Bitcoin Surges Past $11K as Powell’s Dovish Stance Fuels Rate Cut Hopes

Federal Reserve Chair Jerome Powell's recent dovish remarks have catalyzed a significant Bitcoin rally, with the cryptocurrency breaking past the $11,000 mark. Speaking at the National Association for Business Economics meeting, Powell emphasized growing risks in the U.S. labor market, hinting at potential further rate cuts. This sentiment aligns with the Federal Open Market Committee's September minutes, which already reflected concerns over softening employment, bolstering expectations for monetary policy easing. The market's reaction underscores Bitcoin's growing sensitivity to macroeconomic signals, particularly those influencing liquidity conditions. As institutional and retail investors alike interpret Powell's comments as a green light for risk assets, Bitcoin's upward trajectory appears poised to continue in the near term. This development marks another milestone in Bitcoin's evolution as a barometer for global financial sentiment and a hedge against fiat currency debasement.

Jerome Powell’s Dovish Shift Sparks Bitcoin Rally Amid Fed Rate Cut Expectations

Federal Reserve Chair Jerome Powell's dovish remarks at the National Association for Business Economics meeting have ignited a Bitcoin rally. Powell highlighted rising risks in the U.S. labor market, signaling potential further rate cuts. The Federal Open Market Committee's September minutes already showed concerns over employment softening, reinforcing expectations of policy easing.

Bitcoin surged past $112,000 following Powell's comments, recovering from earlier lows tied to U.S.-China trade tensions. The Fed chair also suggested a possible halt to balance sheet reductions, marking a broader shift toward monetary accommodation. Market participants are now pricing in an October rate cut, with crypto assets benefiting from renewed liquidity expectations.

Economist Peter Schiff Dismisses Bitcoin Recovery as 'Dead Cat Bounce' Amid Gold's Rally

Bitcoin's recent price recovery faces skepticism as economist Peter Schiff labels it a 'dead cat bounce.' The cryptocurrency plummeted to $101,000 over the weekend, erasing $19 billion in liquidations. Schiff contrasts Bitcoin's volatility with gold's steady climb to record highs above $4,050 and silver nearing $51.

Gold's resilience during market turbulence underscores its role as a store of value, Schiff argues. Meanwhile, Bitcoin's rebound appears driven by short-term traders capitalizing on volatility rather than sustained demand. By Monday, Gold extended gains to $4,080, with silver reaching $51.60.

Bitcoin Nears $111K as Elon Musk Endorses BTC, Metaplanet's $3.5B Bet Faces Market Test

Bitcoin's resurgence dominates market discussions as Elon Musk reaffirms his support, labeling the cryptocurrency "energy-based" and "inflation-proof." His comments come amid IMF warnings about escalating global market risks and a sharp valuation decline for Japan's Metaplanet, despite its $3.5 billion bitcoin holdings.

Technical indicators suggest Bitcoin is stabilizing NEAR $111,000, with a triple-bottom pattern signaling potential upside toward $130,000. Institutional demand appears to be strengthening, reinforcing BTC's position as a hedge against inflation and its growing relevance in an AI-driven economy.

Musk's remarks mark his most explicit Bitcoin endorsement in nearly three years, drawing a sharp contrast between BTC's proof-of-work model and what he calls "fake fiat" currencies. The Tesla CEO emphasized Bitcoin's resistance to arbitrary monetary expansion, a quality gaining attention as governments ramp up AI-related spending.

Quantum Computing Threat to Bitcoin Encryption Could Emerge Within 2-8 Years, Warns Charles Edwards

Capriole Investments founder Charles Edwards issued a stark warning at TOKEN2049 Singapore: Bitcoin's cryptographic foundations may face existential risk from quantum computing breakthroughs far sooner than the industry anticipates. A so-called "Q-Day"—when quantum machines can crack classical encryption—could arrive within two to eight years, potentially compromising Bitcoin's elliptic-curve cryptography before traditional RSA systems.

Edwards framed this as an urgent engineering challenge rather than theoretical speculation. He emphasized that once quantum supremacy over classical cryptography is achieved, every system relying on these primitives—including financial networks and sensitive data—would be vulnerable. The Bitcoin network's security model, built on public-private key pairs, WOULD require proactive upgrades to resist such attacks.

Short-Term Bitcoin Holders Move 46,524 BTC to Exchanges Amid Market Volatility

Bitcoin faces renewed pressure as short-term holders offload 46,524 BTC to exchanges, signaling a mix of profit-taking and capitulation. The cryptocurrency retested support near $110,000 after a turbulent weekend that liquidated Leveraged positions worth billions. Market participants remain cautious, weighing whether current levels will hold or trigger another sell-off.

Analyst Maartunn notes this exchange inflow marks one of the largest STH movements in weeks, indicating a potential market reset. The behavior typically absorbs selling pressure while setting the stage for stabilization. Bitcoin's ability to maintain this support zone could determine whether the market prepares for recovery or further downside.

The broader market appears directionless as traders digest these flows. Some observers detect resilience in BTC's ability to hold key levels despite the volatility. This rebalancing phase among short-term investors often precedes clearer trend formation, making the coming days critical for Bitcoin's next directional move.

GOP Bill Seeks to Cement Trump's Crypto Retirement Order Into Federal Law

Representative Troy Downing (R-Mont.) introduced the Retirement Investment Choice Act, a one-page bill designed to grant permanent legal force to Executive Order 14330—former President Trump's directive allowing cryptocurrency exposure in 401(k) plans. The MOVE could reshape the $25 trillion US retirement market by institutionalizing access to Bitcoin and other digital assets.

The bill follows Trump's August executive order instructing the Labor Department to permit "alternative assets" in retirement accounts when fiduciaries deem them appropriate. While executive orders lack statutory permanence, Downing's legislation aims to lock in the policy. "Alternative investments hold the transformative potential to supercharge Americans' financial security," Downing stated, praising Trump's leadership in financial democratization.

The Department of Labor now faces a 180-day deadline to propose rule changes enabling plan sponsors to include crypto assets. This development signals growing institutional acceptance of digital assets as legitimate retirement investment vehicles.