Overview
- The Federal Reserve lowered the funds rate to 3.75%–4.00% and Jerome Powell said a December cut is not a foregone conclusion, triggering a sell-the-news move across crypto.
- Bitcoin fell roughly 3%–4% to about $110,000–$111,000 and total crypto market value shrank by about $100 billion around the decision.
- BTC is consolidating in a $111,000–$116,000 band, with support flagged near $112,000–$112,500 and resistance around $115,600–$116,200; analysts say a break above $120,000 could open a path toward roughly $143,000.
- Derivatives data showed heavy stress, with Coinglass reporting 146,874 traders liquidated for about $555.8 million over 24 hours.
- Spot Bitcoin ETFs continued to take in money in recent sessions, supporting arguments for a higher floor near $100,000, while reports of U.S.–China détente coincided with selective altcoin moves such as a rally in Trump Coin.