Prices of Bitcoin On Wednesday, the Dow Jones Industrial Average topped $100,000. This is the second time the risk asset market has surpassed this psychological level since Federal Reserve’s hawkish view put pressure on the markets.
The U.S. central banks Signs Bitcoin fell from its highs in December when the Fed announced that interest rates would be cut at a more gradual pace. Peak price Above $108,000 Bitcoins’ price dropped as inflation fears grew in response to signs of economic strength. Prices below $90,000. On Monday,
The Showing of a Nearly 4% Bitcoins are trading at a gain of over the previous day. $100,444As at this moment. The jump on Wednesday followed the Bureau of Labor Statistics’ latest inflation snapshot, which revealed that consumer prices increased as predicted in December. Core inflation has slowed.
“The last potential hurdle for the markets—persistent inflation—has now been cleared,” Matt Mena is a research strategist for 21Shares. Decrypt. “With inflation showing consistent signs of cooling, this was the final piece of news the market was waiting on before confidently breaking the critical $100,000 resistance level for Bitcoin.”
As Bitcoin prices rose, other altcoins including XRP also saw gains. Ripple, the cryptocurrency linked to Ripple has increased in value. 11% over the past day, as of this writing—barreling past its December peak of $2.82 Just peaking The dollar is one cent away3 Early Wednesday
Ethereum's price has meanwhile increased Nearly 8The % increase in the past 24 hours is now. $3,460. Dogecoin, Solana and other cryptocurrencies grew at a faster pace. $0.38 The following are some examples of how to get started: $203, respectively.
Wednesday’s inflation print assuaged concerns that Fed may not cut rates at all in 2025, amid recent data that the U.S. economy remains strong—and potential shifts in Immigration and trade policy Trump could put upward pressure also on the prices.
Bitcoins’ price surpassed $100,000 in the beginning of December for the very first time. This surge is likely to be due to several factors including: Adoption of growing numbers Spot Bitcoin ETFs are available in the U.S. after the recent election victory of President Donald Trump. Trump is a crypto-friendly presidentYou might even say that Return The following are some examples of how to use “McRib season.”
Inflation fears may have jeopardized Bitcoin’s post-election gains, but the crypto markets’ attention will likely shift toward President–elect Donald Trump ahead of his inauguration.
On his first day, the Republican will take control of White House. He is expected to make crypto-related orders. This will include, for example, the formation of a crypto-related presidential council.Regulatory initiatives, Decrypt reported Monday.
Andrew Hayward is the editor