• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Why Bitcoin just hit $115k two-week high

Olumide Adesina by Olumide Adesina
September 12, 2025
in Cryptos, Markets
Bitcoin
Share on FacebookShare on TwitterShare on Linkedin

Bitcoin was up on Friday, trading above $115,000 after gaining significantly over the previous day.

According to Glassnode, several technical and on-chain indicators suggest that the Bitcoin market is “advancing on firmer footing” toward higher levels.

Weak spot demand and declining ETF inflows have hampered Bitcoin’s ability to achieve a long-term recovery.

RelatedStories

Bitcoin investors record losses of over $7 billion in recent market sell-off

Bitcoin surges to all-time high, crosses $125K 

October 5, 2025
IMF flags cross-border crypto risks for Nigeria as global market surges 1,511% in five years 

How Crypto for wealth preservation in Nigeria works 

September 30, 2025

In its most recent Week Onchain report, Glassnode stated that “attention now shifts to derivatives markets, which often set the tone when spot flows weaken.’  

Options open interest (OI) increased 26%, rising from $43 billion in September to $54.6 billion, an all-time high.

Why Bitcoin price is rising 

The rise in Bitcoin’s price may be driven by growing investor interest in the derivatives market. Keep in mind that Bitcoin reached new all-time highs above $124,500 while options OI hit its previous record in mid-August. There are several reasons for Bitcoin’s popularity.

Net flows into Bitcoin spot ETFs have been positive since early September. Institutional demand is driven by daily net inflows, which serve as a liquidity floor and help absorb sales. As analysts expected, the macroeconomic environment also impacts Bitcoin’s value.

US inflation increased by 2.9 percent year over year in August, which has led the Federal Reserve to be less likely to tighten monetary policy further, encouraging riskier assets like cryptocurrencies.

Historically, strong surges have often followed prolonged periods of consolidation just below key resistance levels. The market remembers the $30,000 breakout in 2023 and the $69,000 breakout in 2024.

These thresholds triggered rapid upward moves after weeks of hesitation. However, the opposite scenario remains possible. A rejection near $115,000 could lead to quick profit-taking and a drop back below $112,000.

The pioneer crypto asset previously attempted to break through the critical $113,000 support but was immediately rejected each time.

Bitcoin challenged that level again as bulls started another rally on the last day. This time, however, the asset’s success was much greater, eventually surpassing that threshold. It continued to climb, reaching a 17-day high of $115K earlier this morning.

BTC bears will try to fight the $115,000 mark and push the price lower. The 50-day simple moving average (SMA) is near $114,500, which is a key area of interest.

According to the CryptoQuant Bull Score Index, eight of ten signals are flashing bearishly for Bitcoin. “Technical signal” and “Bitcoin demand growth” are the only two of the Bull Score Index’s ten components that are still positive.

The market cycle indicator, profit/loss index, stablecoin liquidity, and MVRV-Z Score have all moved into the “red zone.”

US releases August consumer price index

In line with expectations, the United States released its August consumer price index (CPI) data on September 11.

Unexpectedly, 263,000 unemployment claims—as opposed to the projected 235,000—reached a record high since October 2021. The confidence of market participants in a monetary policy easing by the Federal Reserve was further reinforced by growing concerns about labor market weakness.

According to Mike Novogratz, CEO of asset manager Galaxy Digital, there may be an upswing later this year; however, Bitcoin has probably been trading sideways as businesses focus on stacking altcoins. Bitcoin is currently undergoing consolidation. In an episode of CNBC’s Squawk Box on Thursday, Novogratz stated, “In part because you’re seeing a lot of these treasury companies in other coins take their shot.”  

In addition to the ongoing positive developments in the space, such as Securities and Exchange Commission Chair Paul Atkins discussing updating securities regulations to help move markets on-chain, Novogratz said a Bitcoin surge could return as the US Federal Reserve begins its “cutting cycle.”

The CEO of Galaxy Digital cited the Nasdaq stock market operator’s Monday rule change filing with the SEC to permit tokenized versions of listed stocks and exchange-traded funds.


Follow us for Breaking News and Market Intelligence.
Tags: Bitcoin priceCryptocurrency
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin investors record losses of over $7 billion in recent market sell-off
Cryptos

Bitcoin surges to all-time high, crosses $125K 

October 5, 2025
IMF flags cross-border crypto risks for Nigeria as global market surges 1,511% in five years 
Op-Eds

How Crypto for wealth preservation in Nigeria works 

September 30, 2025
Bitcoin symbol with red arrow indicating price drop.
Cryptos

Bitcoin dips as U.S inflation jitters and tech stock sell-off intensify

August 20, 2025
Ethereum gains 3.8% as SEC drops its investigation on status of asset 
Cryptos

Standard Chartered: Ethereum’s treasury adoption sparks investment optimism

August 7, 2025
Ripple
Cryptos

Ripple’s XRP braces for potential market downturn   

July 30, 2025
Ethereum, Crypto
Cryptos

Ethereum’s momentum builds, price eyes $4K milestone   

July 28, 2025
Next Post
Lagos to earn additional $1 billion forex inflows annually 

Single-Use-Plastic ban: Lagos goes after traders in Victoria Island, Lekki, Idumota, Oshodi and other markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
arco
access bank
nairametrics
first bank









DUNS

Recent News

  • Stellar Steel to invest $450 million in Ogun, operations to start by mid-2026 
  • FG releases N32.9 billion to primary healthcare facilities across Nigeria 
  • FCCPC: Registered loan apps surge to 492 amid N100 million penalty rule 

Follow us on social media:

Recent News

Stellar Steel to invest $450 million in Ogun, operations to start by mid-2026 

Stellar Steel to invest $450 million in Ogun, operations to start by mid-2026 

October 23, 2025
FG debunks viral claim on free ‘revolutionary diabetes drug’ distribution 

FG releases N32.9 billion to primary healthcare facilities across Nigeria 

October 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics