Bitcoin's value surges past $100,000, hitting highs after positive U.S. inflation data

From Investing.com

January 16, 2025 2:00:25 pm:

Satoshi Nakamoto’s legendary statement from 16 years ago about Bitcoin potentially catching on continues to inspire the cryptocurrency community. Bitcoin, which was worth $0 at the time, has since skyrocketed to $99,332 and reached a high of $108,268 in December 2024.

Bitcoin surged past $100,000 following a significant increase fueled by encouraging U.S. inflation data. The digital asset hit highs of $100,880, with a more than 3% increase, after the Bureau of Labor Statistics report hinted at falling core consumer prices, reigniting expectations for another Federal Reserve interest-rate cut.

Read more at Investing.com: Satoshi Nakamoto’s Legendary Bitcoin Quote Rings True After 16 Years By U.Today