Cryptocurrencies
Bitcoin Flirts With $100,000 Level as Angst Over Fed Path Eases
- Digital assets jumped alongside stocks on cooling US inflation
- Traders await Trump’s inauguration and expected policy blitz
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Bitcoin hovered near $100,000 after notching its biggest gain of the new year on reassuring US inflation data that lifted global markets by reviving bets on further Federal Reserve interest-rate cuts.
The digital asset was fluctuated at about $99,300 as of 9:30 a.m. in New York, after earlier breaching the closely-watched threshold, holding on to most of the more than 3% jump sparked by the Bureau of Labor Statistics figures a day earlier. Tokens such XRP and Solana continued to press higher.