Overview
- Bitcoin climbed to fresh highs over the weekend, topping $125,000 with peaks reported near $125,899 on CoinGecko and $125,426 on Bitstamp.
- CoinShares reported roughly $5.95 billion in weekly inflows to digital asset funds, with about $3.55 billion directed to Bitcoin products.
- U.S. Bitcoin ETFs attracted more than $3.2 billion for the week, highlighting the role of regulated vehicles in channeling new capital.
- Analysts point to expectations of Federal Reserve rate cuts, U.S. political uncertainty, a softer dollar, and seasonal “Uptober” tailwinds as key drivers.
- Altcoin products also saw strong interest, including reported inflows of about $1.48 billion to Ethereum, $706.5 million to Solana, and $219.4 million to XRP, while promotional pitches for new projects such as Bitcoin Hyper continue and remain speculative.