Bitcoin Rises to $88,000 on Rate Cut Expectations and Easing US-China Tensions [Crypto Briefing]

[Financial News] On the 25th, Bitcoin (BTC) climbed to the $88,000 range. This rise is attributed to growing expectations for additional interest rate cuts by the Federal Reserve System (Fed) within the year, as well as improved investor sentiment due to easing tensions between the United States and China.
According to global digital asset information platform CoinMarketCap, as of 10:10 a.m., BTC was trading at around $88,000, up 1.41% over the past 24 hours. Over the past week, BTC has declined by 4.34%.
In the Korean won market, BTC is trading at approximately 132 million won. According to the global digital asset market comparison platform Cryprice, the Korea premium stands at 1.99%.
Until last week, the digital asset market expected the Fed to keep rates unchanged in December. However, John C. Williams, President of the Federal Reserve Bank of New York (FRBNY), indicated support for a rate cut on the 21st (local time), making further cuts more likely. According to the Chicago Mercantile Exchange (CME) FedWatch Tool, the interest rate futures market raised the probability of a 0.25 percentage point cut by the Fed next month to 80% as of the 21st (local time).
Easing US-China tensions also served as a positive factor. On the 24th (local time), President Donald Trump stated on his social media platform Truth Social, "I had a very good phone call with Chinese President Xi Jinping," adding, "President Xi invited me to visit Beijing in April next year, and I accepted." As a result, President Trump is scheduled to visit China in April next year, and President Xi is expected to make a state visit to the United States in the second half of next year.
Previously, at the end of last month, the US and Chinese leaders met in Busan on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. The US agreed to lower tariffs on Chinese products, while China agreed to temporarily suspend new export controls on rare earths.
At the same time, Ethereum was trading at $2,941, up 5.34% from the previous day. Ripple rose 10.15% to $2.25.

[email protected] Im Sang-hyuk Reporter