Bitcoin’s hash rate, the network’s aggregate computational power, reached a milestone of 1.12 billion TH/s on September 12, according to Bitinfocharts data . The network difficulty, which measures the computational complexity required for miners to discover new blocks on the blockchain, is on track to reach a record peak of 136.04T Market analysts now suggest that Bitcoin is positioned to overcome its 3-week-long resistance level at $117K. Record Bitcoin Hash Rate and Fed Rate Cut Could Trigger $117K Breakout An increasing hash rate shows increased computational resources being allocated to Bitcoin mining. Source: Bitinfocharts data This typically reflects increased miner confidence, as they essentially bet that Bitcoin’s future valuation will warrant their hardware and energy costs, and it also rises proportionally with the hash rate According to CoinWarz , the upcoming difficulty adjustment is projected for September 18, 2025, with current estimates indicating a 6.38% increase to 136.04T. Source: CoinWarz With the Federal Reserve’s highly anticipated rate decision scheduled for September 17 and risk-on markets anticipating a 25-basis-point reduction, investor sentiment on a Bitcoin $117k breakout now leans optimistic. This perspective aligns with miner reserves climbing to a 50-day peak of 1.808 million BTC on September 9, according to CryptoQuant data , suggesting miners are maintaining their holdings rather than liquidating. Similarly, crypto analyst Avocado Onchain identifies a fundamental shift in mining behavior and Bitcoin network resilience. Examining the Miners’ Position Index (MPI), spikes have historically emerged under two conditions, which are pre-halving periods when miners tactically reduce holdings, and late bull market phases when they sell aggressively into fresh retail capital. Source: CryptoQuant The present cycle shows a contrasting pattern, although some pre-halving distribution is obvious, as the intense late-cycle liquidations remain notably absent. This shows that ETF inflows and Bitcoin’s adoption as a strategic treasury asset by major economies may be reshaping mining strategies. They seem to be transitioning from short-term liquidation toward long-term accumulation. U.S. spot Bitcoin ETFs Ignite with a $553M daily inflow, pushing a four-day streak to $1.7B. Ether ETFs also saw a resurgence with $113M in new funds. #Bitcoin #ETF #ETH https://t.co/zZiNqtKSEm — Cryptonews.com (@cryptonews) September 12, 2025 The analyst further emphasizes that mining difficulty has achieved an all-time high, with its growth trajectory forming the characteristic “Banana Zone” of steep increases. Bitcoin Technical Analysis: Bulls Challenge $117k Resistance Wall Bitcoin analysts have identified $117,200 as the key resistance level for the price to overcome, which corresponds with a CME gap. Should BTC decisively reclaim this threshold, pathways toward new all-time highs above $124k would emerge. In the event of rejection, BTC could retreat to monthly lows with liquidity concentrations around the $108K-$112K range. The FOMC meeting approaches next week, with a 25-basis-point rate cut anticipated. Market direction will hinge on Powell’s commentary and the Fed’s perspective on inflation and employment metrics. If Powell emphasizes inflation concerns, BTC might decline to test the $112k liquidity zone. Liquidity Zone. (Source: Coinglass ) From a technical perspective, the Bitcoin 4-hour chart displays price recovering within a trading range following several unsuccessful attempts to sustain levels above the $119,000 resistance area. The wedge formation that previously supported the upward trend has now deteriorated, with repeated false breakouts confirming selling pressure at elevated levels. Source: TradingView The price currently trades around $115,400, which is near the range’s upper limit, where resistance has historically prompted corrections. With support established around $107,700, the chart indicates a probable rejection at current levels, favoring a decline toward the range’s lower boundary unless buyers achieve a convincing breakout above $119,000. The post Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges – Will BTC Break $117K? appeared first on Cryptonews .
