Bitcoin retesting $125,000? ETFs draw $445m as Fed cut looms

The Federal Reserve will drive Bitcoin’s price to $125,000. That’s according to Robin Singh, CEO of crypto accounting platform Koinly, who told DL News that the flagship cryptocurrency will retest the all-time high price level if the central bank cuts interest rates at its October 29 meeting. The meeting will reinforce “consensus of a continued shift toward looser monetary policy, which typically benefits Bitcoin,” Singh said. The CME FedWatch tool shows a 97% chance of a 0.25% cut in interest rates lat ...