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Bitcoin (BTC) Jumps After Fed Cut, Analysts Warn $137K Needs Crucial Support

Avatar photo Sonny S. Watts 6 hours ago

Bitcoin (BTC) price rose above $117,000 on Sept. 18, likely due to increased buyer influx following the recent Fed rate cut announcement. The U.S. Federal Reserve cut its benchmark rate by 25 basis points to 4.00-4.25%, its first reduction since Dec. 2024. BTC price spiked about 1% immediately after the announcement before falling back toward […]

The post Bitcoin (BTC) Jumps After Fed Cut, Analysts Warn $137K Needs Crucial Support appeared first on CoinChapter.

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.