Bitcoin News Today: September's Crypto Rally: A Macro Shift Fuels Bullish Bets

Bitcoin, Solana, and MAGACOIN FINANCE have emerged as notable performers in the cryptocurrency market during September, with analysts highlighting their roles amid a broader market rebound. Bitcoin (BTC) has regained momentum, trading above $111,000 for the first time since late last week, according to CoinGecko. The leading cryptocurrency has seen a slight weekly gain of 1%, while Solana (SOL) has surged more than 7% in the same period [1]. XRP also participated in the upward trend, reflecting broader optimism among investors. The resurgence has been attributed to a combination of macroeconomic improvements, on-chain data, and the market’s anticipation of the Federal Reserve’s upcoming rate cut [1].

The crypto market’s shift from a sustained downtrend since mid-August is being driven by several factors. A weaker U.S. dollar has encouraged risk-on sentiment, prompting increased capital flows into non-yielding assets like cryptocurrencies. Bitget chief analyst Ryan Lee noted that the market is increasingly factoring in the likelihood of a 25-basis-point rate cut by the Fed in September 2025, which reduces the opportunity cost of holding crypto assets [1]. This expectation is supported by the CME’s FedWatch tool, which currently shows a 91.8% probability of a rate cut on September 17 [1].

On-chain metrics further reinforce the bullish narrative. Bitcoin exchange reserves have been declining, and Bitcoin’s dominance—its share of the total crypto market cap—has been decreasing, indicating a shift in investor behavior. Notably, Satoshi-era whales have been accumulating Ethereum, suggesting a diversification of risk. Additionally, net taker volume has turned positive, which DarkFost, a verified analyst at CryptoQuant, interprets as a sign of short-term upside bias [1]. The rise in open interest for Bitcoin has also crossed a negative threshold, indicating position liquidation that historically correlates with upward movement [1].

Market conviction is also being fueled by real-world activity. Metaplanet recently acquired 1,009 BTC, an example of data-backed positioning rather than speculative frenzy. Derek Lim, head of research at Caladan, emphasized that this kind of conviction-driven behavior is more sustainable than speculative excess [1]. However, he issued a cautionary note: while the market is reacting to futures pricing, it may not fully grasp the nuances of the Fed’s decision-making process. The Nonfarm Payrolls report, due this Friday, will serve as a critical test of the market’s current optimism [1].

If the jobs report falls within the range of 90K to 120K, it could confirm a cooling labor market and further solidify expectations for a rate cut, potentially propelling Bitcoin higher. Such a scenario would validate the current bullish sentiment and reinforce confidence in the broader market. For now, Solana and other altcoins continue to benefit from this environment, with Bitcoin and XRP leading the charge. The interplay between macroeconomic signals, on-chain data, and real-world activity suggests that September may be a pivotal month for the cryptocurrency market [1].

Source: [1] Bitcoin, XRP and Solana Bounce Back: Here's What's Going On (https://finance.yahoo.com/news/bitcoin-xrp-solana-bounce-back-143252040.html)