Bitcoin Surges Above $100K as Inflation Fears Fade Ahead of Trump’s Inauguration
Bitcoin surpassed $100,000 on January 15, 2025, showing renewed strength as it advanced against inflation concerns ahead of President-elect Donald Trump's inauguration. The surge followed the Federal Reserve's indication of a slower pace in interest rate cuts, which had previously pressured risk assets, leading Bitcoin to a decline to below $108,000. Recent inflation data revealed a slight increase in consumer prices, indicating a potential cooling of inflation fears. Analysts are optimistic that the positive inflation numbers will encourage Bitcoin's performance and contribute to broader market gains. Notably, altcoins like XRP and Ethereum have also seen significant increases in their values. The upcoming inauguration of Trump is expected to steer crypto-related policies, with potential executive orders to enhance the U.S. cryptocurrency framework, further influencing market dynamics.
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