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File: /home/ipsit/public_html/application/controllers/Articles.php
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File: /home/ipsit/public_html/application/controllers/Articles.php
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File: /home/ipsit/public_html/application/controllers/Articles.php
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File: /home/ipsit/public_html/application/controllers/Articles.php
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File: /home/ipsit/public_html/application/controllers/Articles.php
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Filename: drivers/Session_null_driver.php

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Function: require_once

NRIPage | Articles | Bitcoin Hits $106,000 as Investors Anticipate Fed Rate Cut | Get Indian Desi Visa & Immigration News in USA. Navigate Visa & Immigration Processes with Ease - NRI Page
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Bitcoin Hits $106,000 as Investors Anticipate Fed Rate Cut

Bitcoin Hits $106,000 as Investors Anticipate Fed Rate Cut

Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets.

Bitcoin has risen over 77% in the last year, and its recent gains are also attributed to growing institutional interest and a more crypto-friendly regulatory environment expected under President-elect Donald Trump. Trump has expressed intentions to make the US a global leader in cryptocurrency, which has further bolstered market sentiment.

In addition, MicroStrategy, the world’s largest Bitcoin investor, is set to be listed on the Nasdaq 100 index, which could further fuel optimism in the cryptocurrency market. Bitcoin's growth is also driven by investor sentiment, with many viewing the cryptocurrency as a dominant asset in the digital currency space.

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