Bitcoin Approaches $100K Amid Market Shifts
- Bitcoin surged past $97,000 on January 14, influenced by a Supreme Court tariff delay and tensions between the Federal Reserve and Trump.
- The number of Bitcoin ordinals inscriptions exceeded the milestone of 100 million, despite a cooling in hype.
- Ripple locked RLUSD at LMAX Digital, indicating strategic moves in institutional crypto markets.
This week saw significant developments in the cryptocurrency market as Bitcoin neared the $100K mark due to external economic factors and internal market dynamics. The rise in ordinal inscriptions highlights ongoing interest even as enthusiasm wanes.
Bitcoin’s surge past $97,000 underscores its resilience amidst macroeconomic influences, while the surpassing of over 100 million ordinals indicates sustained activity within the crypto community despite reduced hype. (Source)
