Bitcoin Surges 1.01% as Macro Risk Appetite Improves

Bitcoin (BTC) prices rose by 1.01% on October 2 to $54,959.6, after a 7-day increase of 1.68%. This upward momentum was driven by improved macro risk appetite following softer-than-expected inflation metrics.

The Federal Reserve's more accommodative monetary policy stance and stabilization in U.S. Treasury bond markets created a favorable liquidity environment for non-yielding digital assets like Bitcoin.

Institutional demand provided structural support, fueled by renewed spot Bitcoin ETF allocations and corporate treasury accumulation.