Fed Rate Cut Delayed as Strong Jobs Data Tests Bitcoin
Bitcoin Levels, Flows, and Citi Fed Rate Cut Expectation
The price path around these events is the clearest evidence of how sensitive BTC remains to macro surprises. Bitcoin fell below $80,000 right after the August jobs release, reversing from an intraday high near $81,370, and was later quoted near $79,600, down about 1.5% on the day.
Ahead of the September Fed meeting, as hike odds moved above 92%, BTC fell below $76,000 before the post-decision dip toward $75,000 and the subsequent climb to a brief touch of $87,000, per the latest price action review.
Flow data backs up the recovery narrative. US spot Bitcoin ETFs logged $433 million in net inflows on September 18 after a...