Interest rate cut expectations rise, Bitcoin returns above $100,000
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After the latest inflation data in the United States supported expectations for interest rate cuts, Bitcoin returned above $100,000, rising nearly 5% on Wednesday to $101,300. Trump's support for cryptocurrencies propelled Bitcoin to a historic high of $103,800 on December 5. The U.S. November CPI rose 2.7% year-on-year, in line with expectations, and traders raised the probability of a Federal Reserve rate cut in December to about 90%. Since the election victory on November 5, Bitcoin has risen about 50%
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