The price of Bitcoin has recently shown significant recovery, with a 7.4% increase within a week, marking the largest gain since mid-July. This growth trend is driven by the revival of demand for US Bitcoin spot ETFs and expectations of potential adjustments to monetary policy by the Federal Reserve. Chairman Jerome Powell’s remarks further strengthened this expectation, indicating that the timing for policy adjustments is ripe, aiming to prevent further deterioration of the US labor market while enhancing confidence in returning inflation to its target of 2%. The signal of a rate cut sent by Powell was interpreted by The Wall Street Journal as the Fed preparing to act to address potential economic pressures, signaling a more relaxed liquidity environment globally. This signal not only boosted the Bitcoin price but also brought about net inflows of $252 million into US spot Bitcoin ETFs, the highest level in nearly a month. Statistics show that these funds have attracted capital inflows for seven consecutive days, demonstrating optimism in the cryptocurrency market. Cici Lu McCalman, founder of blockchain consulting firm Venn Link Partners, pointed out that all eyes are on the Federal Reserve, expecting a September rate cut to further drive the rise in Bitcoin prices.