Bitcoin (BTC) has reached a new historic maximum by exceeding $125,000, driven primarily by strong investments from bags cited in the Stock Market (ETF) operating on Wall Street.
These funds They registered a net ticket for $32.4 million last weekmarks the second largest weekly entry since its release in January 2024.
The graphics provided by Sosovalue show how capital flows have come and go from Bitcoin ETFs per week since launch.
Furthermore, the macroeconomic context also contributed to the rise. The US government closure creates uncertainty, Increased demand for Bitcoin as a safe evacuation asset against instability.
Meanwhile, market expectations regarding monetary policy also played an important role. Investors are anticipating a new cut in interest rates by the Federal Reserve, with the next meeting scheduled for October 29th, according to the CME Group FedWatch tool. The chances of the rate continuing to decline are 99%.
On September 17th, the Fed should note that, as reported by Cryptonotics, it cut its interest rates for the first time in a year from 4.25% to 4%. This adjustment marked the beginning of a period of financial flexibility that favored assets such as Bitcoin.
Fees cuts reduce credit costs and inject liquidity into the market. A portion of this capital flows to Bitcoin, the largest digital asset.and towards cryptocurrencies, actions considered “risk”, and assets.
Finally, October has proven to be a historically advantageous month for Bitcoin. Since 2013, Ramoneda has been actively closed 10 times this month, with only two negative closures in 2014 and 2018, reinforcing current optimism in the market.
(tagstotranslate)bitcoin(btc)
