Bitcoin remained largely steady as the Federal Reserve’s recent meeting minutes reinforced expectations for additional interest rate cuts in 2025.
Key Takeaways:
- The FOMC minutes showed that many Fed officials support further rate cuts this year, reinforcing a dovish outlook for monetary policy.
- Bitcoin’s price fluctuation was muted following the release, with traders initially reacting but the market holding above key support
- Momentum indicators remain mixed, suggesting potential for either consolidation or further upside if sentiment holds.
Earlier today, October 9, 2025, the Federal Open Market Committee (FOMC) published its detailed minutes from the September policy meeting, revealing that a significant number of officials are open to additional rate cuts later this year. The minutes also revealed divisions within the committee over timing and pace of easing. This resulted to a collective buzz around the crypto community, particularly on social media platforms like X (formerly Twitter). Crypto media source Coin Bureau highlighted the possibility of “two more” Fed rate cuts, emphasizing that there is a higher chance of interest rate cuts before the year ends.
Markets interpreted the signaling as a tilt toward easier monetary conditions, which tends to support risk assets including cryptocurrency. In response, Bitcoin saw a brief uptick in volatility but largely held its ground as traders digested the implications of future rate policy.
On the other side of the news, Bloomberg reported that the copper’s price climbed amid the rumored interest rate cuts, providing a potential upside for non-yielding assets.
Bitcoin Holds Support as Traders Gauge Macro Outlook
As of this writing (8:30AM UTC), Bitcoin (BTC) is trading around approximately $121,413, showing a sideways movement while being down 1.0% over the past 24 hours. Analysts also believe that this is a healthy correction phase after hitting its all-time high of $126,195 last Monday. CoinGecko shows that the token reached an intraday high of $124,072 and lows around $121,235.
On the technical front, Investing.com shows 14-day Relative Strength Index (RSI) is hovering near 59, indicating moderate momentum without being overbought.
Although Bitcoin did not surge strongly, the stability in price despite macro uncertainty is being interpreted by some traders as a sign of underlying strength, resistance levels remain intact, and key support zones near $120,000 are holding.
Outlook: Investors Watch for Confirmation From Economic Data
If the Fed follows through with rate cuts, that could provide further boost to crypto investment flows, especially into Bitcoin and other major assets. However, risks remain: any signs of inflation resurgent or hawkish surprise from the U.S. economic data could reverse sentiment quickly.
Analysts and technical watchers are looking ahead of BTC’s price action, particularly if it can makle a pullback to $125K and above as it could give higher chances of retesting all-time highs. However, a sustained break below $120,000 would draw attention to key support levels and may signal a period of consolidation or pullback.
For now, market participants appear to be braced for headlines and economic releases, especially upcoming CPI, PCE, and employment data, that could either validate or challenge the dovish narrative implied by the Fed minutes.
Summary
BTC held ~$121.4K after FOMC minutes signaled scope for more 2025 cuts; volatility stayed contained and RSI near 59 suggests room for either consolidation or a push back toward $125K, while $120K remains key support.
