Bitcoin (BTC) strengthens around $95,000 on rate-cut expectations [Crypto Briefing]

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\r\nFinancial News – BTC climbed to around $95,000 on the 14th. The move is seen as being driven by heightened expectations for interest rate cuts by the Federal Reserve System (Fed), as concerns over inflation in the United States of America (USA) have eased.
\r\nAccording to global digital asset data platform CoinMarketCap, BTC was trading around $95,000 as of 10:50 a.m. that day, up 4.57% over the previous 24 hours. Over the past week, BTC has risen 3.11%.
\r\nIn the Korean won market, BTC is trading at around 139 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium (Kimchi premium) stands at -0.68%.
\r\nThe United States Department of Labor (DOL) announced on the 13th (local time) that the Consumer Price Index (CPI) for December last year rose 2.7% year-on-year. Markets view this as a sign that inflation concerns have eased. While the CPI data for November last year had its statistical reliability questioned due to the Federal Government Shutdown at the time, the latest release was unaffected by any shutdown and matched expert forecasts.
\r\nHan Ji-young, a researcher at KIWOOM Securities, said, “The December CPI provided a neutral-to-positive outcome in numerical terms, and the fact that no upside inflation surprise occurred as month-on-month data omitted during the shutdown normalized was a source of relief,” adding, “The Fed’s first rate cut is expected to take place after the labor market and CPI data for January this year, scheduled to be released next month, are confirmed.”
\r\nInvestor sentiment has improved significantly. The CoinMarketCap Crypto Fear and Greed Index stood at 52 that day, indicating a ‘neutral’ level, more than 10 points higher than the previous day’s 41. The index ranges from 0 to 100, with values closer to 0 interpreted as ‘extreme fear’ and those closer to 100 as ‘extreme greed.’
\r\nAt the same time, Ethereum was trading around $3,330, up 7.66% from the previous day. Ripple (XRP) was trading around $2.16, up 5.88%.
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yimsh0214@fnnews.com Lim Sang-hyuk Reporter