Bitcoin Slips Below $114,500 as Post-FOMC Hype Fades

 Bitcoin Slips Below $114,500 as Post-FOMC Hype Fades

Bitcoin entered a correction phase on September 21, falling below $114,500 as excitement surrounding the U.S. Federal Reserve’s latest policy meeting began to cool. In the days leading up to the FOMC decision, Bitcoin had surged on speculation that rate cuts would inject fresh liquidity into risk assets. However, once the cut materialized, the rally quickly lost steam. 

Traders noted a wave of profit-taking as prices retreated from intraday highs. This is a common pattern: “buy the rumor, sell the news.” The Fed’s quarter-point rate cut was already widely priced in, leaving little fuel for a sustained breakout. As a result, Bitcoin dipped, dragging broader crypto markets slightly lower as well.

Despite the pullback, sentiment remains cautiously optimistic. Analysts suggest that the mid-term outlook is still strong, with the Fed likely to deliver additional cuts in the months ahead. Lower borrowing costs typically push investors toward higher-yielding or alternative assets like cryptocurrencies.

Market participants are now watching key support levels around $113,000–114,000. If Bitcoin holds, consolidation could pave the way for another attempt at breaking resistance near $117,000. But if support gives way, a deeper retracement toward $110,000 is possible.

In short: the post-FOMC rally may have fizzled, but the bigger story—an easier monetary environment—continues to support the bullish thesis for Bitcoin.