Bitcoin Steady Above $98K as Fed’s Bostic Signals Rate Cuts, ETF Flows Show Mixed Momentum
As markets react to dovish Federal Reserve comments and changing institutional dynamics, Bitcoin keeps its position over $98,000 trading above $98, 100 as of February 21, 2025. BTC/USD has established a new support level, marking a 4.40% recovery from its recent low of $93,321 on February 18.
Fed’s Bostic Projects Two Rate Cuts for 2025 Amid Labor Market Cooling
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Atlanta In his market-moving analysis of the state of the economy, Federal Reserve President Raphael Bostic underlined that three weeks had gone by between unemployment duration in August 2024 and now. As the U.S. 10-year Treasury yield and dollar index fell, his two interest rate cuts in 2025 immediately helped Bitcoin, pushing its price by 0.5% to $97,600.
Bitcoin ETF Market Matures: Franklin Templeton Launches $BTC-$ETH Index Fund with 87-13 Split
Following Hashdex’s NCIQ launch on February 14, Franklin Templeton’s Crypto Index ETF (EZPZ) opened on February 20, therefore widening the institutional scene. Tracking the US CF Institute Digital Asset Index, EZPZ keeps an 87% Bitcoin and 13% Ethereum allocation.
Still, spot Bitcoin ETF excitement exhibits some restraint. Comparatively to 100,000 BTC ($4.8 billion) in Q1 2024, first-quarter 2025 net inflows came out to be 41,000 BTC ($4.3 billion). Farside Investors data shows that net outflows over the past two days total $125 million.
Strategy Leads Institutional Buying with $2B Note Offering, BlackRock Increases Stake
With its $2 billion convertible note announcement, Strategy’s ongoing Bitcoin accumulation soared to fresh heights. Convertible to Strategy’s Class A shares at $433.43 – a 35% premium over current market pricing, the zero-coupon notes maturing March 1, 2030 are With its recent acquisition of 7,633 BTC, the company’s holdings came to 478,740 BTC ($46.4 billion), producing unrealized gains almost $15 billion.
BlackRock’s growing share in Strategy to 5% corresponds with the company’s February rebranding; 12 U.S. states total $330 million in Strategy stock through their treasuries or pension systems.
BTC/USD Technical Indicators Signal Potential Breakout from $91K-$102K Range
Condensed into its narrowest range since August 2023, Bitcoin’s price movement swings between $91,000 and $102,000. Historically a predictor of major price swings, the CME Bitcoin futures 1-month basis has dropped to levels found in September 2023. Previously preceding higher timeframe bottoms in two-week intervals, the annualized basis has decreased to 6.22%, a 4-month low.
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