News 
Coin Information 
About us 
Bitcoin (BTC) surged back above the $100,000 threshold this week, fueled by speculation surrounding the Federal Reserve’s anticipated interest rate cuts. Renewed optimism drove Bitcoin to a session high of $101,201 on Wednesday after days of volatility, as investors reacted to favorable inflation data from the U.S. Bureau of Labor Statistics.
The Consumer Price Index (CPI) report for November showed an annual inflation rate of 2.7%, aligning with market expectations. Monthly inflation rose 0.3%, while core inflation, which excludes volatile food and energy prices, matched forecasts with a 3.3% annual increase. These figures bolster confidence that the Federal Reserve will proceed with its monetary policy easing in its upcoming meeting.
Traders now expect a near-certain quarter-point rate cut next week, with the Fed likely to pause further cuts in January to assess the cumulative effects of earlier decisions. Bitcoin, which is highly sensitive to macroeconomic developments, saw its value climb nearly 5% in the last two days, marking its strongest rally in two weeks.
Milestone Achieved: Bitcoin’s Journey Beyond $100K
Bitcoin first crossed the $100,000 mark on Dec. 5, a historic milestone for the cryptocurrency market. After 5,256 trading days, Bitcoin not only achieved this monumental price point but also briefly elevated its market capitalization to over $2 trillion.
The cryptocurrency has since retested this level multiple times, reaching highs of $101,984 on Wednesday and $101,953 today. Industry insiders are now speculating on Bitcoin's next move, with many pointing to its potential to double in value within the next year.
Bitwise, a prominent Bitcoin ETF issuer, recently released a series of bold predictions for 2025. Among the highlights is a projection that Bitcoin could reach $200,000, supported by increased institutional investment in Bitcoin ETFs, a tightening supply due to the 2024 halving, and an improved regulatory environment. Bitwise anticipates that these factors will usher in what it calls a "golden era" for cryptocurrency.
Netizens Weigh In on Bitcoin’s Next Move
The buzz surrounding Bitcoin's price action has ignited a flurry of reactions on social media. Here’s what some netizens had to say on X (formerly Twitter):
- @CryptoInvestor88: “BTC hitting $200K? Count me in! This is just the beginning of the golden era!”
- @SkepticTrader: “These predictions sound great, but let’s not forget Bitcoin’s volatility. Buckle up, folks.”
- @HODLForever: “$100K was a dream a few years ago. $200K? Totally possible with ETFs in the mix.”
- @GoldDiehard: “Bitcoin replacing gold? Keep dreaming. This is just another pump-and-dump cycle.”
- @TechBullish: “The Fed’s rate cuts are playing into Bitcoin’s hands. $200K feels inevitable!”
- @RiskyTrader23: “The rally looks good, but I’ll believe it when I see consistent gains above $150K.”
Comment 0