ФРС понизила ставку, Биткоин временно откатился, но снова достиг $117 000 Headline: The Fed Cuts Rates, Bitcoin Dips Before Rebounding to $117,000

On September 17, the Federal Reserve (Fed) of the United States lowered the key interest rate by 0.25% to a range of 4-4.25%, marking the first cut since December 2024. The outcome of the meeting aligned with investors’ expectations, and the market response was muted.

«The latest data indicates a slowdown in economic activity during the first half of the year. The pace of job growth has decreased, and the unemployment rate has slightly risen, although it remains low. Inflation has increased and continues to stay elevated,» stated the regulator.

Following the news, the price of Bitcoin temporarily dropped below $115,000 but later recovered to $117,000 at the time of writing.

Ethereum’s price rose by 0.9% over the past 24 hours, reaching $4,560.

Among the top ten cryptocurrencies by market capitalization, Solana, Dogecoin, and Cardano showed the most significant growth. Notably, BNB updated its all-time high to $994 on September 18.

The Fear and Greed Index remains in the «neutral» zone, adjusting by one point in the past 24 hours to a current score of 52.

During a press conference, Fed Chair Jerome Powell mentioned that the FOMC has not reached a consensus on further easing of monetary policy.

«Ten out of 19 Committee members predict two or more rate cuts by the end of the year, while nine forecast either fewer cuts or no cuts at all,» he remarked.

According to the median forecast from the Fed’s quarterly economic expectations report, the rates are projected as follows:

Ahead of the Fed meeting, experts had differing views regarding the impact of the Fed’s decision on Bitcoin. Fundstrat co-founder and BitMine Chairman Tom Lee predicted a «grand rally» for Bitcoin and Ethereum in the upcoming quarter.

The expert suggested that the price of digital gold could reach $200,000 by the year’s end.

Crypto analyst Ted Peplows forecasted a correction for Bitcoin to $92,000 before a new growth surge.

In the opinion of Kraken exchange economist Thomas Perfumo, the market will show growth, but not immediately. He believes that more substantial cuts in the key interest rate will be critical for digital assets.

«Investors are anticipating a normalization of rates at 3-3.5%. Given the non-linear impact on asset prices, the next reduction of 100 basis points could have a more significant effect than the previous one,» he commented to The Block.

It is worth noting that Clouted, co-founder of the ETH Strategy protocol, stated the «uselessness» of the dollar amid Bitcoin’s rise.