Bitcoin reclaimed the $100K level as US November's inflation data aligned with expectations.
Market participants expect the Fed to cut rates by 25bps due to the steady inflation figures.
The general crypto market also saw an uptick of over 4%, with major altcoins like XRP, SOL and ADA leading the rally.
Bitcoin (BTC) surged above $100K on Wednesday following the release of the US November Consumer Price Index (CPI) data, which came in line with expectations at 2.7%.
