Bitcoin Price Prediction: BTC Breaks $117K As Fed Chair Jerome Powell Cuts Interest Rates By 25 Bps
The Bitcoin price edged up a fraction of a percentage in the last 24 hours to trade at $117,217 as of 5:00 a.m. EST on a 42.97% increase in daily trading volume to $66.51 billion. The rise in price comes right after the US Federal Reserve cut interest rates by 25 basis points on Sept. 17, 2025. Fed Chair Jerome Powell explained this decision by pointing to a slowing labor market, even though inflation remains high. J-Powell and the Fed cut rates by 25 bps. What does that mean for Bitcoin? "It's definitely bullish for Bitcoin" – @Andre_Dragosch from @Bitwise_Europe said on #CHAINREACTION. 3 main reasons: 💹 Decrease in real yield 💵 Inflation 🔼 = BTC upside 💰 Money supply growth = 🚀 pic.twitter.com/lKZmSSggUT — Gareth Jenkinson (@gazza_jenks) September 18, 2025 That shows a change in US economic policy aiming to help the economy grow. Powell mentioned slow job growth and unusual changes in labor supply as ...