Bitcoin 
$110,896.21 It started the week with a strong rise. While the market is recovering with interest rate cut expectations, the tension in US-China relations maintains investors’ cautious stance. The largest cryptocurrency increased by 3.90 percent in the last 24 hours and reached $111,074.
Confidence Renewed in the Market with the Expectation of Interest Rate Cuts
Bitcoin gained strength on the first trading day of the week after spending the last four days below $110,000. Ethereum 
$4,042.11 While it rose by 3.6 percent to $4,060, BNB, XRP And solanaGains of 3.91 percent, 3.54 percent and 2.68 percent were seen, respectively. BTC Markets analyst Rachael Lucasstated that the recovery was achieved thanks to corporate inflows and the improvement in the macroeconomic outlook. According to Lucas, investors consider the latest sales wave as an opportunity to reposition.
US President Donald TrumpConcerns about Turkey’s new tariffs on China and the problematic loans of regional banks have caused fluctuations in the markets in recent weeks. However, investors are now pricing in the expectation of a possible interest rate cut in October and an early end to monetary tightening. CME Group FedWatch According to the broker, the probability that the Fed will reduce interest rates by 25 basis points at the next meeting is 98.9 percent.
Lucas said, “Powell’s statements revealed that although growth was stronger than expected, the labor market was weakening. This reduced bond yields and provided liquidity support to risky assets, including cryptocurrencies.”
$111,000 Threshold and China Risk in Bitcoin
CIO of Kronos Research Vincent LiuHe said $107,000 is a strong support and $110,000 is a key level. Liu emphasized that liquidations could accelerate if the price falls below the $107,000 level, while permanent purchases above $111,000 could re-strengthen the upward momentum. Lucas stated that the range between $111,700 and $115,500 is watched as a resistance zone, and a clear break above $111,000 could accelerate the upward movement by solving short-term squeezes.
Still, analysts point out that significant risks remain in the short term. It is stated that the Trump-Xi meeting, planned to be held at the end of the month, carries high risk and may create a new tension in US-China relations. For this reason, investors seem to continue to take cautious positions in light of global macro data and geopolitical developments.
