Overview

• Bitcoin briefly touched about $118,000 after the Federal Reserve’s first 2025 rate cut before retracing to roughly $115,700 with a daily decline near 1%.
• The 14‑day simple moving average of Bitcoin transaction count climbed to roughly 540,000, a 2025 high cited by CryptoOnchain, with Ordinals and Runes mentioned as possible contributors.
• On-chain activity has cooled since the post‑decision spike as price consolidates, with trading volume around $35.8 billion, a market cap near $2.3 trillion, and dominance close to 57.1%.
• Analyst KillaXBT highlights the weekly open at $115,219 as a key pivot, warning that a breakdown could target a daily fair value gap down to $113,355, with $114,367 as interim support.
• KillaXBT adds that holding above these levels could set up a push back toward $118,000 and the $124,000 all‑time high, whereas a failure below $113,355 may expose $112,000 to $108,000.