Suche
Bitcoin over $117,000: interest rate cut brings new momentum!
Bitcoin hits over $117,000 after Fed rate cut. Analysis shows bullish trends and increasing trading volume.
Bitcoin over $117,000: interest rate cut brings new momentum!
On October 11, 2025, Bitcoin price surpassed $117,000 and is currently trading at $117,476, up 0.9% in the last 24 hours. This positive trend is accompanied by a jump in trading volume of almost 50%, which now stands at $60.9 billion. Market reactions are heavily influenced by a recent interest rate cut by the Federal Reserve.
The Federal Reserve cut interest rates by 25 basis points to a range of 4.00% to 4.25%, marking the first reduction since December 2024. This decision was triggered by a rise in unemployment, which rose to 4.3% in August - the highest level since 2021. Fed Chairman Jerome Powell noted that employment concerns now outweigh inflation risks, although inflation remains above target with a headline CPI of 2.9% and a core CPI of 3.1%.
Market reactions and analysis
Not only has the Bitcoin market recovered following the Fed's interest rate hike, but Bitcoin futures trading volumes also increased by a remarkable 65.9% to $119.8 billion, while open interest increased by 1.6% to $85.7 billion. These developments suggest that traders are taking new leveraged positions.
The Federal Open Market Committee voted 11-1 in favor of the rate cut on September 17. The drop in interest rates has weakened the US dollar and had a positive impact on the stock and crypto markets. Technical analysis shows Bitcoin trading within the upper half of its Bollinger Bands, with resistance at around $118,700 and support at around $112,900.
Trend indicators and outlook
The Relative Strength Index (RSI) is at 62, indicating a neutral but approaching overbought market situation. The 10-day and 20-day moving averages are below the current price, indicating a bullish short-term trend. The MACD is showing a buy signal, but caution is advised as momentum indicators are near overbought levels.
A rise above $118,700 could lead to a test of the mid-August high of $124,128. However, if Bitcoin is unable to hold the $115,000 mark, the next support level would be the 100-day SMA at around $111,600.
These developments highlight how Federal Reserve policies and macroeconomic conditions have a direct impact on the Bitcoin market and investors' trading activities.