Bitcoin is close to mark of $100,000 on Fed expectations

11:48 - 16.01.2025


January 16, Fineko/abc.az. Bitcoin is testing the psychological mark of $ 100,000, showing on the eve of the most powerful intraday rise in the coming year amid encouraging inflation data in the U.S.

ABC.AZ reports, citing Bloomberg, that a fresh report has spurred global markets, renewing expectations for further Fed rate cuts this year. Attention is now turning to the expected policies after the inauguration of president-elect Donald Trump on January 20, including possible steps to support the crypto industry.

Speculators assess the risk of inflationary tariffs and immigration policies against Trump's promise to make the U.S. a global center of digital assets. The Republican also previously supported the idea of creating a national bitcoin reserve.