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Crypto Rally Builds Ahead of Fed Decision as ETF Inflows Lift Bitcoin Above $116,000

Expectations for a 25‑basis‑point cut are coinciding with renewed demand for spot crypto ETFs.

Overview

  • Bitcoin advanced past roughly $116,000–$117,000 as spot funds logged fresh subscriptions, including about $260 million into U.S. Bitcoin ETFs on Monday.
  • Ethereum held near $4,500 with signs of tightening supply, as exchange balances fall, staking inflows rise, and U.S. spot ETH ETFs took in roughly $360 million in a day.
  • XRP traded just under $3 while markets anticipated the first U.S. spot XRP ETF on Sept. 18, with technicians eyeing a break above about $3.18 for momentum.
  • Dogecoin hovered around $0.27 with derivatives positioning elevated ahead of a Rex‑Osprey Dogecoin ETF expected later this week, and futures open interest near $6 billion.
  • Traders are focused on today’s FOMC outcome, where a widely expected quarter‑point cut could jolt risk appetite, with Bitcoin’s key levels clustered near $117,000 resistance and $115,000 support.