$BTC
A Rally Powered by Inflation Relief.
Bitcoin crossed $93k for the first time in nearly a week following the release of new US inflation data, which showed inflation was stable. Inflation increased by 0.3% in December, with an annual rate of 2.7%.
For traders, that was enough.
Investors assumed rate cuts could soon be on the horizon, with Jerome Powell's term as Fed chair nearing its end. As a result, they started bidding on risk-related assets. Markets responded with healthy rallies, and cryptocurrencies followed suit.Bitcoin rose by over 2% within 24 hours, trading at approximately $93,406, with volume increasing by 20% to $88.9 billion, according to CoinGlass. Other cryptocurrencies, including Ethereum, XRP, and Solana, also benefited. Dogecoin, in particular, stood out.
On the surface, the outlook appears bullish — a new cycle may be beginning.#Binance #BTC走势分析 #BTC突破7万大关 #bitcoin