Bitcoin crossed $117,000 in the past 24 hours, posting gains even as global equity markets swung sharply following the Federal Reserve’s latest rate cute.
While stocks struggled to find direction, BTC managed to hold steady, supported by renewed inflows into crypto investment products.
Bitcoin ETF Inflows Rise
The Federal Open Market Committee announced a 25 bps rate cut, which, on paper, is positive for digital assets. However, traditional markets saw the move as a signal of weakening economic conditions, with indexes spiking and then falling in volatile sessions.
Sponsored
Sponsored
Bitcoin, however, maintained momentum, thanks largely to institutional support. ETF inflows were strong throughout the week, except on September 17 when the FOMC decision had yet to be released. Investors appeared unfazed by macro turbulence, betting that Bitcoin’s trajectory would remain positive despite broader financial market concerns.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
On-chain signals suggest that not every participant shares the same optimism. New Address Momentum has contracted in recent days, reflecting hesitation from retail investors. Fewer fresh entries into the market highlight concerns about potential saturation or an impending reversal.
That said, long-term participants and institutional investors remain consistent in their activity, helping BTC hold its price strength. While retail hesitation can limit growth speed, Bitcoin’s resilience is underscored by its ability to diverge from stock markets when Go to Source to See Full Article
Author: Aaryamann Shrivastava
