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02/07 16:37
Bitcoin Hot News 📰🔥🔥
The recent wave of market optimism that pushed the price of the leading cryptocurrency into the six-figure range was driven by the major shifts in the rhetoric of the U.S. monetary macro situation.
With the unemployment rate falling according to the latest data, suggesting a slowdown in inflation, several Fed speakers hinted that the Fed's rate and monetary easing may begin sooner than expected. In short, traders heard a hint of "money printing" and immediately showed their reaction in the market's quotes.
To put that in perspective, there was a total of $106 million in short liquidation over the last 24 hours, so almost half of that came from this spike in Bitcoin to $100,000.
Since then, the price of BTC has cooled off a bit, but such large price movements should not be surprising given the market conditions of the past few days. It would not be surprising to see the price move from $97,000 to $105,000 in the near future.
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#Tariffs Crash Crypto#BTC price hits a new high of $120,000! #Grab $100,000 Surprise Gifts#Santa Claus Rally#The Federal Reserve announced a rate cut
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