts proceed to speculate whether or not September 2025 will proceed a protracted detrimental custom of worth losses or will this one be totally different.

In phrases of notable weekly worth performances, BCH and POL stand with double-digit good points, whereas CRO has dropped by 11% after the spectacular rally final week.

Market Data

Market Cap: $3.97T | 24H Vol: $136B | BTC Dominance: 56.5%

BTC: $112,650 (+2.2%) | ETH: $4,430 (+1.9%) | XRP: $2.86 (-0.6%)

This Week’s Crypto Headlines You Can’t Miss

Strategy Spends $450 Million to Acquire Additional 4,048 BTC. The week started on a well-known be aware as Strategy, and Metaplanet earlier than that, introduced their newest BTC acquisitions. The Saylor-led firm spent $450 million to extend its stash with 4,048 BTC, whereas the Asian agency took its holdings to twenty,000 BTC after buying 1,009 models.

Is Bitcoin About to Shock Everyone? Divergence With Equities May Fuel Next Bullish Run. While BTC has remained in a downtrend for a number of weeks, US equities as effectively as gold have charted some good points. This divergence, although, may end up in some worth good points for the most important cryptocurrency.

Bitcoin Bull Market Ending in 50 Days, Says Analyst. With a number of new all-time highs below its belt already this 12 months, analysts have began to foretell when the continued bull cycle will finish. Basing his principle on historic performances, CryptoBirb said we’ve got about 50 days left (even fewer now).

Tom Lee’s Bitmine Buys More ETH After Fundstrat Predicts 54x Gain. Bitmine Immersion Technologies continues to accumulate massive parts of the second-largest cryptocurrency, shopping for one other 14,665 ETH this week. Additionally, Tom Lee agreed with a prediction that Ethereum may chart a mind-blowing 54x surge from present ranges.

Eric Trump Signals Ambitions to Win The Bitcoin Race After ABTC Debut. American Bitcoin, a BTC accumulation platform owned by the Trump household, debuted on the Nasdaq this week below the ticker ABTC. Eric Trump was fast to reward the transfer and said his household desires to win the Bitcoin race.

SEC and CFTC Unite: Green Light for Crypto on the World’s Biggest Venues. In a optimistic growth on the regulation entrance, the 2 largest US monetary regulators issued a joint statement earlier this week indicating that registered exchanges aren’t prohibited from facilitating the buying and selling of sure spot commodity merchandise.

Charts

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

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