Bitcoin recently surged to 105,004 USD: Bitcoin has risen to 105,004 USD, reflecting a 3.5% increase as the Federal Reserve signals a rate cut. This rise forms part of a larger upward trend following the recent U.S. Elections and substantial ETF inflows, yielding a year-to-date increase exceeding 140%.
Rate cuts historically boost cryptocurrency prices: Historical data shows that rate cuts often lead to price rebounds in cryptocurrencies like Bitcoin. Analysts generally expect further gains after recent surges, noting institutional engagement and regulatory developments as significant factors driving this bullish sentiment.