CRYPTO MARKET RALLIES, BITCOIN EYES $100K AFTER US CPI DATA
Bitcoin is approaching $100K as the crypto market surges.
US December CPI data showed inflation rose 2.9%, matching expectations.
Core CPI increased to 3.2%.
XRP, Stellar, AVAX, meme coins, and AI tokens saw significant gains.
The crypto market added nearly $100 billion in market cap after the CPI data release.
BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY Bitcoin price stalled at $100,600 on Wednesday, with a 3% daily gain. Demand for Bitcoin has slowed as traders focus on Trump-related tokens and lending protocols. Bitcoin on-chain transactions dropped by 37% in the last three days. The
GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.
Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller
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