CoinDesk Podcast Network Bitcoin Flirts With $120K as Traders Anticipate 98.9% Fed Rate Cut in October | CoinDesk Daily
Oct 2, 2025
Bitcoin is gearing up to break the $120K mark, boosted by recent government shutdowns and weak labor data. Traders are buzzing, especially with a staggering 98.9% chance of a Fed rate cut predicted this month. Institutions are expected to heavily influence BTC's trajectory, with significant ETF inflows showcasing growing interest in tokenization. Meanwhile, Robinhood's CEO highlights the buzz around tokenized stock offerings, promising a new frontier for investors.
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Macro Moves Pushing Bitcoin Higher
- Bitcoin rose after weaker U.S. labor data and a government shutdown, pushing it near $120,000.
- Market moves reflect macro and institutional flows rather than purely retail demand.
Fed Cut Odds Drive Sentiment
- Market pricing now shows an overwhelmingly likely Fed cut this month, according to CME FedWatch.
- That expectation is a core driver of bullish sentiment for risk assets like bitcoin.
Monitor Flows And Brace For Volatility
- Watch institutional flows and derivatives activity to judge whether bitcoin will make new highs or retrace.
- Expect heightened volatility this historically dynamic month and position accordingly.