Bitcoin price has reclaimed the $117,000 mark, a milestone highlighted by Tether CEO Paolo Ardoino that signals technical and psychological strength; ETF inflows and low exchange reserves underpin this move, though traders should monitor Fed policy and liquidity for confirmation.
Tether CEO flags $117,000 as a key level for Bitcoin price.
ETF inflows ($292.27M daily) and low exchange reserves are supporting BTC momentum.
Tether (USDT) market cap ~$171B and 92,646.2 BTC holdings (~$10.76B) increase the significance of corporate signals.
Bitcoin price hits $117,000 as Tether CEO signals market significance. Read latest BTC updates, ETF inflows, reserves data, and expert context — stay informed.
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Published: 2025-09-17 | Updated: 2025-09-17 | Author: COINOTAG
Paolo Ardoino, CEO of Tether, finally spoke up about Bitcoin’s price — something he rarely does. His message was not a price prediction; Ardoino simply welcomed Bitcoin back at $117,000. That short acknowledgment carries weight because of who said it, not because it forecasts future moves.
The backdrop matters. Earlier this month the main cryptocurrency fell below $110,000 after a weak August. Since then, Bitcoin (BTC) has climbed more than $7,000, touching $117,272 today before easing to around $116,200 ahead of the Federal Reserve rate decision.
USDT sits at a roughly $171 billion market cap and remains the dominant trading pair across exchanges. Tether itself holds 92,646.2 BTC — equivalent to about $10.76 billion — which makes the company one of the largest direct corporate holders of Bitcoin. When the CEO highlights a price point, the market treats it as a marker worth tracking.
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Bitcoin price gaining recognition from Tether’s CEO means a psychological and technical level has been acknowledged by a major market participant. This does not constitute investment advice, but such commentary can increase market attention and short-term volatility while reinforcing the $117,000 level as a reference point for traders.
$117,000 is significant because it combines technical resistance turned support and external liquidity signals. Recent data show $292.27 million in ETF inflows for the last day and continued low exchange reserves, which together support supply-demand dynamics. Tether’s large USDT market cap and its Bitcoin holdings add an extra layer of market attention when the firm’s leadership comments on price levels.
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