Traders are shifting expectations, with futures markets pricing a nearly 40% chance of another cut by March despite the Fed’s cautious tone.
Vanguard lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%–4%.
Still, analysts predict upside from Fed's December rate cut decision, with the odds of a 25 basis point cut having increased recently.
Market structure remains fragile, and bitcoin is expected to consolidate within a tight range of $85,000 to $90,000, analysts said.
Bitcoin sits roughly 5% below its 2025 open, and analysts say market positioning points to further downside.
One analyst noted $80,000 as a critical threshold, where a break below could lead to lows of around $74,000 seen in February.
Market experts forecasted a liquidity expansion as the US government resumes normal operations, which is expected to improve prices.
Hopes for a December interest rate cut have dwindled due to growing internal conflict among Federal Reserve officials over the decision.
Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside.
Galaxy Digital says bitcoin’s “maturity era” has slowed upside momentum as whales offload and ETFs absorb supply.
Nasdaq-listed Sequans sold 970 bitcoins, cutting its bitcoin reserves to 2,264 BTC and halving its debt load.
As prices recovered on positive macro signals, nearly $350 million worth of short positions were liquidated in the past day.
One analyst said the key resistance level stands at $111,000, where a break above could drive prices even higher.
Metaplanet bought 5,268 BTC for around $623 million, pushing its total holdings to 30,823 BTC.
One analyst said bitcoin's key support level sits at $100,000 and a breach would trigger a broader liquidity crunch.
Analysts say the market has moved from capital rotation to a risk-off mode under continued macro uncertainty.
Analysts attributed the decline to significant whale movements switching out bitcoin for ether, and to market recalibration among traders.
One analyst said a hawkish tone from Powell may turn markets into a risk-off mode, potentially to a 30% drop in bitcoin price.
Bitcoin and ether both fell on Tuesday as a result of profit-taking and repositioning ahead of Fed Chair Powell's Jackson Hole speech.
Spot ETF flows and corporate crypto treasuries remain key drivers of the current market cycle, analysts said.
Bitcoin, ether and other altcoins rose Sunday as traders returned to the market following a dip driven by macro uncertainty.
Bitcoin's all-time high monthly close despite notable whale movements in July shows its resilience, one analyst told The Block.
Bitcoin and ether both benefit from the growing trend of firms incorporating the cryptocurrencies into their treasuries, analysts said.
One crypto analyst said the next technical resistance lies near $4.5 trillion, with potential downside risks in macroeconomic conditions.
The Satoshi-era whale's 80,000 BTC surged over 15.4 million percent since April 2011, from $62,400 to $9.6 billion.
The transfer of BTC to Galaxy Digital may be a strategic move to capitalize on bitcoin's recent surge to unprecedented highs.
Bhutan was previously seen moving around its bitcoin at times of market rally, possibly selling off the cryptocurrency for profit.
Bitcoin's rally is boosted by institutional inflows, legislative momentum in the U.S. and heightened macro liquidity, one analyst said.
Bitcoin broke above $120,000 late night Sunday, fueled by institutional demand and approaching crypto legislative discussions in the US.
The $50 billion mark in cumulative net inflows is a defining moment for bitcoin's institutionalization, one analyst commented.