Bitcoin Surges Amid Trump Inauguration Anticipation
- Bitcoin’s price increased by 11% from lows under $90,000 earlier in the week.
- The cryptocurrency briefly exceeded $100,000, marking a nearly 3% rise in 24 hours.
- A softer core CPI report alleviated concerns about hawkish Federal Reserve policies.
- Trump’s potential pro-crypto policies contribute to market optimism.
- The Nasdaq 100 index surged over 2%, showing a strong correlation with Bitcoin.
The price of Bitcoin has risen by approximately 11% from earlier lows, reaching over $100,000 at one point. This increase coincides with expectations of pro-crypto policies from President-elect Donald Trump and follows a favorable core CPI report.
