Bitcoin Breaks Key Level – $70K In Sight as Fed Rate Cut Looms
🚨 Bitcoin Breaks Key Level – $70K In Sight as Fed Rate Cut Looms
Meta Description (SEO): Bitcoin surges past $66,800 as U.S. inflation drops, fueling speculation of a Federal Reserve rate cut. Analysts say $70K could be next.
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New York, August 10, 2025 — Bitcoin (BTC) is once again dominating headlines as the world’s largest cryptocurrency surged past $66,800 in the past 24 hours, climbing over 5% and signaling a strong bullish momentum.
The rally comes after fresh U.S. inflation data showed core CPI dropping to its lowest level since 2021, sparking hopes that the Federal Reserve could initiate its first interest rate cut in over two years. A lower interest rate would likely weaken the U.S. dollar, making Bitcoin and other risk assets more attractive to investors.
“Bitcoin is in a powerful uptrend. If this momentum holds, $70,000 is within reach,” said Michael Saylor, founder of MicroStrategy, in an interview with CNBC.
Adding to the bullish sentiment, Spot Bitcoin ETFs — launched earlier this year — recorded their largest single-day inflow since February. Institutional giants like BlackRock and Fidelity have been increasing their BTC holdings, further validating Bitcoin’s position as a core asset in institutional portfolios.
Still, analysts caution that volatility remains high.
“Retail investors should stay cautious. The $68,500 level is a critical resistance point,” said a TradingView technical analyst.
With positive market sentiment, possible Fed easing, and surging institutional demand, the crypto market appears poised for an explosive final quarter of 2025.
Bottom Line: If Bitcoin breaks above $68,500, a run toward $70K could happen quickly — but in crypto, surprises are always around the corner.
TAG: #BTC #BTCUPDATE #HIGHRISK #CRYPTO
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