Bitcoin (BTC) surpassed $100,000 after the release of the Consumer Price Index (CPI) for November in the U.S., which recorded a year-on-year increase of 2.7%, in line with market expectations. This data boosted expectations that the Federal Reserve (Fed) would cut interest rates by 25 basis points soon, favoring the demand for risk assets such as cryptocurrencies.
Bitcoin experienced a rebound of 6%, while the crypto market as a whole grew by more than 4% in the last 24 hours. Altcoins like XRP, Solana (SOL), and Cardano (ADA) led the gains with increases of 23%, 11%, and 16%, respectively. Other sectors, such as meme coins and artificial intelligence tokens, also reported rises.
However, experts like James Toledano from Unity Wallet urged caution, highlighting Bitcoin's historical volatility and the risk of a correction.