The post Wall Street Buys Over $1b in Bitcoin Amid Dollar’s ‘Do or Die’ Moment appeared on BitcoinEthereumNews.com.

Key takeaways: Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022. Analysts warn July could trigger a major dollar breakdown, fueling Bitcoin’s rise toward new highs. Wall Street investors have poured over $1 billion into spot Bitcoin (BTC) ETFs this week, coinciding with the US dollar’s persistent decline. Trump’s Fed shocker coincides with >$500 million Bitcoin ETF inflows As of Wednesday, these ETFs held 1.234 million BTC, up by more than 9,722 BTC over the past three days, according to Glassnode data. That amounts to roughly $1.04 billion in net inflows so far this week. US Spot Bitcoin ETFs net flows. Source: Glassnode More than half of this week’s inflows came on Wednesday, following a Wall Street Journal report that US President Donald Trump may announce a replacement for Fed Chair Jerome Powell as early as September. The US Dollar Index (DXY), which tracks the greenback’s strength against a basket of foreign currencies, has fallen 1.23% since the WSJ report, hitting its lowest level since April 2022. DXY daily price chart. Source: TradingView The dollar’s decline comes as traders increase bets on Federal Reserve rate cuts later in September, with the odds of a 25 basis point reduction rising to 69% from 47.70% a month ago. Target rate probabilities for Sept. 17 Fed meeting. Source: CME Lower rates have historically dampened the appetite for the dollar, while increasing demand for non-yielding assets such as stocks and cryptocurrencies. BTC’s price has risen by over 2% to around $108,360 since the WSJ report, with ETF inflows further suggesting a growing risk appetite among retail traders and institutional investors. BTC/USD daily price chart.…

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Filed under: News - @ June 27, 2025 2:23 am