$BTC
Bitcoin 120K
Bitcoin broke a new record, exceeding 106 thousand dollars.
Are the data of strategic reserves transforming?
The biggest reason for the interruption of Bitcoin's rise was undoubtedly Donald Trump's "Yes, probably do that" response to the question of whether to create Bitcoin on Saturday night. Following this sentence, the US media wrote that Trump would take steps to create this reserve as soon as he took office in the White House.
Fed cut is coming
One of the developments that can be added to the news will be the Fed interest rate decision to be announced this week. Markets expect the US Federal Reserve to cut interest rates by 25 basis points on Wednesday evening. The 25 basis point discount rate is priced at over 97% on the CME Fed Watch Tool. The Fed has considered a total reduction of 75 basis points so far this year. Here, the Fed's discount rate may have triggered the rise in Bitcoin price again.
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