Bitcoin prices briefly hit a record high of over $93,000 on Wednesday, driven by speculation of further interest-rate cuts by the Federal Reserve. The surge in value followed the release of in-line CPI data, which increased bets on a December rate cut. President-elect Donald Trump’s pro-crypto stance also added to the momentum. However, the asset failed to hold its gains, falling back to around $91,000.
Source: https://www.bloomberg.com/news/articles/2024-11-13/bitcoin-btc-briefly-tops-93-000-on-trump-agenda-fed-policy-outlook