Bitcoin briefly surpassed $101,000 after a 3% surge following November’s Consumer Price Index (CPI) numbers. Investor confidence is high, with a 98% probability of a 25 basis point rate cut by the Federal Reserve next week, potentially bringing the US benchmark interest rate to 4.33%. Bitcoin was trading at $100,215 after bears failed to sustain a retracement below the six-figure level.
Ethereum, XRP, Solana, Cardano, Tron, and Avalanche also experienced double-digit price increases. The average crypto market gains over the past 24 hours stood at 7.8%.
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<p>The post Bitcoin Surges Past $101,000 as Fed Rate Cut Expectations Rise first appeared on CoinBuzzFeed.</p>
