Bitcoin Shatters $114K Barrier as ETF Inflows Surge to 8-Week Peak
Bitcoin just bulldozed through the $114,000 mark—ETF inflows hit their highest in two months, proving once again that traditional finance can't resist chasing crypto's momentum.
The Surge Nobody Saw Coming
ETF inflows skyrocketed to an 8-week high, fueling Bitcoin's relentless climb past $114K. Institutions are piling in, desperate not to miss the ride—because who needs balanced portfolios when digital gold's on a tear?
Wall Street's FOMO Moment
Traditional investors are finally waking up, dumping stale assets for a piece of the crypto action. Guess those 'risky bubble' warnings didn't age well—turns out betting against Bitcoin was the real risk all along.
Where's the Ceiling?
With momentum like this, who's even asking? $114K is just another milestone on the path to rewriting global finance. Banks are sweating; hodlers are laughing. Same as it ever was.
Fed rate decision looms
Worsening jobs data releases over July and August have put the Fed under pressure to cut interest rates. Core inflation, however, has hovered above 3%, which conflicts with the central bank’s dual mandate.
Investors, as a result, are expecting the Fed to stimulate the economy with a larger-than-anticipated rate cut.
With a quarter-point rate cut all but factored in, investors could be speculating on a half-point rate cut, which could be driving Bitcoin’s ETF inflows, said Stephen Gregory, founder of crypto trading platform Vtrader, in another Decrypt report.
CME’s FedWatch tool shows 92% odds of a 25 basis point rate cut and an 8% chance of a 50 basis point rate cut. Users of Myriad, a prediction market launched by Decrypt’s parent company DASTAN, put an 80% chance on the Fed cutting interest rates by 25bps.
