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Bitcoin Price Rebounds to $112,000 as US Fed Chair’s Comments Spark Hope of Rate Cuts

Bitcoin Price Rebounds to $112,000 as US Fed Chair’s Comments Spark Hope of Rate Cuts

Crypto markets are steadying after the US Federal Reserve Chair’s comments assisted in stabilising broader risk assets.

Written by Rahul Dhingra, Edited by David Delima | Updated: 15 October 2025 12:20 IST

Bitcoin Price Rebounds to $112,000 as US Fed Chair’s Comments Spark Hope of Rate Cuts

Photo Credit: Unsplash/Kanchanara

Analysts say the recent pullback may strengthen market structure as leverage resets

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Highlights

Investors weigh Powell’s dovish hints amid volatile trading week
Altcoins consolidate as leverage and liquidity pressures ease
Over 210,000 traders liquidated in 24 hours during the recent correction

After briefly slipping below the $110,000 (roughly Rs. 97 lakh), Bitcoin rebounded to trade around $112,500 (roughly Rs. 99.4 lakh) on Wednesday as investor sentiment improved following US Federal Reserve Chair Jerome Powell's dovish comments hinting at a possible rate cut in the coming months. Powell also issued a warning that trade policies and tariffs might increase inflation. Even as traders processed residual volatility and ETF outflows, the comments assisted in stabilising broader risk assets. Ethereum followed a similar trajectory, trading around $4,100 (roughly Rs. 3.6 lakh). Bitcoin trades near Rs. 99.4 lakh, while Ethereum hovered around Rs. 3.6 lakh on Indian exchanges, as per the Gadgets 360 price tracker.

Altcoins Consolidate as Market Stabilises After Pullback

Other top altcoins traded in narrow ranges as the market digested recent volatility. Binance Coin (BNB) stood at $1,205 (roughly Rs. 1.06 lakh), while XRP hovered near $2.50 (roughly Rs. 220). Solana (SOL) traded around $204 (roughly Rs. 18,000), and Dogecoin (DOGE) stood at $0.20 (roughly Rs. 17.70).

Avinash Shekhar, Co-Founder and CEO of Pi42, noted that the recent wave of liquidations underlines how sensitive the crypto market remains. “The recent market pullback highlights how fragile crypto sentiment remains, with over 210,000 traders liquidated within 24 hours. Such large-scale liquidations often create a ripple effect, intensifying short-term volatility across Bitcoin and major altcoins.”

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The CoinSwitch Markets Desk said that escalating US-China trade tensions and new port fees have added to market caution. “The crypto market saw a mild pullback as escalating U.S.–China tensions weighed on risk sentiment [...] Recent leverage unwinds have added to short-term volatility but may also be resetting market positioning for healthier accumulation. Cautious, low-leverage positioning remains prudent until clearer macro signals emerge.”

Edul Patel, CEO of Mudrex, said that Powell's comments have provided a mild boost to optimism even as traders remain cautious. “Powell's comments boosted optimism, helping BTC maintain upward momentum despite ETF outflows and renewed US-China tensions. Investors must keep an eye on any news regarding the Strategic Bitcoin Reserve as the US's Bitcoin holdings grow to $36 billion (roughly Rs. 3,18,000 crore) following the largest forfeiture in Department of Justice history.”

CoinDCX Research Team highlights that broader fundamentals remain resilient. “Aster leads the top gainers for the day with over a 2.7 percent rise, followed by Monero with 2.49 percent and Bittensor & Zcash with over 1 percent each. On the other hand, Artificial Superintelligence Alliance drops by over 14.23 percent, followed by SPX6900 with over 10 percent and MYX Finance with 9.33 percent,” the CoinDCX Research Team noted.

Analysts believe that the market's near-term trajectory will depend on the Fed's monetary stance and macro developments around trade. Market data indicate that traders are progressively realigning for a more extensive recovery in the coming weeks, despite increased volatility.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Crypto in India, Bitcoin, Ethereum

Rahul Dhingra

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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