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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin surged to a three-week high of $115,500, driven by softer U.S. inflation data and robust inflows into Bitcoin ETFs. Investor optimism is growing as markets anticipate a potential Federal Reserve rate cut next week. Altcoins like Ethereum and Solana also posted significant gains, reflecting broad crypto market strength.
- Bitcoin ETFs saw over $928 million in inflows, reinforcing institutional and retail demand.
- Resistance at $116,000 limited gains, with a put/call ratio of 1.3 indicating bearish sentiment.
- Analysts warn of potential volatility ahead of the Fed's rate decision, with key support at $113,700.
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