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Bitcoin has surged to 'breaking 100,000', will the market turn to greed after the easing of CPI?
Around 9:30 p.m. yesterday (15th), with the release of the U.S. Consumer Price Index, Bitcoin quickly rose from the $96,000 level to the nearly $100,000 range. In the early morning at 4 o'clock today, it even surpassed $100,000, reaching a peak of $100,866, with a maximum increase of 4.1%.
According to Coinglass data, the liquidation volume reached $355 million in 24 hours, with the majority of liquidation being empty positions, amounting to $226 million. Bitcoin continues to surpass $100,000 in a weak overall economy, bringing the market sentiment to a relatively greedy moment.
However, according to experts, the short-term market wait-and-see sentiment has been somewhat released, but it has not broken through this year's high point, indicating that it may enter a period of consolidation for a while. The current price is 99962 US dollars before the deadline, and the 24-hour decline has narrowed to 1.84%.
Ethereum breaks through $3400
At the same time, Ethereum also once broke through the $3400 range, with a relatively larger increase compared to Bitcoin, reaching almost 6.7%, with a temporary price of $3399.6 at the time of deadline.
CPI drives US stocks and Bitcoin
The U.S. Bureau of Labor Statistics (BLS) announced the latest Consumer Price Index at 9:30 pm yesterday, excluding the cost of food and energy, the core CPI rose 3.2% in December last year, lower than market expectations and the previous value of 3.3%; the core CPI in December last year increased by 0.2% lower than market expectations, marking the first decline in 6 months, after continuous growth of 0.3% for 4 consecutive months.
Due to signs of slowing inflation in the market, it also triggered a surge in the US stock market, with the Dow Jones Industrial Average rising by over 700% at one point, and the Nasdaq index, which is highly correlated with Bitcoin recently, has surged by over 2.45%.
Market data also shows that some traders have started betting that the Fed will reverse its decision to cut rates twice this year, which is completely different from the previous market sentiment of only one rate cut in 2025 or no rate cut.