📅 September 6 | United States
The market was expecting a rally, but Bitcoin surprised by staying still despite growing bets that the Federal Reserve could cut interest rates soon. What for many should have been bullish fuel ended in an awkward silence that leaves the big question open: what's next for the crypto king?
📖 In recent days, traders on Wall Street and in the crypto ecosystem began to anticipate a dovish turn from the Fed, following statements suggesting a possible rate cut before the end of the year. Historically, looser monetary policy has favored risky assets like tech stocks and, of course, Bitcoin.
However, this time the pattern wasn't repeated. According to market data, the BTC price remained below $112,000, displaying a lack of enthusiasm that puzzled traders and analysts. "This is a symptom that the macro narrative is no longer sufficient to drive the crypto market," noted a CoinDesk report.
Flows into Ethereum funds contrasted with Bitcoin's tepidity: in August, ETH ETFs recorded nearly $4 billion in net inflows, while BTC funds suffered sustained outflows. This differential suggests that investors are looking for new stories and not just focusing on the fate of digital gold in the face of the Fed.
The market also seems to be paying attention to other internal factors:
Whale selling has pressured the price.
The rise of alternative narratives such as stablecoins, tokenization, and altcoins.
The growing concentration of BTC in the hands of companies and public treasuries, which could be reducing the liquid supply in circulation.
All of this fuels the hypothesis that Bitcoin could be entering a phase where it's no longer enough to look at the Federal Reserve to project its direction.
Topic Opinion:
Bitcoin no longer moves at the Fed's sole pace. The market is maturing and looking for other stories, whether institutional adoption, tokenization, or the role of ETH and stablecoins.
💬 Will Ethereum and altcoins set the pace in this new era?
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#bitcoin #Fed #Ethereum #Macro #markets $BTC