Bitcoin hits $100K again after better than expected CPI data – More to come? – BitRss

• Bitcoin reclaimed $100k, albeit briefly, with both internal and external factors signaling a potential Q1 breakout
• History tells us that the crypto market has a knack for defying mainstream predictions

The latest economic data has put the Fed in a tough spot. No surprise, the crypto market wasted no time reacting. With a 4% hike in market cap, top coins are back in the green, and Bitcoin soon reclaimed $100k, albeit briefly – A level it hasn’t seen in over a week. Coincidence or strategy? This surge seemed to be perfectly in line with Trump’s upcoming inauguration.

Clearly, the stage is set. With all these factors in play, is it still too bold to predict Bitcoin’s new all-time high by the end of this month?

If anticipation outweighs execution…

The crypto market’s reaction to the latest inflation data was no fluke. December’s Core CPI inflation dropped to 3.2%, beating the 3.3% forecast. This unexpected dip has sparked rate-cut optimism, evident in the 4% jump.

This could be the turning point investors have been waiting for. With inflation cooling, the Fed may rethink cutting borrowing costs. Lower interest rates could make leverage …