Bitcoin (BTC) has extended, surging to a three-week high of $115,500, fueled by softer U.S. inflation data and steady inflows into Bitcoin ETFs. The rally coincided with growing investor optimism that the Federal Reserve may deliver a 25 basis-point rate cut next week, further boosting risk appetite.<\/p>\n
According to CoinMarketCap data<\/a>, Ethereum (ETH) also gained ground, trading above $4,550, while altcoins like Solana (SOL) and Dogecoin (DOGE) recorded sharp increases. Solana climbed over 7% to $239, while Dogecoin rose 5% to $0.26, signaling broad-based strength across the crypto market.<\/p>\n\n Market analysts credited the upward move to different macroeconomic stability and institutional inflows. Bitcoin ETFs registered more than $928 million in inflows, reinforcing demand from both retail and professional investors.<\/p>\n Despite the bullish wave, Bitcoin faced resistance above $116,000, where sellers limited further gains. Analysts noted that rejection at this level emphasizes ongoing market caution. It is believed that the rally indicates renewed sentiment, but the rejection above $116,000 shows that sellers continue to be active.<\/p>\n Derivatives data echoed this caution. The weekly options expiry revealed a put\/call ratio of 1.3, signaling that bearish bets slightly outweigh bullish positions. This trend suggests traders expect Bitcoin to remain range-bound, with probable moves limited between $111,000 and $116,000.<\/p>\nResistance Near $116K Raises Concerns<\/strong><\/h2>\n