{"id":873099,"date":"2025-09-15T01:12:30","date_gmt":"2025-09-15T06:12:30","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/15\/bitcoin-ether-catch-friday-afternoon-bids-rise-to-three-week-highs\/"},"modified":"2025-09-15T01:12:30","modified_gmt":"2025-09-15T06:12:30","slug":"bitcoin-ether-catch-friday-afternoon-bids-rise-to-three-week-highs","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/15\/bitcoin-ether-catch-friday-afternoon-bids-rise-to-three-week-highs\/","title":{"rendered":"Bitcoin, Ether Catch Friday Afternoon Bids, Rise to Three-Week Highs"},"content":{"rendered":"

Bitcoins <\/p>\n

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Bitcoins Bitcoin, Ether Catch Friday Afternoon Bids, Rise to Three-Week Highs<\/h2>\n

Bitcoins Next week is expected see the first Fed rate cut in one year.<\/h2>\n

Updated Sep 12, 2025, 7:52\u202fp.m. <\/span>Published Sep 12, 2025, 7:48\u202fp.m. <\/span><\/p>\n<\/div>\n

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The big upside action in major cryptos of late has been in altcoins such as solana SOL<\/span><\/svg><\/span>$243.99<\/span><\/span><\/span><\/a><\/span> and dogecoin DOGE<\/span><\/svg><\/span>$0.2807<\/span><\/span><\/span><\/a><\/span>, with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens.<\/p>\n

Mostly forgotten as investor capital moved elsewhere were the two largest cryptos, but both are catching bids late in the U.S. trading day on Friday.<\/p>\n

Bitcoin BTC<\/span><\/svg><\/span>$116,710.32<\/span><\/span><\/span><\/a><\/span> is now ahead 2% over the past two hours to $116,600 and ether (ETH) is up 5% to $4,650. Both prices are the highest since the wild action in the third week in August that followed Federal Reserve Chairman Jerome Powell’s Jackson Hole speech.<\/p>\n

In that speech, Powell unexpectedly flipped from staunch monetary policy hawk to dove, saying the weakening labor market deserved more attention than the stubbornly high inflation rate.<\/p>\n

Interest rate traders reacted quickly, sending odds of a September rate cut from somewhat possible to a sure thing, with only the size \u2014 25 basis points or 50 \u2014 left for debate.<\/p>\n

In the hours following Powell, bitcoin flew from about $112,000 to more than $117,000 but that paled in comparison to the action in ether.<\/p>\n

Below $4,300 ahead of the speech, ETH soared more than 16% in less than 48 hours, nearly cracking $5,000 for the first time ever.<\/p>\n

Within hours after that, though, the bull move fell apart, and more, with ETH sliding all the way to about its pre-speech price and bitcoin tumbling all the way down to $107,000 by the end of August.<\/p>\n

Next week finally brings the much talked about Fed meeting, and traders universally expect <\/a>the U.S. central bank to trim its benchmark fed funds rate by 25 basis points to 4%-$4.25%.<\/p>\n<\/div>\n

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More For You<\/p>\n

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What’s Next for Bitcoin and Ether as Downside Fears Ease Ahead of Fed Rate Cut? <\/p>\n

\"bitcoins<\/p>\n

The Fed is expected to cut rates by 25bps on Wednesday.<\/p>\n

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What to know: <\/p>\n

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