Bloomberg: Fed rate cut expectations strengthen, Bitcoin breaks through $100,000 again

ChainCatcher news, according to Bloomberg, the latest U.S. inflation data has strengthened bets on the Federal Reserve cutting interest rates again, and Bitcoin has once again surpassed $100,000. The prospect of a loose monetary environment has eased investor sentiment, driving the tech-heavy Nasdaq 100 index to a record high.

Henry Elder, head of UTXO Management, stated, "The market likes to see inflation rates meet expectations." He added that traders are "trying to figure out whether $100,000 is a ceiling or a floor."

Since Trump won the U.S. election on November 5, Bitcoin has risen by about 50%, with approximately $11 billion net inflow into U.S. Bitcoin spot ETFs during this period, while Ethereum spot ETFs attracted $2.4 billion in net inflow.