CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Bitcoin recovers $100k price level as expectations of Fed rate cut rise

11.12.2024
A A
0
121
VIEWS
ShareShare

Bitcoin (BTC) briefly surpassed the $101,000 threshold after a 3% surge in the hours following November’s Consumer Price Index (CPI) numbers, which came within the 2.7% expectations.

The rally has fueled investor confidence, with a 98% probability now assigned to a 25 basis point rate cut by the Federal Reserve next week, potentially bringing the US benchmark interest rate to 4.33%.

As of press time, Bitcoin was trading at $100,215 after bears failed to sustain a retracement below the six-figure level, based on CryptoSlate data.

Bitcoin’s latest gains come after a 10% correction from its record high of $103,918.67 reached on Dec. 5. During the pullback, the market experienced two flash crashes, with BTC briefly dipping to $90,200 before recovering.

Despite the volatility, CryptoQuant CEO Ki Young Ju believes that Bitcoin’s corrections in this bull cycle may remain limited, driven by growing demand from exchange-traded funds (ETFs) and unprecedented levels of institutional accumulation.

Wider market rally

The wider crypto market also rose with Bitcoin amid rising expectations of rate cuts.

Based on CryptoSlate data, Ethereum (ETH) was up 7.5% in the past 24 hours, surpassing $3,800, while XRP was up 20% over the same period to $2.42.

Solana (SOL), Cardano (ADA), Tron (TRX), and Avalanche (AVAX) also registered double-digit price increases — climbing 11%, 16%, 10.6%, and 13%, respectively. Meanwhile, Sui (SUI) returned to the top 20 largest cryptos by market cap after a 20% surge to $4.25.

According to Artemis data, the average crypto market gains over the past 24 hours stood at 7.8%. Tokens related to centralized exchanges had the best average daily performance, with a 17% upside.

Meanwhile, native tokens for bridges, such as LayerZero (ZRO) and Wormhole (W), were up 10% on average. Additionally, none of the 22 sectors tracked by Artemis performed negatively over the past 24 hours.

The post Bitcoin recovers $100k price level as expectations of Fed rate cut rise appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership
Analysis

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
0

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from...

Read moreDetails
Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

04.07.2025
Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

04.07.2025
Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

04.07.2025
MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

04.07.2025
Load More
Next Post
MicroStrategy’s Nasdaq 100 Status Tied to ICB Classification: Bloomberg Intelligence

MicroStrategy’s Nasdaq 100 Status Tied to ICB Classification: Bloomberg Intelligence

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion

U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion

1 year ago
Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

Crypto Price Prediction Today 24 June – SHIB, TON, PEPE

2 weeks ago
Solana Bridge Quantity Surges to All-Time Excessive of Over $10 Billion

Solana Bridge Quantity Surges to All-Time Excessive of Over $10 Billion

5 months ago
Solana’s Mad Lads NFTs Hit Record-Breaking All-Time High

Solana’s Mad Lads NFTs Hit Record-Breaking All-Time High

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Trending

UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC
All news

UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC

07.07.2025
0

The Smarter Web Company, a London-listed technology firm, has announced the acquisition of an additional 226.42 Bitcoin...

US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

07.07.2025
[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

07.07.2025
Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

07.07.2025
Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz