Bitcoin tests the $ 100,000 level again amid Fed statements

Cryptocurrency analysts note: Bitcoin BTC $104,375.13 Bitcoin 3.60% Market capitalization $2.07 trillion VOL. 24 hours $4.02 billion has risen sharply above $ 99,000 amid the publication of US inflation data for December 2024. The Consumer Price Index (CPI) rose by 0.4% for the month and by 2.9% on an annualized basis, which is in line with analysts' expectations. Core inflation, which excludes food and energy prices, increased by 3.2%.

According to experts, this data reduces fears of rising inflation. At the same time, most traders expect the Federal Reserve to maintain the current level of interest rates, which contributes to the positive reaction of financial markets.

The price of the market’s flagship jumped from $ 97,000 to almost $ 100,000 on the back of this news, but has not yet been able to overcome this psychological level. At the time of writing, the price has settled at $ 99,700. In addition, other cryptocurrencies are also showing growth: Ethereum ETH $3,472.00 Bridged Ether (StarkGate) 2.92% Market capitalization $0.32 billion VOL. 24 hours $1.77 billion rose by 3.8% to exceed $ 3,300, and XRP $3.25 XRP -0.94% Market capitalization $186.83 billion VOL. 24 hours $1.75 billion rose to $ 2.98, approaching the $ 3 mark.

Stock markets also reacted positively, with the S&P 500 index adding 1.7% and the Nasdaq 100 gaining 2.2%. Economic stability and growing investor confidence continue to drive growth in the crypto market, making Bitcoin one of the main assets in this area.