Bitcoin Breaks $100K On Expectations Of U.S. Interest Rate Cut...Trump Rally Started?
블록스트리트 등록 2025-01-16 16:42 수정 2025-01-16 16:42
 surpassed $100,000 on Jan. 16 in anticipation of a rate cut in the U.S. The U.S. Consumer Price Index(CPI) for December, which was announced on Jan. 15, rose 0.39% month-on-month, slightly higher than Wall Street\'s estimate of 0.38%. In particular, core CPI, excluding food and energy, rose 0.2% month-on-month and 3.2% year-on-year, falling short of market expectations. As the U.S. CPI, which plays a key role in the U.S. Federal Reserve\'s interest rate decision, stabilized, \'risk assets\' rebounded all at once. A', 'https://img.blockstreet.co.kr/photo/2023/01/26/20230126000026_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025011616424204667'));){kind=link}
U.S. CPI Meets Market Expectations...BTC Breaks $100K Again
Altcoin Hits Over BTC Rise On New SEC Leadership Expectations
Experts "BTC Expects Rally Before Trump's Inauguration"
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The U.S. Consumer Price Index(CPI) for December, which was announced on Jan. 15, rose 0.39% month-on-month, slightly higher than Wall Street's estimate of 0.38%. In particular, core CPI, excluding food and energy, rose 0.2% month-on-month and 3.2% year-on-year, falling short of market expectations.
As the U.S. CPI, which plays a key role in the U.S. Federal Reserve's interest rate decision, stabilized, 'risk assets' rebounded all at once.
Along with Bitcoin's rise, altcoins rose sharply in anticipation of the launch of a new administration in the United States.
Reuters reported that former SEC commissioner Paul Atkins, whom Trump himself named as the new SEC chairman, plans to begin a comprehensive regulatory review of cryptocurrency and blockchain technology in the first 100 days after taking office. Based on Reuters reports, altcoins, which had been suppressed under existing SEC leadership, have rebounded.
A number of altcoins registered gains of more than 5%.
◇Bitcoin = Bitcoin price is $99,686 at 4:30 p.m. on Jan. 16, 2025. The Bitcoin share (dominance) was 57.66%.
The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 46.75% and 53.25%, according to the on-chain analytics platform Sigbtc.
With Trump's inauguration as the 47th U.S. president just days away, the prospect of Bitcoin introducing a 'Trump Rally' has been revealed.
"Given the increased overall sensitivity to interest rates over the past month, the importance of the CPI indicators released on the day was even greater," K33 Research analyst Bettle Lunde and David Zimmerman said in an investor note. "Trump momentum could still be formed in the days ahead of Trump's inauguration."
◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jan. 16 was Steam Dollar (SBD), which rose about 31%.
Steam Dollar is a cryptocurrency issued by Steam It to preserve the monetary value and liquidity of Steam. Steam It can evaluate the uploaded content with a blockchain-based SNS platform and pays Steam as a reward according to the evaluation.
◇Fear Greed Index = The cryptocurrency fear-greed index provided by Alternative has entered the 'Greed' phase with 75 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. As it is highly likely to form a short-term high, caution should be taken in selling.
The cryptocurrency relative strength index(RSI) provided by Sigbtc was 67.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.
권승원 기자 ksw@blockstreet.co.kr