From Investing.com
January 16, 2025 01:17 AM:

Bitcoin surged for the third consecutive day, nearing $100,000 due to market optimism post soft U.S. inflation data. It hit $99,478.4, reaching $100,499.8 on Wednesday. As Trump’s inauguration nears, Bitcoin hit a record high of $108,244, with hopes for crypto-friendly policies under the new administration. Analysts predict further growth this year.

Altcoins outperformed Bitcoin in a risk-on sentiment after U.S. inflation data. Ethereum rose 4.4% to $3,371.25, Binance Coin climbed 7.2% to $3,061.6, Solana rose 7.1%, Cardano gained 4.7%, and XRP climbed 3.1%. Meme token Dogecoin also saw a 4.4% increase, reflecting overall positive market sentiment.

Read more at Investing.com: rises for 3rd straight day to $99.5k after soft US inflation By Investing.com