Investors poured $2.3 billion into Bitcoin ETFs over the past five days.The expectation that the Fed will cut interest rates is fuelling bullish bets.Analysts call for Bitcoin to hit a price as high as $250,000 before year-end.<\/p>\n
Expectations of a rally are mounting as crypto awaits a big Federal Reserve announcement on September 17. <\/p>\n
Markets see<\/a> an interest rate cut on Wednesday as all but certain, a move that will inject fresh liquidity into the global financial system. Lower borrowing costs historically launch risk assets such as crypto higher.<\/p>\n \u201cWe\u2019re only halfway through what could be a very powerful Q4 rally,\u201d Sean Dawson, head of research at Derive, said<\/a> in a note to investors. <\/p>\n That anticipation comes on the back of Bitcoin having fallen almost 8% since its $124,128 high in August.<\/p>\n Yet, Dawson dismissed fears that this cycle has peaked. <\/p>\n \u201cThe coming weeks could bring increased volatility and some short-term pain,\u201d he said, pointing to September\u2019s historic fiscal year-end selling pressure. <\/p>\n But \u201cfalling rates, institutional positioning, and bullish derivatives markets\u201d mean \u201cthis is likely not the cycle top,\u201d he said.<\/p>\n And traders are flashing bullish signals. For instance, investors poured<\/a> $2.3 billion into US spot Bitcoin exchange-traded funds over the past five days, according to SoSoValue. <\/p>\n This underscores the \u201ccontinued strong demand for Bitcoin,\u201d Illia Otychenko, lead analyst at crypto-trading platform CEX.IO, told DL News.<\/p>\n Options position data supports the bullish sentiment. Open interest is stacked around $140,000 to $200,000 strikes for December expiry, with calls outnumbering puts, according<\/a> to Deribit. <\/p>\n Dawson predicts Bitcoin at $140,000 by year-end, with $200,000 as a conservative cycle top and $250,000 possible if institutional flows persist.<\/p>\n Numerous industry voices have echoed bullish calls all year. <\/p>\n Arthur Hayes, founder of BitMEX, has predicted<\/a> $250,000 Bitcoin this year. Analysts at Bitwise, Bernstein, and Standard Chartered have predicted<\/a> $200,000.<\/p>\n Coinbase CEO Brian Armstrong has gone further, projecting<\/a> $1 million Bitcoin by 2030. Eric Trump, son of US President Donald Trump and an executive at the family\u2019s sprawling<\/a> crypto empire, echoed that sentiment. <\/p>\n Crypto market movers Bitcoin is down 0.8% over the past 24 hours to trade at $115,100.Ethereum is down 3.2 % over the past 24 hours trading at $4,520.What we\u2019re reading<\/p>\n