The main cryptocurrency advances 1.1% to US$99,049. Thus, it remains almost 8% of its historical record of US$108,135, reached on December 17.
Bitcoin(BTC) scores its second consecutive increase this Wednesday, December 25 after losing the level of US$100,000 last week, a level that it aims to recover in the last few hours. Little by little, investors seem to put aside the caution adopted in the face of signals of macroeconomic tightening issued by the United States Federal Reserve (Fed).
The main cryptocurrency advances 1.1% to US$99,049. Thus, it remains almost 8% of its historical record of US$108,135, reached on December 17.
On the previous day, BTC jumped 4%, the most significant increase since December 9.
In this way, Bitcoin is on track to accumulate a superlative advance of 134% throughout 2024.
Despite the recent 25 basis point cut in interest rates, the Fed anticipated that future declines will be more limited than expected, projecting only two cuts by 2025 compared to the four announced in September. Additionally, its forecast for next year includes higher inflation, driven by stronger economic growth and declining unemployment.
Source: Ambito
