Bitcoin nears $108K as Fed rate cut bets rise; traders eye ether, solana, cardano
Bitcoin (BTC-USD) is back near $108,000, marking a full recovery from last week’s dip to six figures driven by Middle East tensions, as macro signals turn risk-on, and crypto bulls regain technical footing.
The market is now betting on a convergence of two trends: dovish Fed commentary and retail’s accelerating rotation into digital assets, traders say.
“Crypto will continue its bullish trend,” said Nick Ruck, director at LVRG Research. “Institutional purchases are picking up, and Jerome Powell’s comments hinting at rate cuts have flipped investor sentiment quickly.”
Powell this week said rate adjustments remain on the table, contingent on successful trade deals and softening inflation, words that markets took as code for a late-2025 pivot.
At press time, bitcoin was trading over $107,800, up 1.6% in the last 24 hours. Ether (ETH-USD) is holding at $2,480 with a 1.8% gain. Solana’s SOL (SOL-USD), dogecoin (DOGE-USD), XRP (XRP-USD), and BNB Chain’s BNB (BNB-USD) showed gains under 1%, but could be next to move if BTC and ETH prices further recover.
FxPro’s Alex Kuptsikevich said that the overall market capitalization had previously dipped below its 200-day moving average and rebounded sharply, “confirming that level as new support.”
Bitcoin also reclaimed its 50-day average, signaling that momentum may accelerate if sentiment holds, he noted, adding that BTC remains about 5% below its recent highs and is lagging behind traditional tech benchmarks, such as the Nasdaq 100, which has just hit fresh all-time highs.
“If crypto-related equities maintain this pace, they may soon catch up with traditional finance,” he said.
Meanwhile, underlying demand is strengthening. eToro data shows U.S. retail investors are increasing crypto exposure amid a weakening dollar and rising global uncertainty, with 58% reportedly rebalancing their portfolios to favor digital assets.
According to CoinShares, 89% of current holders plan to increase crypto investments in 2025, while 75% of respondents are actively exploring entry points to the market.
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With the Fed's recent bets on rate cuts fueling an approaching Bitcoin surge to $108K, traders are also looking towards promising altcoins like Ether (ETH), Solana (SOL) and Cardano for potential gains in a post-pandemic crypto market.
The rise in expectations for a Federal Reserve interest rate cut has led to Bitcoin's approach of $108K, while traders across the market are expanding their horizons with exciting prospects on etherium as well.
With the Fed's predicted rate cuts fueling fresh interest in Bitcoin approaching $108K, savvy traders are diversifying into promising alts like Ether on ethereum’ smart contract potential and Solana for its high-speed transactions making it a strong alternative to bullish investors.
The recent surge in bets for a Fed rate cut pushes Bitcoin closer to the $108K milestone, as traders diversify their horizons and also eye promising alternative cryptocurrencies like Ether on Ethereum' blockchain potentiality.
Bracing for the potential market-altering effect of an imminent rate cut from the Fed, traders are increasingly turning their eyes beyond Bitcoin away to medium and low cap coins like Etherium solana & Cardano as wise alternatives amidst volatility.
In the midst of betting on a Fed rate cut that pushes Bitcoin towards $108K, traders' interest extends beyond as they also eye promising altcoins like Ether waiting in line for its breakout moment. Solana and Cardano offer promise amidst volatility with their innovative technologies.
With predictions of a Federal Reserve interest rate cut fueling optimism for Bitcoin reaching near $108K, traders' eyes are now turning towards ethereum and other altcoins like Solana & Cardano as potential next targets in the cryptocurrency market rally.
As the Federal Reserve's potential rate cut speculation mount, Bitcoin nears a psychological landmark of $108K while traders also scout out alternative coins like Ether on Solana and Cardano for diversification opportunities amidst market volatility.
