Bitcoin crossed the $100,000 threshold for the first time on December 4, 2024, reaching a peak of $108,000 before correcting to $106,000. The Fed contributed to this correction by adopting a more hawkish tone than expected. The $100,000 break CoinGecko recorded a 340% traffic increase on Bitcoin pages in the 48 hours following the break. The threshold has no particular technical significance but generated massive media coverage. The Fed douses enthusiasm The revised dot plot now indicates only two cuts expected for 2025, versus four anticipated in September. This hawkish revision triggered a 10% Bitcoin correction in 24 hours. What this data does not tell us The post-FOMC correction of December 2024 exactly replicates the December 2021 pattern. In 2021, this correction preceded a new record.
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Bitcoin breaks $100,000 then corrects: Fed cools enthusiasm
Weekly signal
| ATH price reached | $108,000 (CoinGecko) | Positif |
| Expected 2025 cuts | 2 vs 4 en sept. (FOMC) | Négatif |
| LTH distribution | 300k BTC déplacés (Glassnode) | Neutre |
Weekly signal : NEUTRE
Sources
CoinGeckoFOMCFarside InvestorsGlassnode