2024-12-25T13:55:48+0800

In a surprising move, Bitcoin (BTC) surged past $106,000 before settling at $104,500 as traders anticipated a potential rate cut from the U.S. Federal Reserve. Although a reduction to 4.25%-4.5% could create a bullish environment, uncertainty surrounding the Fed’s cautious outlook may dampen market enthusiasm. As the Fed prepares to release its forecasts on December 18, any "hawkish" signals could pose challenges to Bitcoin's upward momentum. Nevertheless, with seasonality favoring cryptocurrencies and a supportive global liquidity landscape, Bitcoin's bullish narrative appears resilient; investors should keep an eye on upcoming economic indicators to gauge inflation trends and their effects on risk assets.