Bitcoin Price Drops To $115K After Rate-Cut Rally | Crypto News
On Thursday, September 18, the Bitcoin price loved some type of rejuvenation following the end result of the United States Federal Open Market Committee (FOMC) assembly. Federal Reserve Chair Jerome Powell announced an rate of interest cut for the first time in 2025.
The basic crypto market rallied on the back of this charge cut announcement, with the Bitcoin price operating to a month-to-month high and nearly breaking above the $118,000 stage on the day. However, the premier cryptocurrency has failed to construct on this momentum, retreating to around $115,500 on Friday, September 19.
With price unable to maintain a critical rally, the query on the other aspect is—is the Bitcoin market on the brink of capitulation?
BTC Market Shows Zero Signs Of Capitulation
In a post on social media platform X, market analytics firm Alphractal revealed that the Bitcoin market is way from price capitulation. According to the blockchain platform, the Bitcoin price has shown no indicators of capitulation for over a 12 months—since July 2024.
This on-chain remark is based on the Market Capitulation Index (0 – 3), which tracks potential durations of intense downward price motion. This metric is based on three stress indicators: Hash capitulation (>30% decline in 30 days), price capitulation (>50% drop), and provide capitulation (7-day energetic provide >15%), with each signal contributing a level apiece.
According to Alphractal, scores of around 2 – 3 for the Market Capitulation Index point out extreme market stress and potential capitulation. Typically, high values for this metric recommend excessive promoting stress. Meanwhile, scores between 0 and 1 signal regular market situations for the Bitcoin price.
Looking at the metric—which is at zero—and the three stress indicators, the BTC market doesn’t show any indicators of capitulation, with the hash charge hitting new all-time highs in September. Furthermore, while the Bitcoin price has not significantly impressed so far in the past few months, it has largely been in a consolidation vary somewhat than in a downward development.
Alphractal founder Joao Wedson famous in a separate post that it’s going to seemingly take a few more months before the biggest cryptocurrency market faces capitulation. Ultimately, this means that the Bitcoin price still has a likelihood of witnessing another leg up in the current bull cycle.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $115,400, reflecting an over 2% decline in the past 24 hours.
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