The money is in place, just two words tonight, spend #BTC#

Dynamic Update:

#BTC Reserve Market Impact# #XRP ETF Goes Live# #Fed Cuts Rates By 25 Bps# Cryptocurrencies today: Bitcoin, Ethereum, and XRP look to the next rise as risk sentiment grows: - The price of Bitcoin rose above $117,000 after the Federal Reserve's decision on interest rates and optimistic chart forecasts. - The price of Ethereum has stabilized at around $4600 despite minor outflows from exchange-traded funds. - XRP bulls regain control of the direction, targeting a breakout towards the all-time high of $3.66. The price of Bitcoin (BTC) rose above the $117,000 level on Thursday, supported by increasing optimism in the cryptocurrency market overall. This rise in Bitcoin's price is accompanied by steady increases in the prices of alternative currencies, with Ethereum (ETH) and Ripple (XRP) poised for a short-term breakout towards their all-time highs. Market Overview: Cryptocurrency markets are recovering thanks to improved market sentiment. It was widely expected that the U.S. Federal Reserve would cut interest rates by 25 basis points on Wednesday, but what caught the attention of investors was the dot plot, which showed that most policymakers at the Federal Reserve expect to cut interest rates in all remaining meetings of the year. The reduction of the interest rate by 25 basis points has raised the benchmark interest rate to a new range between 4.00% and 4.25%, a decision that was approved by 11 out of 12 members of the Federal Open Market Committee, indicating a softer labor market, a higher unemployment rate, and persistent inflation. Participants in the cryptocurrency market welcomed the decision to lower interest rates, fueling speculation on riskier assets. Wednesday's decision paved the way for two additional interest rate cuts this year. - Today's plan: Bitcoin aims to break the $120,000 level: The price of Bitcoin has settled above the $117,000 level, supported by strong risk sentiment as investors prepare for the potential impact of upcoming interest rate cuts on riskier assets. The recovery of the Relative Strength Index (RSI) to 61 from its lowest level of 37 on August 31 indicates increasing bullish momentum. Higher readings of the Relative Strength Index, approaching the overbought territory, would support the stability of risk appetite, increasing the chances of Bitcoin's price surpassing the $120,000 mark. Traders will look for a buy signal from the SuperTrend indicator to confirm BTC's ability to maintain its bullish trend, targeting its all-time high of $124,474 reached on August 14. However, if investors take early profits, attention may shift to initial support levels such as the 50-day exponential moving average at $113,804 and the 100-day exponential moving average at $111,613. Attached is the daily chart for the BTC/USDT pair.