BTC soared to 106,000! Super Central Bank week coming up: what financial events to follow?

As 2024 is coming to a close, this week the Federal Reserve, the Central Bank of England, and the Central Bank of Japan will successively announce their Interest Rate decisions. BTC surged this morning, breaking through to a new all-time high of $106,565. Ethercoin also returned to above $3,900, but still needs to make a 20% effort to reach the historical high of $4,868 in 2021.

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Super Central Bank Week

The Federal Reserve will hold an Intrerest Rate decision meeting from December 17th to December 18th this week, and the market generally expects the Fed to cut interest rates by 25 basis points, bringing the federal benchmark Intrerest Rate to 4.25 to 4.50%. Although the Fed itself is ready to cut interest rates, the arrival of 2025 and the imminent threat of tariff imposition by the incoming Trump administration could lead to the prospect of import-driven inflation, which may make officials hesitant to take further action.

The Bank of England (BOE) is expected to keep the Interest Rate unchanged this time, considering the economic growth impact that may be caused by its trade policy and persistent price pressures.

This year, the Japanese Central Bank finally exited the negative Intrerest Rate, and it may not raise interest rates again until 2025. However, some analysts believe that the possibility of a rate hike has increased recently, and the market is watching for signs of policy adjustments.

MicroStrategy officially included in the Nasdaq 100 index

Self-proclaimed BTC development company MicroStrategy has officially been included in the Nasdaq 100 Index and is expected to take effect before the opening on December 23, potentially triggering a new wave of buying.

Further Reading Concept stocks related to Bitcoin are listed on the Nasdaq 100! MicroStrategy creates history again, will Bitcoin be recognized by mainstream finance?

BTC $106,565, a new historical high

BTC suddenly surged this morning, breaking through a historical high to reach $106,565.

Ethercoin also returned to above $3,900, but there is still more than 20% upside potential from the 2021 historical high of $4,868.

The top 10 cryptocurrencies by market capitalization have also seen an increase of 1% to 4%.

Image Source: TradingView

【Disclaimer】The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

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『BTC surges to 106,000! Super Central Bank Weekly Show: What major economic events should we pay attention to?』 This article was first published in 'Cryptocurrency City'