- Bitcoin price surges 1.5% to $111,902 amid soaring volume and near-certain Fed rate cuts projected for October 28–29.
- In a landmark statement, Governor Waller declares crypto “woven into the financial fabric,” signaling a major policy shift toward digital assets.
- With Bitcoin trading above its 200-day SMA and RSI at a neutral 46.5, analysts foresee room for further upside if Fed liquidity flows kick in.
“Uptober” may still be in play as Bitcoin price today jumped 1.5% to trade at $111,902 as of 2:21 p.m. EST on a 54% surge in trading volume to $92 billion.
Markets Eye Fed Rate Cut as Odds Soar to 99%
Wall Street and crypto traders are buzzing over a near-certain Federal Reserve rate slash. Odds of a 25 basis point cut at the October 28-29 FOMC meeting have hit 98.5%, per CME FedWatch, dropping rates to 3.75%-4% amid cooling inflation and solid jobs data.
The 10-year Treasury yield dipped below 4%, sparking hopes for cheaper borrowing and fresh liquidity.
Fed’s Waller Declares Crypto Woven into Financial Fabric—Bitcoin Bulls Rejoice
Meanwhile, in a monumental address at the Federal Reserve’s inaugural payments innovation conference, Governor Christopher Waller said distributed ledgers, stablecoins, and crypto assets are no longer fringe—they’re “woven into the fabric of the payment and financial systems.”
Speaking to a packed room in D.C., the silver-haired economist urged the Fed to “embrace disruption” with “skinny” master accounts for eligible fintech players, easing access to Fed services without full bank status.
Waller’s nod signals a seismic shift: Fed is moving from crypto foe to friend. As rate-cut bets hit 98.9%, this could turbocharge the rally, though skeptics whisper that regulation is lurking. For now, it’s green lights all around.
Bitcoin Surges Past $112,000 Milestone Amid Bullish Momentum
In a dazzling display of market muscle, Bitcoin blasted through the $112,000 barrier on October 21, 2025, capping a stellar run from the October 10-12 lows. The BTC candlestick chart tells a clear story, where green candles dominate, with the price closing at $112,947—up 1.23% on the day and eyeing fresh all-time highs.
Zooming in, the 200-day simple moving average (SMA) sits at $108,229, sloping upward. Bitcoin is trading above this moving average, signaling strong buyer interest.
The Bollinger Bands are starting to squeeze in together, hinting at a potential breakout if contraction gets tighter. Price is hugging the middle band, which may result in a retracement to $108,000 if bulls don’t maintain the campaign.
Down below, the Relative Strength Index (RSI) at 46.48 shows neutral territory while still facing upward, signaling that buy pressure is rising.
BTC is nowhere near overbought yet, which leaves room for more gains.
The Moving Average Convergence Divergence (MACD) paints a cautious picture, dipping negative at -714. However, the histogram’s green bars suggest momentum could flip bullish soon.
Crypto circles are lit up. If Powell cuts rates, the Fed prints more fiat, and markets pump. Analysts are eyeing rallies if the cut lands, though some caution that this could be a recession signal.
ETF inflows and potential Fed interest rate cut buzz are fueling the fire, and at this pace, $120,000 by late October is not a long shot.
Disclaimer: The facts and analysis presented here are only for informational purposes. Readers should not interpret the content of this article as financial advice or product recommendations.
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