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Bitcoin Price Surpasses $117,000 Following Fed's 25-bps Rate Cut

Bitcoin surpassed $117,000 in the last 24 hours, posting gains as global equity markets experienced sharp volatility following the Federal Reserve's latest interest rate cut.

While stocks struggled to find direction, BTC held steady, supported by renewed inflows into cryptocurrency investment products.

Bitcoin ETF Inflows Rise

The Federal Open Market Committee announced a 25-basis-point interest rate cut, theoretically a positive development for digital assets. However, traditional markets viewed this move as a signal of weakening economic conditions, and indices rose and then fell in volatile trading sessions.

Bitcoin, meanwhile, maintained its momentum, largely thanks to institutional support. ETF inflows were strong throughout the week, only weakening on September 17th, when the FOMC decision was still pending. Unfazed by macroeconomic headwinds, investors bet on Bitcoin's trajectory remaining positive despite broader financial market concerns.

On-chain signals suggest that not every participant shares the same optimism. New Address Momentum has weakened in recent days, reflecting hesitancy among retail investors. Fewer new market entries highlight concerns about potential saturation or an impending reversal.

However, long-term participants and institutional investors remain consistent in their activities, helping BTC maintain its price strength. While retail investor hesitancy may limit its growth rate, Bitcoin's resilience is underscored by its ability to decouple from equity markets when volatility increases.

BTC Price Could Continue Its Rise

Bitcoin is currently trading at $117,182, continuing its uptrend since the beginning of the month. The immediate challenge lies in turning $117,261 into support, which would provide the cryptocurrency with the foundation it needs for further gains.

If successful, Bitcoin could target $120,000, and a breakout and consolidation above this level could pave the way for further gains. This is particularly likely if ETF inflows continue to bolster investor confidence.

However, risks remain. If selling pressure intensifies, Bitcoin may struggle to hold onto key levels. A drop below $115,000 could open the door to a correction towards $112,500, invalidating the bullish thesis and cooling short-term momentum.