Bitcoin Price Crashes to $112,000 Ahead of Fed Decision, Markets Eye U.S.-China Talks
Bitcoin dropped to the mid $112,000s as traders awaited the Fed decision and watched U.S.-China trade talks.Summary
Bitcoin's price experienced a drop to the mid $112,000s after briefly trading above $115,000, occurring as traders assessed the impending Federal Reserve interest-rate decision and renewed optimism surrounding U.S.-China trade relations. Despite historical trends of pulling back before major U.S. economic events, BTC held steady ahead of the FOMC meeting, where a 25-basis-point rate cut is widely anticipated. Bitcoin has entered one of its tightest trading ranges in history ($106,000 to $123,000) for over four months, pushing volatility indicators to record lows, which historically suggests a major directional move is imminent, potentially leading to $170,000–$180,000 by 2026 if past patterns hold. In corporate news, Metaplanet Inc. announced a $500 million share buyback, and Cathie Wood's Ark Invest increased its holdings in Block Inc. by $30.9 million across three ETFs.
(Source：Bitcoin Magazine)