The first cryptocurrency is holding the psychologically important level of $100,000 thanks to growing risk appetite among investors, fueled by monetary easing measures from central banks. This was stated by the head of the derivatives department at Bitfinex, Jag Kooner.

“Reduced rates in the EU and China, as well as expectations of similar actions from Fed increase optimism in risky asset markets, including cryptocurrency. This could push Bitcoin to a new stage of growth,” the expert noted.

Thus, the stimulative policies of central banks support the price of Bitcoin.

At the time of writing, Bitcoin is trading around $102,095. BTC dominance index - 52.7%.

The Fed meeting is scheduled for December 18. The market estimates the probability of a rate cut at 96%.