Bitcoin (BTC) is "soaring" strongly, up about 1.8-2% in the past 24 hours

Today (9/12/2025), Bitcoin (BTC) is “soaring” strongly, up about 1.8-2% in the past 24 hours, pushing the price above the 91,000-92,000 USD mark (from a low around 89,000 USD this morning). The total crypto market cap has also surged to over 3 trillion USD, with inflows into Bitcoin ETFs reaching 352 million USD in just one day. This is an impressive rebound after a “bloody” week (-3.5% weekly), and below are the hottest news fueling this rally – based on the latest data from reputable sources.

1. Fed rate cut expectations (FOMC meeting today and tomorrow) – The biggest “boost”

   • The market is betting 85-92% odds that the Fed will cut 25 basis points (0.25%) at the December 9-10 meeting, according to the CME FedWatch Tool. This increases BTC’s appeal versus bonds, triggering “risk-on” mode for all risk assets.
   • Reason: Lower rates = more liquidity, encouraging investment in crypto. Analysts from Forbes and Investing.com call this the main “macro tailwind,” pushing BTC to 90,800-92,000 USD during the US session yesterday.
   • Impact: If the Fed is “dovish” (accommodative), BTC could test 95,000-100,000 USD by the weekend. Conversely, if hawkish (aggressive), it could pull back to 85,000 USD support.

2. MicroStrategy scoops up another 10,624 BTC – Whale accumulation signal

   • Michael Saylor’s company just bought another 10,624 BTC at an average price of 90,615 USD, worth nearly 963 million USD. Their total holdings are now 660,624 BTC (worth ~49 billion USD), marking the largest purchase in the past 100 days.
   • This is a “BTC Yield” of 24.7% YTD 2025, reinforcing BTC’s role as a “strategic asset.” Saylor also revealed he’s meeting with sovereign wealth funds in the Middle East to drive adoption.
   • Impact: Large-scale corporate buys like this create FOMO (fear of missing out), attracting ETF inflows and whale accumulation (which has absorbed 240% of BTC issuance this year).

3. CFTC approves pilot program: BTC/ETH/USDC as collateral for derivatives

   • The US Commodity Futures Trading Commission (CFTC) has just launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in the US derivatives market. This is a major regulatory step forward, increasing legitimacy and liquidity for crypto.
   • Acting Chair Caroline Pham emphasized this is a “green light” for spot trading and compliance. Additionally, CME is set to launch futures for XRP and Solana from December 15.
   • Impact: Boosts institutional confidence, especially as Bank of America, Citigroup, and Wells Fargo are about to meet with senators regarding crypto structure legislation. Stablecoins like USDT have also been approved by Abu Dhabi for expansion on 9 chains.

4. On-chain signals and sentiment “flipping”

   • NVT Golden Cross: The NVT (Network Value to Transactions) indicator just flashed a strong buy signal – on-chain activity is recovering faster than price, signaling a new uptrend (similar to the pump from 85K to 120K before).
   • Hash Ribbons buy signal: Miner stress is dropping, suggesting a BTC target of 90K+ for the year-end “Santa rally.”
   • ETF flows: Bitcoin ETFs drew in 54.8 million USD (ARKB +42.8M), even as ETH ETFs saw outflows of 75M. XRP ETF up 38M – altcoins starting to follow the trend.
   • Sentiment: Fear & Greed Index at 22 (extreme fear), but Google searches for “dollar debasement” at ATH – a sign investors worry about inflation, pouring into BTC as “digital gold.”

Short-term outlook

• Bull case: If the Fed cuts rates and BTC holds above 90K, it could pump 10-15% to 100K+ by month-end (Bernstein raises 2026 target to 150K). Texas and other states continuing to buy BTC will be a catalyst.
• Bear case: If the Fed holds steady or the stock market pulls back (S&P 500 correlation high at 0.5), could test 85K. But on-chain data shows “strong hands” are holding, little dumping.
• Overall: This is a “relief rally” after a 28% correction from the ATH 126K (October), and history shows Q4 bull cycles are often strong.

BTC is in a “reset” phase ready to explode – if you’re holding, chill and watch the FOMC tomorrow! Is there any specific news you want to dig deeper into? 🚀📈