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Bitcoin breaks through $95,000, macroeconomic stabilization drives a rebound in the crypto market
【Crypto World】Bitcoin has recently experienced a significant surge, with the price reaching around $95,000, a short-term increase of 5%. This rally has driven the entire crypto market, with the total market capitalization growing by 4.45%, and Bitcoin accounting for as much as 61% of it.
What triggered this rally? Mainly, it’s the change in signals from the US economy. The latest CPI data shows a year-on-year increase of 2.7%, which aligns perfectly with market expectations; more notably, the core CPI has fallen to 2.6%, hitting a near five-year low. These figures send a signal to the market — the Federal Reserve might consider cutting interest rates.
The policy environment in the cryptocurrency sector is also improving, with related regulatory bills progressing smoothly, further boosting investor optimism. Strong spot purchase demand has become the main driving force behind the rally. Many strategists are optimistic about the future, believing Bitcoin could reach $100,000 in the short term. An increasing number of people are viewing Bitcoin as a macro hedge asset, reflecting a shift in market sentiment.