Bitcoin's price is up 2.6% on Wednesday as investors anticipate faster rate cuts in the US.
The entire cryptocurrency market followed BTC, and experts predict volatility will persist.
Higher US CPI translated to higher Bitcoin price
Bitcoin
price approached the psychological barrier of $100,000 following December's
inflation increase in the United States. Along with BTC, altcoins also rose as
investors anticipate the Federal Reserve may be forced to cut rates sooner than
planned13.
Why is Bitcoin Up? US CPI
Inflation Rose 0.4% in December 2024
On
Wednesday, January 15, 2025, the US Bureau of Labor Statistics (BLS) reported
that the Consumer Price Index (CPI) increased by 0.4% last month.
"The
Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a
seasonally adjusted basis in December, after rising 0.3 percent in November.
Over the last 12 months, the all items index increased 2.9 percent before
seasonal adjustment," the BLS commented.
The higher
monthly inflation reading caused the CME FedWatch tool to indicate a 30%
probability of a rate cut at the March meeting. The cryptocurrency market,
anticipating interest rate cuts, saw Bitcoin jump 1.4% to $98,500 immediately
after the report, eventually reaching a local daily high of $99,400.
Why is Bitcoin going up? Source: CoinMarketCap.com
This price
action validated yesterday's bullish doji candle (or pin bar) formation, which
emerged when BTC briefly dipped below $90,000. If the trend continues, surpassing the $100,000 level should only be a matter of time. This would pave the way for Bitcoin to retest its all-time high above $108,000.
Paul Howard, Wincent
"Crypto
remains a key indicator of risk assets, and with CPI and inflation figures
exceeding expectations, this improvement is evident in current pricing,” Paul
Howard, Senior Director at Wincent, commented for Finance Magnates. “As
a leading liquidity provider in digital assets, we anticipate a highly volatile
week ahead, particularly with the transition of administration in the US, which
could result in +/-10% price swings for major assets like BTC, SOL, ETH, and
XRP.”
Why Is Crypto Up Today?
Ethereum and Other Altcoins Follow Bitcoin's Lead
Altcoins
quickly followed Bitcoin's lead. Ethereum, the second-largest cryptocurrency by
market capitalization, rose 3% in the past hour to $3,300, while XRP jumped
2.6% to $2.57.
The total
cryptocurrency market capitalization increased by 5.6% to $3.33 trillion, with
daily trading volume surging 25% to $154 billion according to CoinMarketCap
data.
Bitcoin and altcoins are going up. Source: CoinMarketCap.com
“Market
pricing will likely respond to announcements made by the incoming President,
suggesting that current valuations may not fully account for upcoming news,”
added Howard. “Many of these expected announcements are likely to have
long-term implications throughout the year, especially in areas such as
regulatory clarity, adjustments to banking policies, and leadership in matters
like a strategic bitcoin reserve.”
Bitcoin
price approached the psychological barrier of $100,000 following December's
inflation increase in the United States. Along with BTC, altcoins also rose as
investors anticipate the Federal Reserve may be forced to cut rates sooner than
planned13.
Why is Bitcoin Up? US CPI
Inflation Rose 0.4% in December 2024
On
Wednesday, January 15, 2025, the US Bureau of Labor Statistics (BLS) reported
that the Consumer Price Index (CPI) increased by 0.4% last month.
"The
Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a
seasonally adjusted basis in December, after rising 0.3 percent in November.
Over the last 12 months, the all items index increased 2.9 percent before
seasonal adjustment," the BLS commented.
The higher
monthly inflation reading caused the CME FedWatch tool to indicate a 30%
probability of a rate cut at the March meeting. The cryptocurrency market,
anticipating interest rate cuts, saw Bitcoin jump 1.4% to $98,500 immediately
after the report, eventually reaching a local daily high of $99,400.
Why is Bitcoin going up? Source: CoinMarketCap.com
This price
action validated yesterday's bullish doji candle (or pin bar) formation, which
emerged when BTC briefly dipped below $90,000. If the trend continues, surpassing the $100,000 level should only be a matter of time. This would pave the way for Bitcoin to retest its all-time high above $108,000.
Paul Howard, Wincent
"Crypto
remains a key indicator of risk assets, and with CPI and inflation figures
exceeding expectations, this improvement is evident in current pricing,” Paul
Howard, Senior Director at Wincent, commented for Finance Magnates. “As
a leading liquidity provider in digital assets, we anticipate a highly volatile
week ahead, particularly with the transition of administration in the US, which
could result in +/-10% price swings for major assets like BTC, SOL, ETH, and
XRP.”
Why Is Crypto Up Today?
Ethereum and Other Altcoins Follow Bitcoin's Lead
Altcoins
quickly followed Bitcoin's lead. Ethereum, the second-largest cryptocurrency by
market capitalization, rose 3% in the past hour to $3,300, while XRP jumped
2.6% to $2.57.
The total
cryptocurrency market capitalization increased by 5.6% to $3.33 trillion, with
daily trading volume surging 25% to $154 billion according to CoinMarketCap
data.
Bitcoin and altcoins are going up. Source: CoinMarketCap.com
“Market
pricing will likely respond to announcements made by the incoming President,
suggesting that current valuations may not fully account for upcoming news,”
added Howard. “Many of these expected announcements are likely to have
long-term implications throughout the year, especially in areas such as
regulatory clarity, adjustments to banking policies, and leadership in matters
like a strategic bitcoin reserve.”
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
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We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
