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3d ago

Bitcoin Rebounds to $114,000 as Traders Price In Near-Certain Fed Rate Cut

Softer September inflation pushed market odds of a 25-basis-point move to near certainty, putting Wednesday’s policy decision in sharp focus.

62K Bitcoin re-enters circulation: What it signals for BTC's price
613,000 BTC vanishes from Binance as $4.8B shorts squeeze looms
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Overview

  • Bitcoin traded around $112,000–$114,000 after a weekend jump that recovered roughly half of its early-October drawdown, with total crypto market value near $3.7–$3.85 trillion.
  • September CPI and core CPI both printed 3.0% year over year, and CME FedWatch showed roughly 98%–99% odds of a cut at the Oct. 29 FOMC meeting.
  • Major tokens advanced alongside Bitcoin, with Ethereum reclaiming levels near $4,000 and gains also reported in XRP, Solana, and BNB.
  • Flow signals were mixed, with reports of three days of net outflows from bitcoin ETFs alongside spot-ETF inflows, while on-chain data pointed to declining exchange reserves near 2.4 million BTC.
  • Analysts highlighted technical resistance around $112,000–$114,000 and the 100-day moving average, with the FOMC decision and U.S.–China trade signals flagged as near-term catalysts.