$BTC Holds Near $122K as Fed Signals Two More #RateCuts


$BTC stabilized around $122,000 on Thursday as traders evaluated #FederalReserve minutes indicating officials see room for additional easing this year. The largest #cryptocurrency by market capitalization traded between $121,000 and $124,000 following recent highs.


Minutes from the Fed's September meeting showed policymakers broadly supporting further reductions, with roughly half favoring two more cuts before year-end. The update strengthened expectations for easier financial conditions in the fourth quarter.


Tim Misir, head of research at BRN, stated that the global liquidity cycle is clearly turning. Central banks are transitioning from tightening to easing, with rate markets pricing 90% odds of a #Fed cut in October and another in December, he noted.


Markets are experiencing synchronized softening across global funding conditions, which historically fuels risk-asset surges and Bitcoin bull cycles, Misir added.


U.S. spot $BTC #ETFs logged one of their biggest single-day inflows earlier this week at $1.19 billion on Monday as prices reached fresh highs. Net creations continued in subsequent sessions. On Wednesday, spot $BTC ETFs recorded $441 million in net inflows, marking their eighth consecutive day of gains.

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October 09, 2025 at 6:53 PM
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