Bitcoin Soars Past $117K Milestone As Economic Data Signals Growth Slowdown

Bitcoin rockets past $117,000 threshold while economic indicators flash warning signs

Economic Headwinds Meet Crypto Tailwinds

Fresh economic data reveals weakening growth patterns—just as Bitcoin stages another spectacular rally. The digital asset smashed through the $117,000 barrier, defying traditional market concerns about slowing expansion.

Numbers Don't Lie

The cryptocurrency's surge to $117,000 marks another milestone in its relentless upward trajectory. Economic reports continue showing sluggish growth metrics, yet Bitcoin charges ahead—proving once again that digital assets dance to their own rhythm.

Wall Street analysts scramble to explain how weakening fundamentals coincide with Bitcoin's strength. Meanwhile, crypto veterans shrug—they've seen this movie before, where traditional finance misses the plot while digital assets rewrite the script.

Another day, another disconnect between economic reality and crypto performance. Maybe the old financial models need more than just a software update.

October starts strong

September has typically been a treacherous month for crypto, but little-noticed in the poor investor sentiment of late was bitcoin having one of its best Septembers in many years, gaining about 6% for the month.

In the final two days of September, the spot bitcoin ETFs gathered $950 million of inflows, more than reversing the $900 million of outflows the previous week.

"The next quarter is likely to see the start of the crypto bull market," said Noelle Acheson, author of the Crypto Is Macro Now newsletter. Her outlook is driven by incoming macro tailwinds in the FORM of interest rate easing and other potential policy support such as yield curve control being in the cards to keep markets steady if the global economy turns sour.

That environment should be positive for altcoins, too, she said, with new spot ETFs likely coming to market, turning investor attention to the sector. "The coming quarter should bring the kickoff of 'alt-season', as attention starts to turn away from the 'majors' (BTC and ETH) and towards smaller, more volatile tokens."