Bitcoin, essentially the most in-demand cryptocurrency on the planet, has been struggling to discover a balanced market momentum for the previous few weeks. In the intervening time, the coin is buying and selling beneath $110,000 value level, and it displayed a bullish momentum for a brief time period, solely to fall additional by 0.15%. The present “Pink September” saga was extremely influential on BTC, and it pushed the token additional right down to its all-time low in a couple of weeks. The token is slowly regaining its market momentum and making an attempt to determine dominance earlier than the constructive “Uptober” development subsequent month.
Bitcoin Might Attain $200,000,” Says Galaxy Digital CEO Mike Novogratz
The entire cryptocurrency market is experiencing a pullback, together with the distinguished currencies like Bitcoin, Ethereum, and XRP. Mike Novogratz, the CEO of Galaxy Digital, made a daring assertion about Bitcoin amid its present bearish motion and downtrend out there. In an interview with Kyle Chasse, Mike Novogratz made an announcement that Bitcoin may hit the $200,000 value level if a dovish Fed chair is appointed and adopts an aggressively dovish financial coverage.
In response to him, the subsequent part of Bitcoin may depend upon the Fed chair appointment and the financial coverage they’re going to undertake. He said that the choice of Fed chair could be the most important bull catalyst for Bitcoin and the remainder of crypto. The analysts and administrative specialists imagine that his daring assertion revolving across the Fed chair might be the doable appointment of a dovish candidate to switch Jerome Powell. He strongly believes that the potential aggressive rate of interest lower insurance policies from Jerome Powell’s alternative may take BTC into the subsequent degree. He additionally added that the situation of aggressive charge slicing could be helpful for crypto on the identical time, it might come at a sheer value. He requested if he wished it to occur and said no, explaining that it was as a result of he form of cherished America.
Novogratz claimed that the markets didn’t totally react till Donald Trump made his official determination on the Fed management. He stated that it was priced in that he was going to select any individual dovey, however nobody was fairly certain. On the finish of the day, Donald Trump shortlisted Kevin Hassett, White Home financial adviser, Christopher Waller, Fed Governor, and Kevin Warsh, former Fed Governor. Trump formally confirmed and instructed reporters on the Oval Workplace on Sept. 6 that they may say these have been the highest three.
Bitcoin Worth Prediction: Will BTC Actually Hit $200,000?
In the intervening time, Bitcoin, the most important and most precious cryptocurrency on the planet, trades at $109,336.13, which is 0.19% increased than its earlier day’s worth. CoinCodex, one of the vital reliable crypto value monitoring websites, reported that Bitcoin reached its highest value on August 14, 2025, when it was buying and selling at its all-time excessive of $124,171, whereas Bitcoin’s lowest value had been recorded on July 17, 2010, when it was buying and selling at its all-time low of $0.05. Additionally they famous that the bottom value since its ATH was $107,304 (cycle low).
BTC is slowly regaining the market dominance that it had misplaced through the so-called “September Curse”. The digital asset has been buying and selling with a 24-hour buying and selling quantity of $ 55.96 billion market cap of $ 2.18T, and a market dominance of 57.75%. BTC value elevated 0.28% within the final 24 hours.
By analyzing the historic value information of BTC, the digital token hitting the $200,000 value level may develop into true sooner or later, if the market circumstances and regulatory environments favor it. Prime analysts within the crypto sphere opine that different prime forecasters additionally share bullish Bitcoin value targets for 2025 close to or above $200,000, supported by technical charts, cycle evaluation, and rising adoption. They point out that the consensus alerts that Bitcoin’s value may attain new all-time highs earlier than the tip of 2025, particularly if macro circumstances align with dovish Fed insurance policies. October has all the time been sort to Bitcoin, so Bitcoin’s value rally may attain an unprecedented level when the “Uptober” development happens.
Disclaimer: Bitcoin’s value can rise or fall sharply briefly durations, pushed by market demand, regulation, technological developments, and macroeconomic occasions.
