Bitcoin Surged Past $100,000 Again on the 12th, Altcoins Also Gained Ground

Bitcoin exceeded $100,000 again on the 12th due to the influence of the U.S. consumer price index (CPI) in November, which was in line with the forecast.

Bitcoin price again exceeded $100,000 on the 12th as the U.S. consumer price index (CPI) for November met the forecast, driving up risky assets.

Meanwhile, the supply of stablecoins, an indicator of coin market liquidity, also surpassed $200 billion, hitting a new all-time high.

Bitcoin was trading at $100,592 on Binance, the world's largest exchange, on the 12th, up 4.68% from 24 hours earlier as of 10:30 a.m.

Bitcoin price again exceeded $100,000 as the U.S. CPI met the forecast for the previous day, recovering all the declines over the past two days.

Surging bitcoin also drove up altcoins.

Ethereum price rose 5.61% the day before, Solana rose 6.41% and World Coin rose 10.52%.

CPI had the greatest impact on last night's rise.

The U.S. Department of Labor announced on the 11th (local time) that the CPI rose 0.3% month-on-month and 2.7% year-on-year last month.

The figure is up slightly from the 2.6 percent increase in October.

Excluding volatile energy and food prices, core CPI rose 0.3% month-on-month and 3.3% year-on-year, respectively.

The CPI announced this time is the biggest increase in the last seven months, but both the representative index and core index growth rate met expert expectations compiled by Dow Jones.

Reuters explained that most of the rise in inflation came from rising food prices and motel and hotel room prices.

The supply of stablecoins, an indicator of coin market liquidity, also hit a new all-time high.

According to Depyramar on the 12th, the total supply of stablecoins is around $200 billion, the highest ever.

It increased by 53% from $130 billion earlier this year.

AI coins attracted attention in the coin market as Google launched the latest artificial intelligence (AI) model "Gemini 2.0" and raised the market's interest in "AI agents."

AI agent refers to AI that achieves tasks autonomously.

Near Protocol, the AI leader in the coin market, rose 9.82% over the past 24 hours, while ICP and render also rose 14.01% and 11.45%, respectively.