BTC price stuck despite Fed cut bets; altcoins M, IP, PUMP show some strength

Invezz
2025.09.06 09:54
portai
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Bitcoin's price fluctuated between $107,414 and $113,225 over the past week, reflecting uncertainty in global markets. The total crypto market cap fell 2% to $3.899 trillion. Despite a brief rally, Bitcoin's momentum faded due to profit-taking and macroeconomic data. Traders anticipate a 90% chance of a Federal Reserve rate cut, which typically benefits risk assets like Bitcoin. However, recent weak US nonfarm payroll data did not lead to a significant price increase for Bitcoin, leaving analysts questioning its future direction. Key resistance levels are being monitored for potential upward movement.