Bitcoin Surges as Trump Prepares for Second Term
- Bitcoin briefly surged above $105,000 per coin.
- The price started the week below $90,000 due to Federal Reserve rate concerns.
- Inflation data showed a 2.9% increase in the Consumer Price Index over the past year.
- $755 million flowed into Bitcoin exchange-traded funds on Wednesday.
- Mining difficulty reached a new high of 110.45 trillion.
Bitcoin’s price experienced significant volatility this week, starting below $90,000 and peaking above $105,000. Key factors included inflation data suggesting potential Federal Reserve rate cuts and substantial ETF investments totaling $755 million mid-week.
Source (2.6)https://decrypt.co/301551/this-week-bitcoin-blasts-off-trump-inauguration?rand=52368
