Despite significant selloffs earlier in the week, Bitcoin has successfully reclaimed the US$100,000 mark, as November’s US inflation data met expectations. Market participants are now anticipating a 25 basis point rate cut from the Federal Reserve. The recent surge in Bitcoin’s price has led U.S. spot Bitcoin ETFs to exceed the 1.1 million Bitcoin estimated to be held by Satoshi Nakamoto. Furthermore, Arkham Data indicates that BlackRock and Fidelity ETFs have acquired US$500 million worth of ETH over the past two days, marking all-time high inflows for Ethereum ETFs.
