Bitcoin Updates: Will Bitcoin Maintain $112K? Experts Watch for $120K Surge Before Fed Decision
- Bitcoin dips below $112,000 but analysts view it as key support ahead of Fed's policy decision, with potential rebound to $120,000. - U.S.-China trade progress and institutional demand boost crypto markets to $3.83 trillion, with Ethereum reclaiming $4,000. - Solana's ETF approval and Visa's stablecoin expansion highlight growing institutional confidence in crypto assets. - Market remains cautious as Bitcoin's open interest declines, but 60% of Binance traders expect upward movement post-FOMC.
Bitcoin’s recent slip below $112,000 has fueled optimism among market observers, who view this level as a crucial support point ahead of the Federal Reserve’s forthcoming policy announcement. The cryptocurrency sector, buoyed by a trade agreement framework between the U.S. and China and increasing institutional interest, has seen
Bitcoin’s price movement has captured the attention of traders, who are watching for a possible breakout. Experts believe that a recovery above $120,000 could pave the way for a rally toward $143,000, based on on-chain metrics and pricing models,
Ethereum (ETH) has also gained momentum, climbing back above $4,000 amid increased speculation regarding U.S.-China trade discussions. Short-term traders have committed $650 million in leveraged positions near $4,100, and institutional players continue to accumulate ETH. Treasury entities now possess 3.2 million ETH, surpassing corporate Bitcoin holdings, which highlights the rising interest in Ethereum’s yield-generating capabilities following its Proof-of-Stake upgrade, according to
The wider market has shown mixed trends. While Bitcoin’s dominance remains at 57.7%, alternative coins such as
Market watchers are also monitoring regulatory shifts. The launch of the first U.S. spot Solana ETF (BSOL) attracted $69.5 million in inflows on its first day, reflecting growing institutional trust in digital assets, TradingView reported. At the same time, Visa’s expansion of stablecoin support across four blockchains highlights the increasing integration of crypto assets into mainstream finance.
With the Fed’s policy decision approaching, traders are staying vigilant. Bitcoin’s open interest has dropped by 2.10%, but more than 60% of Binance users still expect prices to rise,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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