According to Zhitong Finance APP, Bitcoin has recorded its largest increase since the beginning of the year, returning above $100,000, driven by reassuring U.S. inflation data that has revived bets on further interest rate cuts by the Federal Reserve and boosted global markets.
On Thursday, Bitcoin briefly rose to around $100,800, and as of the time of writing, this digital asset hovered around $100,120. Following the release of inflation data by the U.S. Bureau of Labor Statistics, this digital asset rose more than 3% in the previous trading day. Tokens such as Ethereum and Ripple saw even more pronounced rebounds.
The report noted that core consumer prices are cooling, which has reignited bets on the Federal Reserve cutting interest rates again before July, boosting both the stock and bond markets. Attention is now turning to the policy blitz expected after the inauguration of U.S. President-elect Trump on January 20, which may include measures to support the cryptocurrency industry.
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250116/1736992489307014.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="image.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250116/1736992489307014.png"/>
Speculators are weighing the risks of inflation tariffs and immigration policies, as well as Trump's vow to make the U.S. the global home for digital assets. The Republican also supports the idea of establishing a national Bitcoin reserve.
A key question is whether Bitcoin will experience a &#34;sell the news&#34; reaction when Trump, who saw Bitcoin prices rise 50% after winning the election on November 5, takes office, especially after reaching a record high of $108,316 last month.
Cosmo Jiang, portfolio manager at Pantera Capital, stated, &#34;Our understanding is that Trump will issue a large number of executive orders shortly after taking office next week, some of which will be particularly favorable to digital assets. In the short term, we may see some investors sell the news, but these investors will lose out in the long run.&#34;

GBTC

Bitcoin returned to $100,000, marking the largest increase since the beginning of the year, as reassuring U.S. inflation data revived expectations for a Federal Reserve rate cut. Bitcoin briefly rose to around $100,800 on Thursday before retreating to around $100,120. Tokens such as Ethereum and Ripple also saw a rebound. The market is paying attention to potential cryptocurrency-supportive policies that may be introduced after Trump's inauguration. Investors are weighing the risks of inflation and immigration policies, and a "sell the news" trend may emerge in the short term

- Bitcoin has seen its largest increase of the year, surpassing $100,000, driven by reassuring U.S. inflation data that boosted bets on further Federal Reserve rate cuts.  
- Following the release of inflation data, Bitcoin rose over 3% in the previous trading day, with Ethereum and Ripple also experiencing significant rebounds.  
- Attention is now on potential policy changes after President-elect Trump's inauguration on January 20, which may include measures supporting the cryptocurrency industry.

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Inflation slowdown reignites interest rate cut expectations, Bitcoin returns to $100,000 marking the largest increase of the year