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Bitcoin Lifted Above $100,000 on Firming Expectations of Fed Cut
Bitcoin renewed a climb past $100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut. The digital asset rose nearly 5% on Wednesday in the US, the most in two weeks, before paring some of the gain to change hands at $100,665 as of 8:52 a.m. on Thursday in Singapore. Smaller tokens traded in relatively tight ranges. President-elect Donald Trump’s moves to undo a Biden administration crypto crackdown in favor of looser regulations helped to push Bitcoin to an all-time peak of $103,800 on Dec. 5. But the original cryptocurrency subsequently struggled to stay above the ... (full story)