Analysis: The trader is trying to figure out whether $100,000 is the upper limit or lower limit for Bitcoin
On December 12, the strengthening expectation of a Federal Reserve rate cut also helped boost investor sentiment on Wednesday. After U.S. CPI inflation met expectations, speculators increased their bets on the Fed's interest rate cuts, and the prospect of looser monetary policy drove the tech-heavy Nasdaq 100 index to a record high. Henry Elder, head of UTXO Management said, "The market likes to see inflation meet expectations," and added that "traders are trying to figure out whether $100,000 is the upper or lower limit for Bitcoin." (Bloomberg)
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