China News Today TheBitTimes.com

The Bitcoin price rose over 1% in the past 24 hours to trade at $115,025 as of 3:49 a.m. EST, as over half a billion dollars returned to spot BTC exchange-traded funds (ETFs) amid growing interest rate cut optimism. Spot Bitcoin ETFs in the US recorded a total daily net inflow of $552.7 million, according to Coinglass, as institutional investors turn to BTC in a renewed wave of confidence.  BlackRock’s IBIT led what is the fourth day of consecutive positive flows with $36.2 million, followed by $134.7 million into Fidelity’s FBTC. Meanwhile, investors are now watching the Federal Open Market Committee Meeting (FOMC) on Sept. 16, with growing optimism of an interest rate cut. 𝗝𝗨𝗦𝗧 𝗜𝗡: US CPI comes in at 2.9%, as expected. Rate cuts are confirmed! pic.twitter.com/iiEVtDi5AK — Lark Davis (@TheCryptoLark) September 11, 2025 CME’s FedWatch tool shows a 92.7% odds of a 25 basis point rate cut, while chance...

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence , shared some new thoughts on the future of crypto. Namely, in a July 21 post on X, McGlone stated that Bitcoin (BTC) and other cryptocurrencies may be fine, provided the stock market keeps going up. “Bitcoin, cryptos may be fine, as long as the stock market keeps going up.” – Mike McGlone The strategist’s post was a reply to Scott Melker, the host of The Wolf Of All Streets podcast, whose most recent episode, featuring McGlone as a guest, tackles topics including Bitcoin’s recent bullish trend and stablecoin legalization. Bitcoin, cryptos may be fine, as long as the stock market keeps going up https://t.co/2eYnlaGJ8D — Mike McGlone (@mikemcglone11) July 21, 2025 Why does the stock market matter for crypto? During the podcast discussion, McGlone expressed clearly the opinion that cryptocurrencies are intrinsically tied to the stock market, stating: “I can’t even have a view...