Bitcoin Hits All-Time High of $106K as Dollar Lingers near 3-Week Peak Ahead of Fed

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Key Takeaways:

  • 💵 The U.S. dollar is near a three-week high against major currencies before the Fed meeting
  • 📉 The euro weakened due to Moody’s downgrade of France and Eurozone business activity decline
  • 🏦 Expectations of a quarter-point Fed rate cut followed by no cut in January
  • 💱 Investors concerned about potential future inflation under the new U.S. administration
  • 📈 Bitcoin hit an all-time high of $106,533 due to Trump’s suggestion of a U.S. bitcoin reserve
  • 💼 The Bank of England and Bank of Japan are set to announce policy decisions
  • 💹 Bitcoin surged to over $106,000 before a retreat to $104,500 amid concerns about the upcoming U.S. Federal Reserve rate cut
  • 📉 There are concerns that the Fed’s commentary may temper expectations for further easing, potentially impacting the bullish impact of the rate cut
  • 🕑 The Fed will make its rate decision and release interest rate projections and economic forecasts on December 18
  • 📌 Observers believe the Fed may trim its forecasts for rate cuts by the end of 2026
  • 💸 A potential hawkish Fed may lead to Treasury yields and the dollar strengthening, affecting risk assets like BTC
  • 📈 Despite potential Fed actions, seasonality is bullish for BTC and President-elect Trump’s positive regulatory vibes may support the cryptocurrency
  • 🌐 Global central bank rate cuts and rising liquidity, including expected easing from China, keep BTC’s bull case intact
  • 📊 The latest core PCE reading this week will show if recent consumer price inflation upticks are a fluke or indicate a genuine inflation rebound
  • 🌍 Europe is a world leader in crypto ETP
  • 📈 Bitcoin reached above $105,000
  • 📊 Crypto continues to have momentum
  • 👍 Positive outcome expected on SEC case by Kraken Co-CEO
  • 📈 Financial portal with over +951% historical performance
  • 🕑 Customer service available Monday – Friday 9am-12pm / 2pm-6pm GMT +1

Market Insights:

  • 💵 The U.S. dollar is near a three-week high against major currencies before the Fed meeting
  • 🏦 Expectations of a quarter-point Fed rate cut followed by no cut in January
  • 💱 Investors concerned about potential future inflation under the new U.S. administration
  • 📊 The latest core PCE reading this week will show if recent consumer price inflation upticks are a fluke or indicate a genuine inflation rebound

Bitcoin and Cryptocurrency Trends:

  • 📈 Bitcoin hit an all-time high of $106,533 due to Trump’s suggestion of a U.S. bitcoin reserve
  • 💹 Bitcoin surged to over $106,000 before a retreat to $104,500 amid concerns about the upcoming U.S. Federal Reserve rate cut
  • 🌐 Global central bank rate cuts and rising liquidity, including expected easing from China, keep BTC’s bull case intact
  • 📈 Despite potential Fed actions, seasonality is bullish for BTC and President-elect Trump’s positive regulatory vibes may support the cryptocurrency

Federal Reserve Impact:

  • 📉 Market participants are cautious as they await the Federal Reserve’s policy decision
  • 🕑 The Fed will make its rate decision and release interest rate projections and economic forecasts on December 18
  • 📌 Observers believe the Fed may trim its forecasts for rate cuts by the end of 2026
  • 💸 A potential hawkish Fed may lead to Treasury yields and the dollar strengthening, affecting risk assets like BTC
  • 📉 There are concerns that the Fed’s commentary may temper expectations for further easing, potentially impacting the bullish impact of the rate cut

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