BTC/USD: Bitcoin Jumps 3% to Top $111,000 with Markets Drooling Over That Fed Rate Cut
OG coin started the week strong, on pace for the third straight day of gains after last week’s bruising performance. 🚀 Bitcoin Breaks Higher in New WeekBitcoin climbed 3% Monday, reclaiming the $111,000 mark after last week’s 6% slump. Today’s move seeks to extend Bitcoin’s winning streak to three days in a row. If that ain’t renewed appetite for riskier assets as traders start positioning for easier monetary policy. All eyes are on Friday’s inflation data, with the September CPI expected around 3.1% year-over-year. If the number comes in cooler, it could lock in market confidence for another 25-basis-point rate cut at the October 28–29 Fed meeting. 💬 Rate Cut Hopes and Shutdown BetsAdding fuel to the optimism, White House economic adviser Kevin Hassett said Monday the three-week US government shutdown is likely to end this week — meaning jobs reports and other key data could soon start flowing again. Together, those two developments — a reopened government and a friendlier Fed — are giving traders a reason to load up on Bitcoin before liquidity gets cheaper and risk appetite expands. Ethereum also perked up, climbing back above $4,000 after dropping as low as $3,673 on Friday during another .