Price Analysis View Non-AMP

Bitcoin Price Rebounds Above $113.5k as Traders Bets on More Fed Rate Cuts In 2025

Published by
Steve Muchoki

Bitcoin (BTC) price has rallied above $114k for the first time in more than two weeks on Wednesday, September 10. The flagship coin surged above a key midterm resistance level around $113.5k during the mid-New York session, after three failed attempts in the past two weeks.

The wider altcoin industry followed in tandem, led by Binance Coin (BNB) and Solana (SOL), thus pushing the total crypto market cap above $4 trillion again. 

Bitcoin Price Edges Higher on Rising Odds of Fed Rate Cuts

Bitcoin and the wider crypto market rallied on Wednesday following the release of August PPI inflation, which fell to 2.6% below the expectations of 3.3%. Additionally, the Core PPI dropped to 2.8%, below the market expectations of 3.5%, thus increasing the odds of Fed rate cut next week.

According to market data from Kalshi, the chances of a 25 bps Fed rate cut is at 80% while the odds of a rate cut higher than 25bps is at 18%. Meanwhile, Kalshi traders project the chance of 3 rate cuts at 44%, higher than 2 rate cuts at 39%, which overtook it for the first time since April.

Wells Fargo on Fed Rate Cuts

Wells Fargo analysts expect the Federal Reserve to deliver five 25 bps rate cuts through mid 2026. The bank projects that the Fed will lower its benchmark interest rates to 3.5% and 3.75% by the end of this year. 

Meanwhile, President Donald Trump urged Fed Chair Jerome Powell to lower rates in a big way during the next meeting. Moreover, the weakening labor market amid low inflation are great conditions for the Fed to lower its interest rates to boost the economy.

What’s Next for Crypto?

The crypto market is expected to record bullish sentiment if the Fed initiates rate cut next week. The demand for risky assets is expected to surge in tandem with the growing global money supply during the fourth quarter.

Furthermore, Gold price recently broke out of its consolidation and has since rallied to a new all-time high of above $3,670 per ounce. Bitcoin price is well positioned to rally towards a new ATH if it consistently closes above the resistance level around $120k.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

India’s WazirX Exchange to Restart Trading on October 24 After $230 Million Hack

WazirX, once India’s largest cryptocurrency exchange by volume, is preparing to reopen on October 24,…

October 23, 2025

Berachain Launches Faster Transactions System

Berachain has proposed a new Preconfirmation System aimed at enhancing transaction confirmation speeds by over…

October 23, 2025

WazirX Trading Resumes Tomorrow with 0 Fees

WazirX is set to resume trading on October 24, marking the final step in its…

October 23, 2025

T. Rowe Price Enters the Crypto ETF Race

T. Rowe Price, the 87-year-old investment giant managing about $1.8 trillion in assets, has filed…

October 23, 2025

Hyperliquid Price Surges Past 200-Day SMA, Traders Target $41.76 Resistance?

As someone closely watching the crypto space, it’s hard not to get excited about Hyperliquid’s…

October 23, 2025

Ethereum Is Not ‘Dead,’ Tom Lee Predicts $10,000 ETH by Year-End

Tom Lee, co-founder of Fundstrat and president of Bitmine, remains bullish on Ethereum despite the…

October 23, 2025