Bitcoin exceeded 101 thousand dollars again. So, what are the developments that support the price?

The announcement of Consumer Price Index (CPI) data from the USA in line with expectations triggered a new wave of recovery in crypto markets. The expectation that the Fed will reduce interest rates by 25 basis points next week created a positive atmosphere among investors.
After falling to $94,100 at the beginning of the week, Bitcoin recovered and exceeded the $101,000 level again. Bitcoin, which increased by more than 6% in the last 24 hours, continued to lead the overall crypto market.
XRP and AI Tokens Drove the Rise
XRP gained 15% in the last 24 hours after Ripple's RLUSD stablecoin received regulatory approval. This reinforced XRP's strong performance in the crypto market.
Artificial intelligence tokens also showed a remarkable increase. Reports that Apple is developing an artificial intelligence chip with Broadcom caused tokens such as NEAR Protocol (NEAR), Internet Computer (ICP) and Render (RENDER) to gain over 15% in value.
Fed and US data are also effective in the recovery of markets
The expectation that the Fed will lower interest rates supported the liquidity flow and paved the way for many crypto assets, including Bitcoin, to rise again.
While Bitcoin's recovery from this week's bottom level increases investor confidence, the positive atmosphere spreading in the market may continue in the coming days.
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