Bloomberg: Expectations of a Fed rate cut increase, Bitcoin breaks through $100,000 again

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ODAILY
12-12
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Odaily Odaily report: The latest US inflation data has strengthened people's bets on the Federal Reserve cutting interest rates again, and Bitcoin has once again broken through $100,000. The prospect of a loose monetary environment has eased investor sentiment, driving the Nasdaq 100 stock index, which is dominated by tech stocks, to a new all-time high. head Henry Elder said: "The market likes to see the inflation rate in line with expectations." He added that traders "are trying to figure out whether $100,000 is a ceiling or a floor." Since won the US election on November 5, Bitcoin has risen about 50%, with a net inflow of about $11 billion into the US Bitcoin spot ETF during this period, and the Ethereum spot ETF has attracted a net inflow of $2.4 billion. (Bloomberg)

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