CryptMarket Analysis — 13-09-09
Bitcoin has surged past $114,000 in the last several hours, driven by strong spot ETF inflows totaling $757.1 million and continued risk-on appetite fueled by softer-than-expected U.S. Producer Price Inflation (PPI) data. Traders are betting aggressively on imminent Fed rate cuts, which has lifted major cryptocurrencies—including Ethereum and Dogecoin—alongside equities. However, after this rapid rally, market caution persists as key U.S. Consumer Price Inflation (CPI) figures and Fed announcements loom next week, potentially introducing volatility and reversal risk. Overall, short-term sentiment remains bullish, but technical indicators and growing skepticism around sustainability signal a potential pause or retracement if macro headwinds resurface.