Bitcoin Nears $120,000 Amid Near-Certain Fed Rate Cut and Liquidity Tailwinds | US Crypto News
October 2, 2025 · 2:42 PM
Bitcoin is approaching the $120,000 mark as traders anticipate a likely interest rate cut from the Federal Reserve in October. Factors such as weak labor data, halted government reports, and increased demand for safe-haven assets are boosting Bitcoin's appeal. Additionally, inflows from ETFs are contributing to its momentum. However, the potential for a prolonged US government shutdown poses risks to Bitcoin's stability amid ongoing macroeconomic uncertainty.
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