Bitcoin May Extend Uptober Rally After Crossing $120,000 Amid ETF Inflows and Fed Rate‑Cut Bets

• Bitcoin price topped $120,000 as ETF inflows surged

• Investors added $675.8 million to spot Bitcoin ETFs on Wednesday, the largest single-day inflow since mid-September.

• BTC’s weekly gain neared 8% while gold also climbed, highlighting a shift toward safe-haven and low-rate assets.

Bitcoin price spikes to $120K in Uptober amid ETF inflows and shutdown-driven demand — read the data and expert views on BTC momentum.

What is driving the Bitcoin price surge in Uptober?

Bitcoin price rose above $120,000 as investors poured money into spot Bitcoin ETFs and rotated toward assets that benefit from potential Federal Reserve rate cuts. ETF inflows, rising gold prices, and a temporary market shift during the U.S. government shutdown combined to push BTC higher.

How did spot Bitcoin ETFs and investor flows affect the rally?

Spot Bitcoin ETFs saw strong demand, with investors adding roughly $675.8 million in a single day—the largest inflow since mid-September, according to reported ETF tracking data. This liquidity influx increased buying pressure on BTC and improved market sentiment.

Why are rate-cut expectations important for Bitcoin?

Lower expected interest rates reduce the opportunity cost of holding non-yielding assets. Market commentary from ETF analysts and macro strategists indicated a greater chance of a Fed rate cut, which historically correlates with stronger performance for Bitcoin and other risk-on assets.

Frequently Asked Questions

What does short-term price action tell traders?

In the short term, BTC’s 24-hour gain of roughly 2% and a near-8% weekly rise suggest renewed momentum. Traders are watching ETF flows, macro data, and correlations with equities and gold to gauge sustainability.

How are other cryptocurrencies performing alongside Bitcoin?

Major altcoins mirrored Bitcoin’s gains: Ethereum traded near $4,407 after a 3% rise, and Solana approached $226 after a similar intraday increase—showing broad market participation rather than isolated BTC strength.

Key Takeaways

• Price milestone: Bitcoin surpassed $120,000 amid Uptober momentum and macro uncertainty.
• ETF inflows: Spot Bitcoin ETFs attracted significant capital—$675.8 million reported in one day—boosting demand.
• Market drivers: Rate-cut expectations, safe-haven flows to gold, and ETF liquidity combined to lift BTC.

Conclusion

Bitcoin price strength in early October reflects a confluence of factors: notable spot ETF inflows, rising odds of Federal Reserve rate cuts, and concurrent safe-haven interest evidenced by gold’s gains. Market participants should watch ETF flow data, macro rate signals, and correlation shifts for clues about sustainability. COINOTAG will continue monitoring developments and updating coverage.

Sources: ETF flow trackers, CoinGecko price data, market commentary from COINOTAG and Bloomberg, user-based odds from prediction platform Myriad. Publication date: 2025-10-02. Author/Organization: COINOTAG.