Bitcoin updates four-week high at $ 117,000

Today, September 17, during the morning session in Asia, bitcoin BTC $116,370.00 Mezo Wrapped BTC 0.89% Market capitalization $43.57 million VOL. 24 hours $1.46 billion rose to $ 117,000, the highest level since August 23, almost four weeks. During the day, the cryptocurrency rose by 1.5%, and over the week — by almost 5%, but later rolled back to $ 116,600. The market movement coincided with the expectation of the first key rate cut by the US Federal Reserve this year, which is traditionally seen as a signal of growth in risky assets.

Economist Alex Krueger said he was prepared for a «soft» decision by the Fed and remained optimistic about stocks and bitcoin. Another analyst, Ash Crypto, emphasized that the rate cuts are stimulating capital outflows from less risky assets to cryptocurrencies and stocks. According to him, the combination of monetary easing with factors such as the approval of bitcoin ETFs and greater regulatory certainty could launch a «parabolic rally» as early as the fourth quarter.

Crypto analyst Sykodelic recalled that previous Fed rate cuts were accompanied by a sharp market jump. Arthur Hayes, co-founder of BitMEX, added that discussions about Yield Curve Control indicate possible changes in Fed policy that could play in bitcoin’s favor.

The increase in liquidity also weakens the dollar. The dollar index (DXY), which measures the USD against a basket of currencies, has already fallen by 12% since the beginning of the year. For bitcoin, which is often positioned as «digital gold» and a hedge against inflation, this creates additional incentives for growth.

Fundstrat analyst Tom Lee said on CNBC that the Fed could restore confidence by signaling a return to the easing cycle. He called a possible rate cut «a real improvement in liquidity» and predicted a «powerful breakthrough» for bitcoin and ether in the final quarter of 2025.