Yes and no—Bitcoin has stabilized recently, but its reaction to impending rate cuts has been more muted than many anticipated.

Why is Bitcoin holding even amid rising expectations of Fed easing?

• Muted Market Reaction So Far
  Despite a surge in expectations for a September Federal Reserve rate cut, Bitcoin has largely traded in the $110k–$113k range. On September 8, it hovered around $111,100, showing only minor upticks (~0.3%) despite macro signals.Investing.comCoinDeskWEEX
• “Already Priced In” Effect
  Many analysts suggest the anticipated rate cut has already been factored into the price—meaning there’s little new upside ahead of the actual announcement. Institutions are also taking profits, and ETF inflows remain subdued, limiting fresh momentum.WEEXBeInCrypto
• Technical Resistance and Bearish Indicators
  Bitcoin’s recent rally formed a “double-top” around $113k—a classic bearish technical pattern. It has since dropped below the neckline (~$111,982), keeping downward pressure intact. Support lies near $101,700 (200-day moving average).

• In past cycles, like March 2020, rate cuts brought extreme volatility: Bitcoin initially fell (~39%) before rebounding strongly.CoinLedger
• In July 2025, dovish signals led Bitcoin to spike near $112k.The Economic Times
• At the Jackson Hole Symposium (August 2025), Powell’s hint of rate cuts lifted Bitcoin to roughly $117k–$124k—but mixed data and investor uncertainty ended that momentum.Barron’s+1InvestopediaMarketWatch

Bottom Line

Bitcoin has indeed held steady amid expectations of Fed cuts—but it’s due more to the market having already priced in easing, combined with lackluster ETF flows and technical hesitations, than to a fresh wave of bullish momentum.

Expectations remain high, but whether Bitcoin can break out of its current range will depend on:

• Actual Fed decisions and how markets interpret them
• Upcoming inflation data (CPI, PPI)
• Institutional flows and shifting investor sentiment