CPI Surprise, Jobs Shock Send Bitcoin to $115K as ETFs Pour In
Key Takeaways
U.S. August CPI came in hotter than expected at 2.9% year-over-year and 0.4% month-over-month, but a surge in weekly jobless claims reinforced rate-cut odds.
Bitcoin spot ETFs recorded $553 million net inflow (4th straight day), while Ethereum spot ETFs posted $113 million net inflow (3rd consecutive day).
Wallets holding 100 – 1,000 BTC added roughly 65,000 BTC over the past seven days (30-day net +93,000 BTC), now having a record 3.65 million BTC.
BTC tested then reclaimed $115,000 (currently ~$115,505); key resistance at $116,300; downside liquidity remains concentrated near $110,000–$107,000.
Jerome Powell’s final, hawkish-leaning Fed presser—delivered against a backdrop of war-driven energy shocks and rare internal dissent—knocked Bitcoin off balance, extending its slide as rate-cut hopes fade and downside risks build.
MAS launched a landmark consultation on how Singapore banks must treat cryptoassets on public blockchains, proposing lower capital requirements for stablecoins and tokenised assets that meet risk standards.
Solana's 2026 rally has been driven by memecoin speculation and DeFi growth rather than the institutional ETF narrative powering BTC and ETH. With long-term holders distributing and regulators circling, SOL faces structural headwinds that the bullish case can't yet answer.
