Investing.com– Bitcoin climbed on Thursday, extending an overnight rebound as risk appetite was boosted by in-line U.S. consumer inflation data, which kept investors largely betting on a December interest rate cut.
The climb was supported by President-elect Donald Trump’s comments to CNBC on Thursday during his visit to the NYSE. He said the U.S. will become the global leader for cryptocurrency in his upcoming term.
“We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump said.
The world’s largest cryptocurrency had now recouped all of its losses made over the past week, while also appearing to have broken out of a $90,000 to $100,000 trading range seen in recent weeks.
rose 2.01% to $102,456.0 by 11:17 AM ET (16:17 GMT).
Broader crypto prices also advanced tracking Bitcoin, although most altcoins…
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