Bitcoin Holds Firm After Fed Minutes Signal Further Rate Cuts

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.