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The Wire — B.R.O.

Bitcoin Holds Firm After Fed Minutes Signal Further Rate Cuts

Your daily access to the backroom

,   and  Blockhead
4 min read

Key Takeaways

  • Bitcoin rose to $124K following the Fed’s dovish minutes, before consolidating at $122K.
  • BTC ETFs logged $441 million in inflows; ETH ETFs added $69 million for eight straight days of net inflows.
  • FOMC minutes reveal half of members expect two more rate cuts by year-end.
  • Gold surged above $4,000/oz for the first time, underscoring global demand for hard assets.
  • Public companies purchased 190,611 BTC ($23.36 billion) in Q3, as corporate accumulation accelerates.
  • Ethereum strength builds ahead of the December 3 “Fusaka Upgrade,” aimed at major scaling improvements.
  • Geopolitical risk eased as President Trump confirmed a ceasefire agreement between Israel and Hamas.

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