Overview

• Bitcoin briefly topped $114,000 after August headline PPI fell 0.1% month over month, boosting market expectations for a 25-basis-point cut, with CPI due next.
• Technicians said the advance confirmed an inverse head-and-shoulders breakout, pointing to near-term objectives around $120,000 with support near $110,000.
• Spot Bitcoin ETFs recorded sizable inflows in recent days, including over $1.1 billion in 10 days per SoSoValue, signaling firm institutional demand.
• On-chain data showed network strength, with mining difficulty at an all-time high and indications miners are shifting from selling toward accumulation.
• Altcoins firmed as well, with Ethereum back above $4,400 on reported institutional buying and XRP near $3 as Bloomberg analysts assign high odds to a potential U.S. ETF approval in October.