CandleFocus

Bitcoin Surges Above $100K as Inflation Fears Fade Ahead of Trump’s Inauguration

The price of Bitcoin has surpassed $100,000 for the second time since the Federal Reserve's hawkish outlook affected risk assets. Bitcoin experienced a decline in December after the central bank announced it would cut interest rates at a slower pace this year. However, Bitcoin's price has now risen to $100,444 following an inflation report showing consumer prices rising as expected in December. Altcoins such as XRP and Ethereum also saw significant gains. The inflation report alleviated concerns that the Fed may not cut rates in 2025, and attention will now shift to President-elect Donald Trump's upcoming inauguration and potential crypto-related executive orders.

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