China News by Thebittimes.Com

1. U.S. December CPI MoM at 0.4%, Surpassing 0.3% Expectations link The United States reported a seasonally adjusted CPI monthly growth rate of 0.4% for December, exceeding the forecast of 0.3% and the previous value of 0.3%. The unadjusted annual CPI growth rate for December stood at 2.9%, aligning with expectations but higher than the prior reading of 2.7%. This marks the third consecutive monthly rebound, reaching a new peak since July 2024. Meanwhile, the unadjusted core CPI annual growth rate came in at 3.2%, the lowest since August 2024, slightly below market expectations of 3.3%. QCP Analysis highlighted that global markets rallied on the lower-than-expected CPI data, with Bitcoin surging to nearly $100,000. Bitcoin spot ETFs recorded a single-day net inflow of $723 million, reflecting robust institutional demand. In the options market, investors heavily purchased call options with strike prices ranging from $100,000 to $110,000, further underscoring optimism about the outlook ...

 hold on to the 20k mark. Experts believe Bitcoin’s price will rise again with another bull run, but all indicators show that will not be happening anytime soon.  However, Dash2Trade (D2T), Calvaria (RIA), and Impact Project (IMPT) have shown massive potential and are poised to pump 5x their current value or more in the last weeks of the year. Here’s why.  Macroeconomic Events Affect BTC  Bitcoin had an unsteady first half of the year, but experts believe the coin will eventually hit $100,000 in 2023. However, demand for digital currency has drastically dropped as macroeconomic events affect its ability to add value.  From the Fed’s rate hike to inflation and various crypto reforms and regulations, the market’s sentiment has been hit. As a result, Bitcoin has moved from its 2021 $69k all-time high (ATH) to just a little above $20k at press time.    Bitcoin’s price has traded sideways below the $...