The cryptocurrency market shows positive signals amid economic expectations. Investors continue to monitor changes that may occur in the coming months.
Expectations of Fed Rate Cuts
Following the release of economic data in the US, traders are anticipating nearly a 90% chance of rate cuts in September, with further easing expected through early 2026. This creates a favorable environment for the growth of risk assets, including cryptocurrencies.
Technical Analysis of Bitcoin
Bitcoin continues to trade in a range between $113,000 and $114,500, referred to as a 'bullish gate.' A daily close above this range could lead to a test of the $118,000 level, while support remains strong between $109,000 and $107,000.
Impact of Institutional Flows
ETF activity remains a key driver. On September 10, Bitcoin funds attracted $757 million in net inflows, while ether ETFs added another $172 million. Analysts believe that renewed institutional interest, combined with a supportive macro backdrop, could accelerate the next phase of growth for cryptocurrencies.
With a growing market sentiment and positive expectations from the Fed, Bitcoin and other digital assets may continue their upward trajectory in the coming months.
