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Bitcoin retakes $100k after US inflation data and Trump’s promise to keep his eye on price
Bitcoin retakes $100k after US inflation data and Trump’s promise to keep his eye on price

Share link:In this post: Bitcoin smashed $100,000 again, hitting $101,184 after new inflation data and Trump hyping up the crypto world. Ethereum and the rest of the crypto market jumped too, with Coinbase and MicroStrategy stocks getting a nice boost. Analysts are saying Bitcoin could hit $200k to $250k by 2025, thanks to more big players jumping on board.

Cryptopolitan·2024/12/11 22:44
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  • 15:21
    Analyst: The VIX Index's Second-Biggest One-Day Gain in History Yesterday Signals Bitcoin May Have Hit a Local Bottom
    The Chicago Board Options Exchange Volatility Index (VIX) reportedly surged 74% on 18 December, marking the largest one-day increase since February 2018 and the second highest in history. Analysts say the spike stemmed from market fears triggered by the Fed's 25-basis-point rate cut and Powell's hawkish comments, which led to Bitcoin falling below $100,000 at one point and U.S. stocks dropping by about 3%. Historical data shows that large spikes in the VIX often signal that bitcoin has hit a local bottom, such as in February 2018, when bitcoin rallied from $6,891 to more than $11,000 after the VIX surged 116%, and in August 2024, when the VIX rose 65%, bitcoin rallied from $54,000 to $64,000.
  • 15:21
    ACT falls to touch 0.3542 USDT, 24H down 22.34 per cent
    ACT fell to 0.3542 USDT, down 22.34% in 24H, the market showed.
  • 15:20
    U.S. initial jobless claims for the week to 14 December 220,000, fell more than expected
    On 19 December, it was reported that US initial jobless claims fell more than expected last week, in line with the gradual cooling of job market conditions. The U.S. Department of Labour announced on Thursday that first-time initial jobless claims fell by 22,000 to a seasonally adjusted 220,000 (230,000 in a Reuters poll) in the week to December 14th.
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