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Bitcoin Trades Sideways as Crypto Traders Remain Cautious, Await Fresh Cues

Bitcoin Trades Sideways as Crypto Traders Remain Cautious, Await Fresh Cues

Bitcoin trades close to $112,000 while Ethereum holds near $4,100 amid muted momentum.

Written by Rahul Dhingra, Edited by David Delima | Updated: 24 September 2025 11:54 IST

Bitcoin Trades Sideways as Crypto Traders Remain Cautious, Await Fresh Cues

Photo Credit: Unsplash/DrawKit Illustrations

Crypto Market Consolidates as Bitcoin Holds Close to $112,000

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Highlights

Bitcoin trades near $112,000 as sentiment stays muted
Ethereum hovers around $4,100 amid cautious positioning
Traders eye Powell’s speech and key inflation data next

Crypto markets remained in a phase of consolidation on Wednesday as investors digested the aftermath of liquidations and prepared for fresh signals from macroeconomic data. Bitcoin was trading at $112,000 (roughly Rs. 99.3 lakh), while Ethereum hovered at $4,100 (roughly Rs. 3.6 lakh). The US Federal Reserve's recent commentary hinted at further policy shifts, and traders remain watchful for Federal Reserve Chair Jerome Powell's next remarks and economic releases later this week and the market sentiment remains cautious. The price tracker on Gadgets 360 shows Bitcoin trading at Rs. 98 lakh, while Ethereum stands at Rs. 3.6 lakh.

Altcoins Show Mixed Moves Amidst Consolidation

Mirroring Bitcoin's sideways movement, the broader market showed limited conviction on either side. Solana (SOL) weakened to $208 (roughly Rs. 18,400), while XRP managed to hold steady at $2.84 (roughly Rs. 252). Binance Coin (BNB) climbed to $1,010 (roughly Rs. 84,000), recording a modest gain over the past day. Dogecoin (DOGE) hovered at $0.237 (roughly Rs. 23).

“Bitcoin is currently trading around $112,000 (roughly Rs. 99.3 lakh) with around $1.65 billion (roughly Rs. 14,641 crore) in recent liquidations, revealing bullish overexposure and forcing traders to reassess positions. Ethereum may show signs of resilience after climbing on optimism linked to the AI settlement, although futures positioning still points to caution. […] The market is closely watching whether Ethereum can rebound meaningfully and whether Bitcoin can stabilize within this range,” said Avinash Shekhar, Co-Founder & CEO of Pi42, as the market has entered a clear consolidation phase.

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Emphasising Bitcoin's immediate trading levels, Mudrex CEO Edul Patel said, “Bitcoin is trading range-bound between $112,000 (roughly Rs. 99.3 lakh) and $113,000 (roughly Rs. 1 crore) as the market looks for hints on further rate cuts. While Powell's speech was slightly hawkish, the core PCE data on Friday could decide the market sentiment going ahead. […] At the same time, ‘buy the dip' mentions on social media spiked recently, suggesting that fresh liquidity could enter the market.”

The CoinSwitch Markets Desk observed the macro front and said, “The Fed Chair's comments yesterday signaled a clear tilt toward prioritising labour market stability over aggressive inflation control. Markets have responded by pricing in more rate cuts for this year. That dovish shift could prove supportive for risk assets like Bitcoin, particularly if upcoming U.S. data continues to show signs of weakness.”

For now, traders remain focused on Powell's next comments and Friday's inflation data for further cues. A breakout above $117,000 (roughly Rs. 1.03 crore) could fuel upside momentum, while a slide below $110,000 (roughly Rs. 97 lakh) risks extending the downside further.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Bitcoin, Ether, Cryptocurrency, Crypto market in India

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More