TL;DR Bitcoin rebounds from $107K low, testing $114K as bulls eye a breakout toward $120K. Liquidations near $115K fueled sharp upward momentum, clearing resistance and boosting short-term bullish outlook. Short-term holders realize losses, but institutional demand suggests the broader trend remains strongly bullish. Bitcoin Tests $114K Level Again Bitcoin has recovered in the past week or so after reaching a low near $107,000 earlier this month. That zone marked the end of its measured move, and the price has since pushed back above $114,000, trading close to $115,000. Analyst Rekt Capital said , “Bitcoin is now in contention for a reclaim of the $114k (black) level back into support. Weekly Close above $114k would trigger bullish bias and resynchronisation with the $114k–$120k Range.” The $114,000 level has acted as resistance in recent weeks. Holding above it on the weekly close would open the way toward the $114,000–$120,000 range. Source: Rekt Capital/X Rekt Capital noted that Bitcoin “needs to stay above ~$114k as it heads into the new Weekly Close” and should build a cluster around this level, similar to early August. Trader Ted pointed to $117,200 as the next resistance and wrote , “$117,200 is the next important level for Bitcoin and it also has a CME gap. If BTC fully reclaims this level, the doors towards the new ATH will open.” If the move fails, Bitcoin could revisit recent monthly lows. Liquidations Drive Short-Term Spike Glassnode data shows that a wave of short liquidations near $115,000 pushed the latest surge. The liquidations were triggered across exchanges between 9–10 p.m. UTC and matched signals from its Hyperliquid heatmap. High short liquidations clustered around $115k were triggered last night, accelerating $BTC upward spike. The move was confirmed across exchanges around 9–10pm UTC, aligning with our new Hyperliquid heatmap signals. pic.twitter.com/l9z8RS7ECM — glassnode (@glassnode) September 12, 2025 The cascade of liquidations added momentum, helping Bitcoin clear overhead resistance levels and driving volatility higher as the week developed. Short-Term Holders Realizing Losses Data from CryptoQuant shows that short-term holders are realizing losses again after four months of steady gains. Analyst G a a h said , “This change is significant, as it indicates a momentary loss of confidence on the part of speculators.” Source: G a a h/CyptoQuant The Spent Output Profit Ratio (SOPR) for short-term holders has dropped below 1. In previous cycles, market peaks formed when short-term holders booked heavy profits, often during periods of extreme greed. This time, those conditions have not appeared, suggesting the rally has been sustained by larger investors. If Bitcoin holds $114,000 into the weekly close, analysts see scope for continuation toward $120,000 in the near term. The post Bitcoin Eyes $120K if Weekly Close Holds Above $114K appeared first on CryptoPotato .
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Bitcoin (BTC) and cryptocurrency exchange Gemini (GEMI), founded by twins Tyler and Cameron Winklevoss, experienced a major debut on the Nasdaq, soaring nearly 40% following the company’s initial public offering (IPO), which raised $425 million. Gemini Success On Nasdaq Debut Based in New York, Gemini priced its IPO late Thursday above the anticipated range of $24 to $26, reflecting strong investor interest. This valuation positioned the company at approximately $3.3 billion before trading commenced. Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors Despite the successful debut, Gemini has faced financial challenges. According to its registration with the Securities and Exchange Commission (SEC), the company reported a net loss of $159 million in 2024 and a loss of $283 million in the first half of this year. The Winklevoss brothers, who are recognized as early Bitcoin investors and the first Bitcoin billionaires, have consistently advocated for Bitcoin as a superior store of value compared to gold. In a recent interview on CNBC’s Squawk Box, they expressed their belief that the price of the market’s leading cryptocurrency could reach $1 million within the next decade, saying it could easily increase tenfold from its current price. GEMI Stock Peaks At $40 The Winklevoss twins’ exchange debut on the Nasdaq follows those of Circle (CRCL), the issuer of the second-largest stablecoin by trading volume (USDC), and Bullish (BLSH), the Peter Thiel–backed exchange, which were among the first crypto firms to go public this year. Related Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery According to Arkham data issued after the initial public offering debut today, the brothers’ long-dated commitment to Bitcoin and broader crypto market has led them to amass over $2 billion in crypto assets, mostly consisting of BTC. The newly traded GEMI stock opened at $37.01 on Friday, significantly exceeding the IPO pricing of $28, and at one point reached a high of $45.74 during trading. Since, the stock has retraced toward its current valuation of $34. Featured image from DALL-E, chart from TradingView.com
Solid inflows into spot Bitcoin ETFs signal sustained demand from the bulls, increasing the likelihood of a break above the $117,500 resistance. Will altcoins follow?
