Bloomberg: Expectations of a Federal Reserve rate cut strengthen, Bitcoin breaks through $10,000 again
According to Bloomberg, the latest U.S. inflation data has increased bets on another rate cut by the Federal Reserve, pushing Bitcoin past $100,000 again. The prospect of a loose monetary environment has eased investor sentiment and propelled the tech-dominated Nasdaq 100 stock index to record highs.
Henry Elder said: "The market likes to see an inflation rate that meets expectations." He added that traders are "trying to figure out whether $100,000 is a ceiling or a floor."
Since Trump's victory in the US election on November 5th, Bitcoin has risen about 50%, with approximately $11 billion net inflow into US Bitcoin spot ETFs during this period. Ethereum spot ETFs attracted a net inflow of $2.4 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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