Bitcoin powers to $125K peak as balance on exchanges falls to six-year low

Bitcoin breaks $125,700 as Fed rate cuts fuel crypto optimism. BlackRock’s IBIT ETF hits $90B, boosting institutional bitcoin demand. JPMorgan lifts bitcoin target to $165,000 amid dollar weakness bets. Bitcoin surged past $125,700 shortly after midnight ET, setting a new record high and igniting excitement across the crypto market. According to TradingView data, the top cryptocurrency jumped 3% on the day, breaking its previous peak near $124,500 from August. The rally pushed bitcoin’s weekly gain to 10%, bringing its year-to-date rise to 34%. Over the past year, bitcoin’s value has soared by 102%, underscoring growing investor confidence in digital assets. The price breakout followed the Federal Reserve’s recent 0.25% interest rate cut, its first since December 2024. Market participants expect more easing ahead, with CME’s FedWatch tool showing a 96% chance of another 0.25% cut in October and an 86% chance for December. Also Read: Stripe Reaches $100 Million in USDC Transfers ETF Growth Boosts Bitcoin’s Momentum Institutional demand continues to strengthen bitcoin’s position in the market. BlackRock’s IBIT BTC ETF recently entered the top 20 U.S. ETFs by assets under management, crossing $90 billion for the first time. Its rapid climb represents one of the fastest ascents ever for an ETF, highlighting growing trust in regulated bitcoin exposure. Analysts at JPMorgan have also raised their year-end price target for bitcoin to $165,000, pointing to its potential to match gold’s performance. They argue that investors are turning to bitcoin as a hedge against dollar weakness and inflation concerns. Additionally, the combination of lower interest rates and strong ETF inflows has created an ideal setup for further market growth. Bitcoin’s rally reflects increasing appetite for alternative assets as monetary conditions continue to loosen. With renewed optimism and robust institutional participation, bitcoin’s latest surge signals shifting market sentiment. The intersection of policy support, investor demand, and expanding ETF adoption continues to drive bitcoin’s climb to new heights. Also Read: France on the Brink: Arthur Hayes Warns Debt Crisis Could Ignite Eurozone Chaos The post Bitcoin Smashes Past $125,700 as Fed Cuts Spark Massive Crypto Market Rally appeared first on 36Crypto.

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Amidst a turbulent period for classic meme cryptocurrencies like Shiba Inu and Dogecoin, which are witnessing considerable sell-offs and price decreases, a new contender, Little Pepe (LILPEPE), emerges on the horizon. With an anticipated rally and a robust presale phase, this new meme coin has captured the attention and wallets of many erstwhile Shiba and Doge enthusiasts. The Current State of Shiba Inu and Dogecoin Shiba Inu, once a vibrant part of the meme token frenzy, is now grappling with an 8% decrease in its value over the previous week, touching new lows not seen since early August. Simultaneously, Dogecoin faces its challenges, with a significant dump of 40 million DOGE by large holders, sharply pushing the price down towards $0.22, a precarious position close to critical support levels. Dogecoin Price Chart | Source: CoinGecko The Rise of Little Pepe As the older generation of meme coins like SHIB and DOGE wane in both price and community interest, a fresh meme coin named Little Pepe, stylized as LILPEPE, is stepping up, heralded by some as the next big movement in the meme coin ecosystem. The token's developers promise revolutionary features such as ultra-low transaction fees, near-instant settlements, and robust anti-bot measures to ensure a fair trading environment. These improvements address many of the issues that have historically plagued the usability and scalability of blockchain projects centered around memes. Market Reactions and Predictions With a dizzying gain of over 16,736% projected by 2026, Little Pepe is not only drawing the curiosity of typical crypto investors but also of those who have previously engaged with other meme tokens. The transition of investors from Shiba Inu and Dogecoin to Little Pepe is partly due to the latter's dynamic market entry and promising presale numbers, which show a robust uptake among the community. Additional Resources and Community Engagement For more detailed information about Little Pepe, including technical specifics and future roadmaps, prospective investors and interested readers are encouraged to consult the whitepaper and join the vibrant community discussions on Telegram and Twitter/X. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.