Bitcoin Holds $115,000 As Fed Rate Cut Hopes Boost Sentiment For Ethereum, XRP, Dogecoin

Bitcoin is consolidating around the $115,000 level amid growing optimism over a Fed rate cut and strong institutional accumulation.

Notable Statistics:

• Coinglass data shows 125,394 traders were liquidated in the past 24 hours for $426.98 million.       
• In the past 24 hours, top losers include OFFICIAL TRUMP, Virtuals Protocol and Pi.

Notable Developments:

• MSTR Up 2% As Strategy Buys 390 Bitcoin, But Downtrend Remains Intact
• Ferrari Ventures Into Crypto With Auction Of Le Mans Winning Car Using Exclusive Tokens: Report
• BMNR Up 5% After 77,000 ETH Purchase—And Another 120% Move May Be In Play
• Changpeng Zhao Says Kyrgyzstan Has Launched BNB Chain-Based ‘National Stablecoin,’ Multi-Asset Crypto Reserve
• EXCLUSIVE: Beeline’s New Tokenized Equity Model Offers Homeowners Debt-Free Liquidity
• Elizabeth Warren And Adam Schiff Introduce Senate Resolution Condemning Trump’s Pardon Of Changpeng Zhao

Trader Notes: Crypto trader Jelle said Bitcoin's rejection after sweeping resistance highs leaves two bullish scenarios: a higher low near $112,000 or reclaiming $116,000 as support. Until then, he advises caution on short-term bullishness.

Daan Crypto Trades noted Bitcoin remains range-bound, with its first sweep of local highs since Oct.10. A confirmed bullish reversal, he said, needs a break and hold above $116,000.

KillaXBT expects a "classic trap" setup, catching late longs early in the week, flushing shorts midweek, then triggering stops with a squeeze above the highs.

Castillo Trading reminded traders that fear often peaks at discount levels, the same zones ideal for accumulation. Many wanted a pullback at $125,000 but turned bearish once it arrived. "Plan the trade and trade the plan," he emphasized.

Read Next: 

• Bitcoin Back To $115,000: Why Is It Suddenly Going Up?

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