Fed rate-cut bets surge: Can Bitcoin finally break $91K to go higher?
Bitcoin price stayed stuck near $91,000 due to weak ETF flows and cautious derivatives as stocks and gold rallied on rising rate-cut bets.
Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.
Key takeaways:
Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions.