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- 🦉 BTC Price Charges To $116K As Fed Hints At Interest-Rate Cut
🦉 BTC Price Charges To $116K As Fed Hints At Interest-Rate Cut
BlackRock's IBIT Now Holds More Bitcoin Than All Major Exchanges, Coinbase Predicts 'Full Scale Altcoin Season' Heading Into September—Here's What Will Drive The Rally

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Bitcoin Market Update
After reaching new all-time highs around $124K, Bitcoin has since shown signs of weakness, gradually grinding lower toward the early August lows just below $112K. This level was critical, as it marked the last major higher low within the broader trend. BTC successfully retested and held that support, and today we’ve seen daily momentum flip back to the upside, producing an impressive 4% bounce from that key area.
The immediate objective for the bulls is reclaiming and holding above the August 17th high near $118,500. Encouragingly, Bitcoin has already regained acceptance back into the previously established volume profile, with the **Value Area Low (VAL) at $115,478, the Point of Control (POC) at $117,931, and the Value Area High (VAH) at $120,300. As long as BTC maintains levels above roughly $115,500, the market can continue to consolidate within this value range—a development that would strengthen the case for the bulls, even if price action moves sideways in the near term.
The primary risk here would be a sharp rally that fails to sustain momentum, forming a macro lower high before breaking back down. Such a scenario would signal weakness and likely extend the short-term downtrend visible on lower timeframes.
For now, however, BTC remains in a position of relative strength. As long as the $112K level continues to hold and price can build acceptance within the current range, I remain cautiously optimistic that Bitcoin is setting the stage for another push toward new all-time highs in the coming weeks.
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JPOW DOVISH, CRYPTO SURGESđź’ˇ

Federal Reserve Chair Jerome Powell’s dovish tone at the Jackson Hole symposium—suggesting that lower interest rates may be warranted given rising risks to employment—sent immediate ripples through the markets.
Why crypto surged:
• Higher risk appetite: Lower interest rates typically make safer investments like bonds and cash less appealing, prompting investors to chase returns in riskier assets like Bitcoin and altcoins.
• Weaker U.S. dollar: Easing monetary policy generally triggers a softer dollar, which boosts crypto valuations globally.
• Rate-cut expectations via Powell’s signal: Markets immediately ramped up expectations for a September rate cut—with probability models like CME’s FedWatch jumping from 75% to 87%—further fueling rallies in crypto and equity markets alike.
As a result, Bitcoin climbed roughly 4% to around $117,000, while Ethereum soared about 14%, with altcoins like XRP, Solana, and Dogecoin also posting strong gains.
In essence, Powell’s shift to a more accommodative stance injected fresh optimism into the markets—reviving demand for speculative assets like crypto amid the prospect of looser Fed policy.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.