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FED's Interest Rate Decision Spurs Bitcoin Surge Above $106,000

by aria-crypto.com

January 31, 2025 at 13:35

FED's Interest Rate Decision Spurs Bitcoin Surge Above $106,000

Bitcoin's price soared to over $106,000 in response to the Federal Reserve's recent interest rate announcement. The FED's decision on Wednesday to maintain interest rates followed consecutive rate cuts in the previous two months. This stability comes even though the date of the next potential rate cut remains uncertain into 2025. The PCE data, a crucial inflation gauge for the FED, showed no surprises for December, aligning with expectations. The Core Personal Consumption Expenditure Price Index annually remained steady at 2.8%. On a monthly basis, the core index increased slightly, matching the predicted 0.2%. Similarly, the broader Personal Consumption Expenditure Price Index showed a yearly rise to 2.6% and a monthly increase to 0.3%. Bitcoin's immediate rise following the news highlights its sensitivity to major economic indicators and FED policy changes.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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