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<a href="https://optimisus.com/news/crypto-startups-secure-over-1-billion-in-venture-funding-as-optimism-grows-around-trumps-pro-crypto-stance/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> recently jumped to over $106,000 during early Asian trading hours, then dropped back to about $104,500. This fluctuation happens as people expect a U.S. Federal Reserve (Fed) rate cut, likely reducing the main borrowing cost by 25 basis points to between 4.25% and 4.5%.This would mean a total reduction of 100 basis points since September. Market participants are cautious that the Fed&#39;s statements might lower expectations for more rate cuts, which could reduce the positive impact of the cut on risky assets like Bitcoin.BTC&#39;s future looks somewhat positive, as seasonal patterns usually support the <a href="https://optimisus.com/news/crypto-news/ukraine-plans-to-legalize-cryptocurrencies-by-2025/" rel="noopener noreferrer nofollow">cryptocurrency</a>. Also, with President-elect Trump indicating a friendlier regulatory approach for crypto, the effects of a strict Fed might not last long. Talks about rate cuts from the Fed and expected easing from China indicate that Bitcoin&#39;s positive outlook might continue.Experts from LondonCryptoClub highlight that, although attention is on the speed of future cuts, the overall economic situation is favorable because of a worldwide trend of central bank rate cuts and more liquidity.

Bitcoin hits new all-time high of over $106K

Optimisus

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