Tyler Winklevoss forecasts Bitcoin will reach $1 million per coin within 10 years, arguing Bitcoin can “disrupt gold” as a store-of-value. This Winklevoss Bitcoin $1 million prediction ties to growing
The cryptocurrency market witnessed a slight upswing on Friday as Bitcoin broke above the $116k barrier, while altcoins such as Solana and Dogecoin soared amid broader risk asset market’s anticipation around the Federal Reserve’s upcoming policy meeting. With expectations of an interest rate cut fueling investor confidence across equities, digital assets also signaled a potential continuation of latest momentum. Other than SOL and DOGE, small cap tokens like Avantis and MYX Finance soared while Numeraire, Linea and Bio Protocol pared recent gains amid ongoing profit taking. Will a Fed cut catalyze crypto rally The Federal Open Market Committee (FOMC) convenes on September 17, with markets pricing in a 90% chance of a 25 basis-point rate cut. Following latest CPI data, investors are also betting on a possible aggressive 50 basis-point reduction. Such easing measures are poised to inject liquidity into risk assets, potentially propelling Bitcoin higher. Altcoins could also move into new discovery phases. Even though historical precedents show Fed dovishness correlating with crypto booms, sticky inflation at 2.9% core CPI could introduce caution with investors advised to monitor post-meeting signals, as any deviation from expectations might trigger short-term dips before resuming the upward arc. Binance Research shared their outlook: Binance Research @BinanceResearch · Follow Crypto and global markets rally on Fed rate cut odds (92% for 25bps), but PPI-CPI gap and weak jobs data complicate policy. Altcoins hit July highs, and gold’s rally may spark crypto rotation. FOMC next.Dive in ➡️ binance.com/en/research/an… 7:02 PM · Sep 12, 2025 157 Reply Copy link Read 30 replies Bitcoin breaks through $116k Bitcoin has struggled with sell-off pressure in recent weeks, but it surpassed $116k on Friday as bulls gained confidence. At the time of writing, BTC hovered around $116,056. The surge follows sustained ETF inflows and bullish long-term bets, with experts projecting BTC could test $125k–$128k if it clears recent resistance levels around $120k. While institutional adoption continues to play a major role, investor anticipation has swelled ahead of the Federal Reserve’s meeting next week. Wall Street expects the Fed to cut its interest rate by at least 25 basis points, and a rally for stocks could cascade into BTC and top altcoins. Solana and Dogecoin prices surge The altcoin market is bullish, and Ethereum surged to above $4,600, and XRP reclaimed $3.00 as the BNB price broke above $917. Solana price climbed roughly 5% to trade above $240, showing a notable rebound from recent lows. The anticipation of Solana spot ETF approval continues to dictate sentiment, as does momentum from Solana treasury companies. SolanaFloor @SolanaFloor · Follow 🚨BREAKING: @galaxyhq Digital has accumulated 1.81M $SOL worth $432M in the past 24 hours, reportedly for Forward Industries’ $1.65B Solana treasury. Only 26% of the raise has been deployed so far, with 74% still remaining. 5:01 PM · Sep 12, 2025 234 Reply Copy link Read 16 replies Elsewhere, Dogecoin’s meme-driven momentum put it ahead of most of the top 10 coins. DOGE gained about 8% on the day to lead top performers in this category, as also ETF debut and potential approval buoy bulls. Among top performers, Avantis surged by over 41% in the past 24 hours, while MYX Finance jumped 38% and MemeCore by 23%. Ondo and Chainlink also surged. The opposite end had tokens such as Numeraire, Linea and Bio Protocol swinging lower amid continued profit taking. The post Crypto wrap: Bitcoin tops $116k as SOL and DOGE gain ahead of Fed rate decision appeared first on Invezz
Tyler Winklevoss believes that Bitcoin will hit $1 million per coin in 10 years, just as the crypto entrepreneur's exchange goes public.
