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BTC breaks through $122,000 ETH hits a new high since 2021 Institutions follow CPI data
【Coin World】QCP Asia stated in its research report that BTC has broken through $122,000, recovering from last week's decline; ETH has risen 21% in the past 7 days, surpassing $4,300 for the first time since 2021. Currently, BTC's correlation with US stocks remains high, and the market is focused on the CPI data to be released on Tuesday. If the results are below expectations, it may strengthen the Fed's interest rate cut expectations for September. Institutions point out that market sentiment remains bullish, but traders are still hedging against downside risks. The key lies in whether institutional funds and Spot ETF demand can drive BTC to break through significant resistance levels.