$BTC
$BTC $BTC Bitcoin stole the spotlight today by reaching a price close to the record of $111,062, supported by a renewed appetite for risk and the Fed's minutes suggesting rate cuts later this year. On Binance, BTC traded between $108,500 and $112,000, stabilizing around $111,130, reflecting strong institutional inflows and optimism regarding the spot ETF.
The main drivers include:
• ETF Momentum: Ongoing approvals and inflows into Bitcoin ETFs unlock new capital.
• Favorable macroeconomic winds: The Fed's accommodative signals and decreasing inflation boost the 'risk-on' sentiment.