Bitcoin Surges to Record $ 112,000 as Fed Rate Cut Bets Grow

From a technical standpoint, Bitcoin appears bullish, with the Relative Strength Index (RSI) above 50 and the MACD in positive territory. However, failure to hold above $112,500 could lead to a correction, with support seen at $110,800 and $109,750.

Meanwhile, global economic uncertainty and political factors, including potential inflationary pressures from U.S. trade tariffs under former President Donald Trump, remain on the radar. Despite Trump’s denial of any inflationary impact, Fed officials remain cautious.

Overall, Bitcoin’s latest breakout reflects more than market enthusiasm—it underscores renewed belief in the cryptocurrency's role as a hedge in times of economic uncertainty. @ffr