$BTC

Bitcoin (BTC/USD) is trading at $99,280, gaining around 1% on Monday as optimism grows ahead of President-elect Donald Trump’s inauguration on January 20. The rally, driven by positive sentiment and institutional demand, faces potential headwinds from the Federal Reserve’s January 29 FOMC meeting.

Markus Thielen of 10x Research expects a temporary pullback before the release of U.S. CPI inflation data on January 15. “Bitcoin could consolidate near $97,000 before the FOMC meeting adds fresh volatility,” he said.

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