Cryptocurrencies
Bitcoin Rises Past $100,000 Threshold Amid Risk Rally Renewal
- Bitcoin-Nasdaq 100 correlation is at the highest since 2022
- Inflation data color expectations for US monetary policy
Bitcoin climbed past $100,000 again after softer-than-expected US inflation helped to rekindle demand for riskier assets ranging from equities to cryptocurrencies.
The original digital asset has been trading roughly in a range of $90,000 to $100,000 over the past four weeks. The token rose as much as 3.9% to $100,222 on Wednesday. It last reached $100,000 on Jan. 7, or around $8,000 below a all-time high set on Dec. 17.