Bitcoin breaks through $ 100,000 level amid rising inflation in the US

The US regulator recorded an increase in inflation in November 2024, which, according to Bloomberg, signals a halt to the disinflationary trend. Annual inflation reached 2.7%, in line with analysts' forecasts, and the monthly price increase was 0.3%. The growth in the cost of services excluding housing and energy also rose to 0.34%.

These macroeconomic changes were accompanied by high volatility in the crypto market. The price of bitcoin BTC $64,152.75 Bitcoin -0.28% Market capitalization $1.29 trillion VOL. 24 hours $0.94 billion fluctuated between $ 98,200 and $ 98,800, but soon exceeded the psychological mark of $ 100,000, consolidating its status as a key asset amid economic instability. Ethereum ETH $1,910.56 Ethereum 1.29% Market capitalization $230.57 billion VOL. 24 hours $0.37 billion also showed activity, trading in the range of $ 3,720-$ 3,750.

Investors expect the Federal Reserve to ease monetary policy at its December 17−18 meeting, increasing the likelihood of a key policy rate cut. The futures market currently estimates the probability of such a move at 97.9%.

Against this backdrop, experts warn of a possible pause in the bitcoin rally, predicting a correction in the next two to three months.

According to the analytical tracker CoinMarketCap, at the time of writing, the market leader is trading at $ 100,822 with a market capitalization of $ 1.99 trillion. Traders made daily trading deals worth $ 81.67 billion. BTC’s market share is 54.7%.