Bitcoin May Extend Uptober Rally After Crossing $120,000 Amid ETF Inflows and Fed Rate‑Cut Bets

Bitcoin price jumped above $120,000 amid an early-October “Uptober” rally and a ￰0￱ shutdown, driven by renewed spot Bitcoin ETF inflows, growing rate-cut expectations, and rising demand for safe-haven assets such as ￰1￱ price topped $120,000 as ETF inflows surged Investors added $675.8 million to spot Bitcoin ETFs on Wednesday, the largest single-day inflow since mid-September. BTC’s weekly gain neared 8% while gold also climbed, highlighting a shift toward safe-haven and low-rate ￰2￱ price spikes to $120K in Uptober amid ETF inflows and shutdown-driven demand — read the data and expert views on BTC momentum. , "description": "Bitcoin price jumps above $120,000 amid Uptober rally, boosted by spot ETF inflows, rate-cut expectations and gold's rise during a ￰3￱ shutdown.", , "publisher": What is driving the Bitcoin price surge in Uptober?

Bitcoin price rose above $120,000 as investors poured money into spot Bitcoin ETFs and rotated toward assets that benefit from potential Federal Reserve rate ￰4￱ inflows, rising gold prices, and a temporary market shift during the ￰5￱ shutdown combined to push BTC ￰6￱ did spot Bitcoin ETFs and investor flows affect the rally? Spot Bitcoin ETFs saw strong demand, with investors adding roughly $675.8 million in a single day—the largest inflow since mid-September, according to reported ETF tracking ￰7￱ liquidity influx increased buying pressure on BTC and improved market ￰8￱ are rate-cut expectations important for Bitcoin? Lower expected interest rates reduce the opportunity cost of holding non-yielding ￰9￱ commentary from ETF analysts and macro strategists indicated a greater chance of a Fed rate cut, which historically correlates with stronger performance for Bitcoin and other risk-on ￰10￱ Asked Questions , What does short-term price action tell traders?

In the short term, BTC’s 24-hour gain of roughly 2% and a near-8% weekly rise suggest renewed ￰11￱ are watching ETF flows, macro data, and correlations with equities and gold to gauge ￰12￱ are other cryptocurrencies performing alongside Bitcoin? Major altcoins mirrored Bitcoin’s gains: Ethereum traded near $4,407 after a 3% rise, and Solana approached $226 after a similar intraday increase—showing broad market participation rather than isolated BTC ￰13￱ Takeaways Price milestone : Bitcoin surpassed $120,000 amid Uptober momentum and macro ￰14￱ inflows : Spot Bitcoin ETFs attracted significant capital—$675.8 million reported in one day—boosting ￰15￱ drivers : Rate-cut expectations, safe-haven flows to gold, and ETF liquidity combined to lift ￰16￱ Bitcoin price strength in early October reflects a confluence of factors: notable spot ETF inflows, rising odds of Federal Reserve rate cuts, and concurrent safe-haven interest evidenced by gold’s ￰17￱ participants should watch ETF flow data, macro rate signals, and correlation shifts for clues about ￰18￱ will continue monitoring developments and updating coverage. , Sources: ETF flow trackers, CoinGecko price data, market commentary from COINOTAG and Bloomberg, user-based odds from prediction platform ￰19￱ date: ￰20￱ COINOTAG.