Bitcoin Storms Above$ 100K as Prices Fears Fade Back of Trump’s Opening

The price of Bitcoin topped$ 100, 000 Wednesday, surpassing the psychological level for the second day since the Federal Reserve’s aggressive view put pressure on danger assets.

Bitcoin fell from its maximum price of more than$ 108,000 when the U.S. central bank indicated in December that it would cut interest rates at a slower rate this year. As signs of strength in the U. S. business deepened prices issues, Bitcoin’s rate fell below$ 90, 000 on Monday.

Showing a nearly 4 % gain over the past day, Bitcoin is trading hands at$ 100, 444, as of this writing. Wednesday’s climb followed a new inflation snapshot from the Bureau of Labor Statistics, which showed that consumer prices rose as expected in December, while core cpi fell.

” The previous possible hurdle for the markets—persistent inflation—has then been cleared”, Matt Mena, a blockchain study strategist at 21Shares, told . This was the last piece of the market’s “waiting list” before safely breaking the necessary$ 100, 000 tolerance level for Bitcoin as inflation continues to show signs of cooling.

As Bitcoin’s cost rose, currencies like XRP notched substantial gains. The Ripple-linked cryptocurrency’s price has increased 11 % over the past day, as of this writing—barreling past its December peak of$ 2.82 and peaking just one cent shy of$ 3 earlier Wednesday.

Ethereum’s price has meanwhile increased nearly 8 % over the past day, rising to$ 3, 460. Those gains were slightly outpaced by Dogecoin and Solana, which swelled to nearly$ 0.38 and$ 203, respectively.

Concerns that the Fed does not reduce rates at all in 2025 were eased by Wednesday’s inflation print, which came as a result of new data showing that the U.S. economy is still strong, as well as possible changes in immigration and trade policy under Trump that could also cause prices to rise.

Currency’s price breached$ 100, 000 for the first time ever in early December. The rise was likely brought on by a number of factors, including the rising popularity of spot Bitcoin ETFs in the United States, the victory of a crypto-friendly Trump in the election, and perhaps even the return of” McRib season.”

Inflation fears perhaps had jeopardized Bitcoin’s post-election gains, but the bitcoin markets ‘ interest will probably move toward President–elect Donald Trump back of his commencement.

The Republican will take over the White House on Monday, and he will start issuing professional commands in crypto-related matters. That will probably involve the creation of a political bitcoin council, among various regulatory initiatives, reported Monday.