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.
Three data points from the same week – SpaceX's IPO filing, Harvard's ETH exit, and the unravelling of Bankless – sketch out an institutional verdict the market is already pricing in.
MoonPay Trade, built on the Decent.xyz acquisition, offers a single API for 200+ blockchains and puts former acting CFTC Chair Caroline Pham at the helm of the institutional business.
The company, last valued at $7 billion in a 2023 funding round, has processed more than $1.1 trillion in crypto transactions and claims to have been profitable on an adjusted basis for three consecutive years.
The approval, granted to Kraken parent Payward, will let UAE clients trade via a locally regulated entity with dirham funding – once the preliminary licence converts to a full one.
