This past week saw a diverse amount of activity in the cryptocurrency world, although overall price movements were rather slow. Bitcoin, in particular, demonstrated significant price fluctuations amid the upcoming Federal Reserve meeting.
Overview of Bitcoin Volatility
Last week, Bitcoin experienced sharp price fluctuations. On Friday, the cryptocurrency briefly surged to $111,500, only to quickly drop back down to $107,500. The following days did not bring much improvement, as BTC reached new local lows just above $107,000. However, on Tuesday evening, bulls managed to step in and raise the price to $111,000, with a subsequent dip to $109,500. Nevertheless, the cryptocurrency reclaimed its value and hit a weekly high of $113,350 shortly thereafter.
Key Weekly Events in the Cryptocurrency Market
Several significant events occurred in the market, including:
- **Strategy invests $450 million in BTC**: Company led by Michael Saylor increased its reserves by 4,048 BTC. - **Divergence between Bitcoin and Equities**: While Bitcoin has remained in a downtrend, equities and gold have shown gains, prompting analysts to consider potential changes for BTC. - **Predictions on the End of Bull Market**: Analyst CryptoBirb suggested that the current bull cycle may conclude in about 50 days. - **Tom Lee's ETH Investments**: Leading company continues to acquire ETH, based on predictions of substantial price increases.
Future Perspectives and Expectations
As the mid-September FOMC meeting nears, where an interest rate cut is expected, analysts remain cautiously optimistic. At the same time, many experts critically evaluate the likelihood of September 2025 continuing a negative trend of asset depreciation. For now, despite fluctuations, the market shows some stability, and great attention remains focused on further developments.
Overall, last week saw significant price fluctuations for Bitcoin, and upcoming events may greatly impact the market. Analysts continue to closely monitor the situation, assessing both short-term and long-term prospects.
