Bitcoin Eases After Brief Return Above $100,000
January 16, 2025
The price of Bitcoin eased after briefly returning above $100,000 following an unexpected fall in U.S. core inflation data Wednesday.
The softer-than-expected inflation data and renewed optimism over potential crypto-friendly policies from U.S. President-elect Donald Trump boosted bitcoin earlier, Saxo Bank analysts said in a note.
While bitcoin has returned below $100,000, analysts remain optimistic about further gains. Bitcoin fell 0.9% to $98,816 after hitting a one-week high of $100,805 overnight, according to LSEG. It reached a record high of $108,379 on December 17.
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