The effects of the US Fed rate cuts have permeated the cryptocurrency markets, with Bitcoin, the leading digital asset, starting to stabilize around its recent advancements. It seems that sellers have begun to realize gains, with the Bitcoin price falling beneath the important support level of $117,138. Following several weeks of significant increases, experts indicate that the cryptocurrency market is undergoing a typical slowdown, influenced by profit-taking activities and a reduction in derivatives positions. On the institutional front, the introduction of spot XRP and Dogecoin ETFs, which saw $55 million in trading on their first day, indicates an increasing appetite for regulated cryptocurrency offerings.
Bitcoin has experienced an approximate 8 percent increase this month, marking one of its strongest Septembers in recent years, as the price approaches $117,000. Recently, Bitcoin was observed at a price of $117,016.50, reflecting a decrease of 0.41 percent in the last 24 hours. The asset experienced fluctuations between $116,695.89 and $117,911.79 throughout the session. The daily trading volume experienced a significant increase, reaching $42.47 billion, while the market capitalization held firm at $2.33 trillion, further solidifying Bitcoin’s position as the leading digital asset globally. The recent strength of Bitcoin has been primarily driven by retail investors, while larger whales have largely stayed on the sidelines. This has contributed to a steady environment, although shifts may occur if major participants decide to come back into the scene. “Traders are keeping a close eye on crucial technical levels — Bitcoin’s support at $117,000 and resistance around $118,000,” stated Sehgal.
Technical indicators reveal that resistance is emerging around the $117,000 mark, with the next significant resistance potentially located close to $120,000. Support remains intact within the range of $110,000 to $112,000. “Should Bitcoin surpass resistance accompanied by significant volume, there may be potential for additional gains; however, a failure to do so could result in a retreat toward support levels.” Recently, Bitcoin spot ETFs have seen significant inflows, totaling about $2.3 billion over the past week, with around $260–292 million coming in on just one day. At this time, Ethereum whales are maintaining considerable unrealized gains, whereas staking activity has diminished following the record deposits seen in August. At the most recent update, the price of ETH stood at $4,549.83, reflecting a decline of 1.44 percent, with intraday variations ranging from $4,536.61 to $4,636.98. The trading volume stood at $32.33 billion. Ethereum is currently around 8 per cent lower than its recent high of $4,953, which was achieved on August 25, 2025.
Ethereum is working to break through the $4,640–$4,765 range in order to enter a new phase of price discovery, all while the Fed maintains a dovish stance and with Friday’s options expiry approaching. Altcoins show varied performance: ASTER takes the lead while meme tokens experience a decline. Astar emerged as the leading performer among altcoins, experiencing a remarkable surge of 58 percent. Immutable, NEAR Protocol, Avalanche, Bitget Token, Polkadot, Curve DAO Token, Pudgy Penguins, Mantle, Sei, VeChain, Chainlink, and Pyth Network were among the gainers, experiencing increases of up to 18 percent. On the other hand, MYX Finance, MemeCore, Pump.fun, SPX6900, Bitcoin Cash, Worldcoin, Pepe, Ethena, Aerodrome Finance, Virtuals Protocol, Hyperliquid, Raydium, Uniswap, and OFFICIAL TRUMP experienced significant declines, dropping as much as 16 percent.