Bitcoin Price Prediction: Sudden $116K Spike Meets Powell’s
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Last updated:
August 22, 2025
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bitcoin Price Prediction
Bitcoin staged a sharp spike to $116,250, gaining more than 3% in 24 hours and briefly lifting sentiment across the crypto market. The move comes despite a cautious backdrop from traditional markets, where traders continue to weigh the Federal Reserve’s rate outlook.
The rally highlights crypto’s resilience and ability to attract capital flows even in moments of macro uncertainty.
Powell’s Jackson Hole Message.
At Jackson Hole, Fed Chair Jerome Powell acknowledged progress in cooling inflation but avoided committing to an aggressive rate-cut path. He signaled that a 25 bps cut in September is “highly likely”, the clearest sign yet of near-term easing.
However, Powell cautioned against expecting a rapid series of cuts. He stressed the Fed’s “data-dependent” stance, pointing to risks from tariff-driven inflation and keeping the door open to holding rates higher for longer if needed.
The mixed tone spilled into markets. U.S. equities trimmed early gains, and crypto mirrored the volatility, leaving traders caught between optimism over easing inflation and concern that liquidity could remain tight through year-end.
FedWatch Tool Reaction.
The CME FedWatch Tool now shows an 87.3% probability of a cut to 400–425 bps at the September 17 meeting, with only 12.7% odds of holding steady at 425–450 bps. Markets largely took this as confirmation of easing, though Powell’s warning kept risk sentiment restrained.
Crypto Market Reaction.
Despite Powell’s restraint, major digital assets held ground. Bitcoin trades at $116,269, up 3.28% in the past 24 hours,...
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