Bitcoin Briefly Tops $100K as Crypto Markets Surge on Inflation Data

Bitcoin and XRP lead gains in a rebounding cryptocurrency market, fueled by easing inflation concerns and optimism surrounding regulatory shifts under the incoming Trump administration.

Bitcoin surpassed the $100,000 mark for the fourth time, driven by cooling inflation data and expectations of a more crypto-friendly regulatory environment under President-elect Trump.
XRP reached a seven-year high of over $3, bolstered by speculation about potential ETF approvals and Ripple's expanded partnerships and product launches.
The broader cryptocurrency market saw significant gains, with Ethereum, Dogecoin, and Solana also rebounding after recent declines in prices.
Institutional interest and reduced leverage in Bitcoin trading have contributed to a healthier market dynamic, with open interest in BTC futures at its lowest level since November.
The upcoming Trump inauguration and anticipated policy changes are seen as potential catalysts for further market momentum, with analysts projecting continued growth for digital assets.