Bitcoin Steadies At $116,000 While XRP, Dogecoin Push Higher

Cryptocurrency markets are trading sideways one day ahead of the Federal Reserve’s interest rate decision.

Notable Statistics:

• Coinglass data shows 101,022 traders were liquidated in the past 24 hours for $194.31 million.    
• SoSoValue data shows net inflows of $260 million into spot Bitcoin ETFs on Monday. Spot Ethereum ET'Fs saw net inflows of $359.7 million.
• In the past 24 hours, top gainers include Immutable IMX/USD, Monero XMR/USD and Filecoin FIL/USD.

Notable Developments:

• Anthony Scaramucci Congratulates Helium Medical, Pantera Capital On $500 Million Solana Treasury Move
• Block CEO Jack Dorsey Invites Businesses Using Square PoS System To Test Bitcoin Payments Feature
• Tom Lee Predicts Bitcoin, Ethereum ‘Monster Move’ In Q4
• Shytoshi Kusama Breaks Silence On $2.3 Million Shibarium Hack —Working With Devs In ‘War Room,’ Absence Rumors ‘Preposterous’
• Eric Trump Announces American Bitcoin Launch, Lauds BTC As ‘Modern-Day Gold’

Trader Notes: Crypto trader MaxBecauseBTC revisited an old fractal, comparing the launch of the Gold ETF with the Bitcoin ETF, noting BTC has closely mirrored gold's path for over a year. If the pattern holds, Bitcoin could climb past $190,000.

Daan Crypto Trades said Bitcoin is holding strong within its range, even as stop hunts play out ahead of the Fed decision.

Nic Puckrin called September a pivotal month: Bitcoin has repeatedly failed to close above a long-term trendline that capped the last two bull markets. Whether BTC finally breaks through or rejects again could set the tone for the cycle.

CrediBULL Crypto highlighted a clean triple tap pattern, offering two scenarios:

• Demand holds, turning the third tap into a base for upside expansion above $117,000.
• BTC stalls at range highs, leading to reversal toward $113,000.

Given current market context, Scenario 1 looks more likely — expecting demand to hold and liquidity grab above $117,000. If demand breaks, watch $113,000 next.

Read Next:

• Bitcoin, Ethereum Hold Steady Ahead Of Expected 25 Basis Points Interest Rate Cut

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