The International Monetary Fund has maintained that El Salvador isn’t buying more Bitcoin after signing a financing agreement to reduce its BTC activity. However, the recent digital asset purchases by the country’s President, Nayib Bukele, seem to contradict the fund’s statement. El Salvador secured a loan of $1.4 billion on the condition that it reduce its Bitcoin activity and halt its BTC purchases. Bukele had announced in November 2022 that the country would purchase one BTC daily. El Salvador purchases more BTC Buying 21 bitcoin for Bitcoin Day. pic.twitter.com/3X4yKeiqzg — Nayib Bukele (@nayibbukele) September 7, 2025 President Nayib Bukele announced over the weekend an additional purchase of 21 BTC to celebrate the fourth anniversary of El Salvador’s Bitcoin Law. The purchase added another $2.3 million worth of Bitcoin to the government’s new, transparent blockchain coffers. On-chain data shows that El Salvador has around 6,318 BTC worth around $726.8 million. The country’s Bitcoin Office matches the data, but indicates that El Salvador has added 28 BTC in the last 7 days and 51 BTC in the last 30 days. The IMF disputes the data, claiming that both parties signed a deal that forced the country to scale back its Bitcoin experiment. The fund argued that the BTC purchases are all bunk. “We can confirm that the total amount of government-owned Bitcoin has not increased and that the increase in the Bitcoin Reserve Fund corresponds to movements across government wallets.” -Meera Louis, Communications Officer at IMF. The El Salvador government’s communications department revealed that the President is purchasing more Bitcoin. On-chain data also shows that the country’s BTC wallets are growing by 1 BTC daily, with deposits from cryptocurrency exchanges like Binance, Bitfinex, and other random addresses. The country had previously limited transparency regarding BTC purchases, since they were only traceable via Bukele’s tweets. The President would irreverently boast about his buys, once saying he bought BTC on his phone while in the toilet. Crypto analytics firm Bubblemaps argued that there’s no way to confirm on the blockchain when the Bitcoin being transferred today was actually purchased. The firm believes that the country may have purchased the BTC some time ago, before the 2024 deal with the IMF, and the digital assets remained dormant in a crypto exchange account before arriving in publicly disclosed wallets. Bubblemaps also explained that El Salvador’s recent transactions could have been routed through exchanges to make it look like they were fresh purchases. The analytics firm asserted that it’s impossible to ascertain since third parties cannot access an exchange’s ledger of transactions without the exchange releasing the data itself. Bukele defies IMF agreement Founder and CEO of Hxagon, James Bosworth, said there should have been more transparency with the buys from the beginning, whether or not the BTC purchases are new. He argued that Bukele was not purchasing all of the BTC on the open market, but instead moving the digital assets around as a type of government-backed wash trade. Bosworth asserted that the President’s unprofessional management of Bitcoin continues to obscure the budget situation. He said the digital assets should be the Salvadoran government’s and people’s resources and not Bukele’s personal wallets that he can use to play trading games. Even after the agreement, Bukele still claims he’s doing what he wants in defiance of the IMF. He said in March that the purchases will not stop. The President stated that if the purchases didn’t stop when the world ostracized El Salvador and most bitcoiners abandoned the country, it would not stop now or in the future. A letter signed by Central Bank President Douglas Pablo Rodriguez Fuentes and Minister of Finance Jerson Rogelio Posada Molina on July 15 revealed that El Salvador had provided the addresses of all hot and cold wallets to the IMF for review and monitoring. The IMF said that the stock of Bitcoins held by the public sector remains unchanged. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Bitcoin nears $116,000, Ethereum surpasses $4,600 in vibrant market conditions. Dogecoin shows strong performance as Federal Reserve's decision approaches. Continue Reading: Cryptocurrency Market Prepares for Fed Interest Rate Decision The post Cryptocurrency Market Prepares for Fed Interest Rate Decision appeared first on COINTURK NEWS .