Bitcoin holds above $100K as global rate cuts boost risk sentiment

Bitcoin is holding above $100,000 amid increased risk appetite driven by monetary easing from major central banks, according to The Block. Bitfinex Exchange Head of Derivatives Jag Kooner pointed to the European Central Bank's (ECB) recent rate cut, China’s easing measures and speculation over a potential U.S. Fed rate cut in December. Kooner added that year-end optimism and the clearing of leveraged positions set the stage for a possible “Santa rally,” driving Bitcoin and other cryptocurrencies higher.