
Bitcoin Rangebound but Momentum is Building Up, Metrics Hit Record Highs
Bitcoin is holding steady near $116K as momentum builds, supported by record ETF inflows and network strength.
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Bitcoin is holding steady near $116K as momentum builds, supported by record ETF inflows and network strength.
With economists expecting a 25 bps rate cut, the coming weeks could decide whether Bitcoin’s momentum carries higher or stalls into another correction.
Gold reached its highest inflation-adjusted price since the 1980s at over $3,610 per ounce, while Bitcoin trades around $114,600. Both assets are gaining from expectations of Federal Reserve interest rate cuts and ongoing inflation concerns.
In the last 24 hours alone, Bitcoin Hyper (HYPER) has raised more than $200,000 in its presale, pushing total funding past $15 million.
South Korea’s Kospi index has reached a new record, a historical indicator that has previously coincided with the end of Bitcoin’s bull markets.
Bitcoin miners have chosen a structural shift from past patterns and are now accumulating Bitcoin for the long term.
Robin Energy Ltd. executed its initial $5 million Bitcoin treasury allocation through Anchorage Digital Bank, causing shares to surge nearly 100% intraday.
With one week until the Fed’s September 17 meeting, prediction markets now show a 15% chance of a 50 basis-point rate cut instead of the expected 25 bps reduction.
Kyrgyzstan’s Parliament has moved forward with legislation that would create a state cryptocurrency reserve and establish comprehensive digital asset regulations. The bill expands presidential powers over virtual asset oversight while introducing regulatory sandboxes for fintech testing.
Bitcoin (BTC) has been clinging to the $111,000 level for some time as investors wait for U.S. Consumer Price Index (CPI) numbers on Thursday.
Asset Entities merger with Strive sets the stage for a $1.5 billion Bitcoin purchase, while Fed’s expected rate cut could bring massive inflows.
Bitcoin has entered what analysts describe as a mature bull phase with long-term holder selling patterns and institutional demand extending the cycle.
ETH/BTC pair shows golden cross formation with 20-week EMA crossing above 50-week EMA, mirroring the 2020 pattern that preceded Ethereum’s massive outperformance against Bitcoin.
Institutional Bitcoin (BTC) demand has weakened through August as firms grow more cautious with their allocations.
Bitcoin mining difficulty has climbed to an ATH of 136 trillion, putting pressure on mining profitability.