The U.S. services PMI fell to 50 in September, with the Business Activity index slipping to 49.9, indicating a sector slowdown. This, alongside weak labor data and Core PCE inflation at 2.9%, has heightened expectations for Federal Reserve rate cuts, potentially starting at the October FOMC meeting. Bitcoin has responded to these macroeconomic signals by reaching a 50-day high of $123,841, with analysts projecting a possible rise to $150,000. Contributing factors include a shrinking Fed balance sheet, increased spot ETF demand, and record Bitcoin open interest of $45.3 billion. Additionally, on-chain data highlights a growing number of long-term holders, while reports suggest President Trump may introduce stimulus checks funded by tariffs, potentially enhancing market liquidity.