- Bitcoin experienced volatility, dropping to US$114,461 before recovering to US$115,626, with analysts watching the crucial US$110k–US$116k support range.
- The US Federal Reserve is expected to announce its first interest rate cut of the year on Wednesday, with only the size of the reduction remaining uncertain.
- The US Senate confirmed crypto-friendly Stephen Miran to the Fed’s Board of Governors, filling a vacant seat until January 2026.
- Institutional investment is surging with US Bitcoin ETFs recording US$2.2 billion in net inflows last week and Standard Chartered planning a US$250 million digital assets fund.
Bitcoin remains volatile, dropping below US$115k (AU$172k) during the early hours on Tuesday, 16 Sept 2025. At one point, the OG crypto fell as low as US$114,461 (AU$171,765), but has since recovered to US$115,626 (AU$173,514) at the time of writing.
As reported earlier, some analysts have suggested the US$110k–US$116k (AU$165k–AU$174k) range forms an essential level of support, which, if breached, could send BTC much lower.
The volatility comes just ahead of a much-anticipated US Federal Reserve meeting on Wednesday, US time. A rate cut is widely expected, though the size of the cut is still hotly debated. It would be the first interest rate cut in the United States this year.
Related: PayPal Adds Crypto Transfers and Payment Links to Supercharge Peer-to-Peer Payments
Rate Cuts and a New Pro-Crypto Fed Governor
At the same time, the US Senate has voted to confirm crypto-friendly Stephen Miran onto the Fed’s Board of Governors.
He will fill the seat vacated by Adriana Kugler, who resigned in August to return to teaching at Georgetown University, and serve until 31 January 2026.
This also comes at a time when US spot Bitcoin exchange-traded funds (ETFs) have performed exceptionally well. They reversed a series of net outflows with more than US$2.2 billion (AU$3.3 billion) in net inflows last week.
This week has also started promisingly, with US$259.9 million (AU$389.9 million) in net inflows on Monday, according to data from Farside.
Surging Institutional Interest
Meanwhile, institutional interest in digital assets continues to grow. According to a Bloomberg report, SC Ventures, Standard Chartered’s venture arm, is preparing to raise capital for a US$250 million (AU$375 million) fund targeting digital assets in financial services, slated to launch in 2026 with backing from Middle Eastern investors.
Related: Australia’s SMSFs Embrace Crypto as OKX Launches Dedicated Platform
Partner Gautam Jain also revealed plans for a US$100 million (AU$150 million) Africa-focused fund and the potential creation of the firm’s first venture debt fund, though their ties to digital assets remain uncertain.
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