Bitcoin Rebounds Amid Fed Rate Cut Bets and Market Uncertainty

Price Action

• Bitcoin (BTC): $112,869.5, +1.7%
• Recent Trend: Fell below $109,000 earlier this week (seven-week low), now recovering slightly.
• Year-to-Date Movement: Down >10% from August peak above $124,000.

Drivers

• Fed Rate Cut Expectations: Traders price ~85% chance of a 0.25% rate cut in September.
• Trump & Fed Uncertainty: President Donald Trump attempted to fire Fed Governor Lisa Cook over disputed mortgage fraud allegations; Cook’s lawyer plans to sue.
• Inflation Watch: U.S. PCE price index due Friday, key for Fed policy signals.

Altcoins Performance (Thursday)

• Ethereum (ETH): $4,559.91, -1.2%
• XRP: $3.00, -0.6%
• Solana (SOL): +4%
• Cardano (ADA): +0.2%
• Polygon (MATIC): -0.7%
• Dogecoin (DOGE): +0.6%
• $TRUMP Meme Coin: +0.9%, pending ETF filing with SEC by Canary Capital (approval uncertain).

Market Summary
Bitcoin is showing a short-term rebound after hitting multi-week lows, as markets weigh possible Fed easing against uncertainty in central bank independence and upcoming U.S. inflation data. Altcoins remain mixed, with meme tokens attracting niche attention following SEC filings.