Analyst: If the Fed releases clear signals of a rate cut in the future, Bitcoin may reach new highs in Q4.

On October 8, as gold broke through the $4,000 per ounce mark for the first time in history, the price of Bitcoin actually retreated. This pullback was due to profit-taking after the crypto market saw a big pump of 7.7% in less than a week, while the paper gains of Whale accounts had also become quite substantial. In addition, the US dollar index is climbing to a two-month high. However, institutional interest in Bitcoin has not waned: last week, net inflows into US Spot Bitcoin ETFs exceeded $3 billion, pushing total net inflows past the $60 billion mark, with another $2 billion injection this week. Analyst Linh Tran stated, "In the short term, Bitcoin's fundamentals remain positive, with expectations of monetary easing, continuous ETF inflows, and persistent safe-haven demand providing triple support. If the Fed signals a more explicit start to the rate cut cycle in subsequent meetings, Bitcoin is likely to expand into new price space in the fourth quarter." The next key test may come from the Fed—traders have begun to bet on rate cuts, and if the official confirmation of a policy shift occurs, gold and Bitcoin may regain upward momentum. ( Jin10 )