The price of Bitcoin topped $100,000 Wednesday, surpassing the psychological mark for the second time since the Federal Reserve’s hawkish outlook put pressure on risk assets.
When the U.S. central bank signaled in December that it would cut interest rates at a slower pace this year, Bitcoin tumbled from its peak price above $108,000. As signs of strength in the U.S. economy deepened inflation concerns, Bitcoin’s price fell below $90,000 on Monday.
Showing a nearly 4% gain over the past day, Bitcoin is trading hands at $100,444, as of this writing. Wednesday’s jump followed a fresh inflation snapshot from the Bureau of Labor Statistics, which showed that consumer prices rose as expected in December, while core inflation fell.
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