Bitcoin holds above $112K as Fed cut bets rise; MeMecore jumps 15%

Bitcoin kept climbing after bouncing cleanly off the $110,000 support level, sparking a short-lived rally that nudged it toward the next big test at $112k. Traders seemed cautiously upbeat, feeding off rising expectations that the US Federal Reserve might finally trim interest rates this ￰0￱ wasn’t just Bitcoin stretching its ￰1￱ wider crypto market shook off the jitters too, gaining over 1.5% and edging within arm’s reach of the $4 trillion mark. Sentiment, while not exactly brimming with euphoria, was clearly in better shape than the day ￰2￱ Fear & Greed Index crept back to 55, settling into the lower end of the ‘Greed’ ￰3￱ had a slower ￰4￱ action remained muted through most of the session, with little ￰5￱ by late Asian trading hours, a quiet shift was underway, most tokens had flipped into the green, clawing back gains as bulls tried to capture the $112k ￰6￱ is Bitcoin price going up?

Bitcoin is finding its footing again, rising not just on technical strength but also on the back of growing belief that the US central bank is finally ready to ￰7￱ of Tuesday, traders are pricing in more than a 90% chance that the Federal Reserve will lower interest rates by 25 basis points at the conclusion of its two-day policy meeting on September ￰8￱ looming cut has stirred a mild risk-on mood across financial markets, nudging investors back into Bitcoin and other higher-risk ￰9￱ has sparked a mild risk-on shift across markets, giving Bitcoin just enough lift to break out of its recent ￰10￱ borrowing costs generally boost demand for risk assets, and Bitcoin, as always, is among the first to ￰11￱ aren’t just betting on one cut, they’re expecting at least two rate reductions by the end of ￰12￱ kind of dovish outlook tends to favor speculative assets like BTC, especially in an environment where traditional yields might soon be heading ￰13￱ are now turning to a packed calendar of US economic reports this week, with Wednesday’s JOLTS Job Openings leading the ￰14￱ will be followed closely by the ADP private payroll data and ISM’s Services PMI on ￰15￱ releases will culminate in Friday’s Nonfarm Payrolls report, a key barometer for labor market ￰16￱ the numbers come in weak, it could cement the Fed’s rate-cut ￰17￱ possibility alone is keeping markets ￰18￱ are hungry for confirmation, but they’ve already started ￰19￱ Bitcoin ETFs saw a significant resurgence on Tuesday, with net inflows hitting $332.7 million, the highest in two weeks, according to ￰20￱ the technical front, Bitcoin has broken above a stubborn two-week ￰21￱ Rekt Capital flagged the move earlier Tuesday, noting that price was pushing through multiple levels of ￰22￱ to Rekt’s analysis, a daily close above that line, or even a successful retest, would confirm the breakout and likely energize bulls ￰23￱ Capital @rektcapital · Follow #BTC is attempting to break its two-week old Daily DowntrendDaily Close above the Downtrend and/or post-breakout retest would confirm the breakout $BTC #crypto #Bitcoin 8:26 PM · Sep 2, 2025 1.4K Reply Copy link Read 84 replies Crypto analyst Michaël van de Poppe highlighted the importance of the $112,000 mark as a potential resistance flip.

“Very keen to see what $BTC can do at this resistance,” he ￰24￱ far, Bitcoin seems to be holding just above it. That’s giving bulls room to breathe, at least for now. What’s next for Bitcoin price? With Bitcoin holding above $112,000, traders are watching for a clean break toward $112,700, a level marked as crucial by several ￰25￱ to well-followed market commentator Ted Pillows, $112,700 is currently acting as a liquidity magnet, with dense clusters of short positions and sell orders stacked just above it, making it a critical battleground for bulls attempting to extend the rally.

Others, like ZYN, are watching the $112.5k level, marking it as the final barrier in what he sees as a three-stage ￰26￱ 8h price chart.), wallets that typically remain inactive, have started moving coins ￰27￱ to Glassnode’s Binary Spending Indicator, activity from older wallets has spiked. Historically, this kind of behavior tends to surface near local tops or just before key turning points in the ￰28￱ analysts, including the team at Bitcoinsensus, suggest this may be early “sell-the-news” ￰29￱ expectations high for a Fed rate cut, whales could be preparing to exit before the rest of the market catches on. There’s also been a noticeable decline in the average Bitcoin balance held by large ￰30￱ holding between 100 and 10,000 BTC are now sitting on around 488 BTC each, a level not seen since December ￰31￱ shift started in November 2024 and hasn’t reversed ￰32￱ likely signals redistribution, coins flowing from long-time holders to newer, more active market ￰33￱ to David Bailey, CEO of Nakamoto, whale sell pressure has capped Bitcoin’s momentum, and the rally will likely resume once selling pressure ￰34￱ writing, Bitcoin was exchanging hands at $112,245, up 1.3% in the past 24 ￰35￱ market Over the past 24 hours, the altcoin market cap initially dipped from $1.72 trillion to $1.69 trillion, but later rebounded to exceed $1.75 trillion, securing gains of 1.7% over the ￰36￱ (ETH), the largest altcoin in the market, rose 3% hovering over $4,460 as of press time, while other major altcoins holding the largest shares in the market, such as XRP (XRP), Solana (SOL), Dogecoin (DOGE), and Tron (TRX), posted gains ranging between 1-4%.

Among the top 100 altcoins, the leading gainers were MemeCore (M), which recorded a double-digit surge of 15%, followed by OKB (OKB) and Maple Finance (SYRUP), which gained 8.7% and 8.5% respectively.) gains today could be identified, its gains were likely supported by investor hype and speculation surrounding the project’s recent partnership with D-Pump, a web3 token launch ￰37￱ partnership will reportedly focus on ecosystem interconnection, technical collaboration, and market expansion, key pillars that aim to empower the meme economy and promote the broader adoption of on-chain assets across both ￰38￱ Finance: SYRUP rallied today partly due to the rapid growth of SyrupUSDC, its yield-bearing stablecoin, which is close to hitting $1 billion in market cap just three months ￰39￱ token’s listing on Upbit, one of the leading exchanges in South Korea, also supported its ￰40￱ : OKB token’s gains were likely driven after the token gained increased visibility when the Dutch central bank slapped a large fine on the exchange for offering its services in the Netherlands without registering with local financial ￰41￱ usually adverse, these developments can still bring the token into broader discussion among market participants, with speculative trading and Bitcoin’s recovery rally likely adding to the gains.