Bitcoin Tops $68,000 as ETF Inflow Hopes and Fed Cut Bets Lift Crypto
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Bitcoin climbed back above $68,000 for the first time in weeks as traders grew more optimistic about fresh inflows into spot exchange-traded funds and the prospect of Federal Reserve interest rate cuts. The move extended a broader rebound across digital assets, with Ethereum rising 2.5% and the total cryptocurrency market capitalization pushing above $2.4 trillion.
Market participants said sentiment improved as investors positioned for possible policy easing from the Fed’s upcoming Federal Open Market Committee meeting. Expectations for lower borrowing costs have supported risk assets in recent sessions, while renewed enthusiasm around spot Bitcoin ETFs has added another layer of demand.
Bitcoin’s latest advance reflects a combination of macroeconomic speculation and continued institutional interest in crypto-linked products. Analysts noted that ETF inflows have become a key driver of price action since the launch of U.S. spot funds, helping to absorb selling pressure and strengthen market momentum.
Despite the rally, traders remain cautious ahead of the FOMC decision, which could reset expectations for rates and broader financial conditions. For now, the move above $68,000 signals improving confidence in the crypto market after several weeks of consolidation.
