The 2x Bitcoin Strategy ETF (BITX) closed on January 15th with a 6.75% increase to $57.92, driven by Bitcoin's surge as it approached the $100,000 mark. Bitcoin's price rose by 3.36% to $99,781.26, fueled by an unexpected decline in the core Consumer Price Index (CPI), which dipped to 3.2% from 3.3%. This decline has sparked speculation about potential Federal Reserve rate cuts, enhancing Bitcoin's appeal as a hedge against inflation. The broader cryptocurrency market mirrored Bitcoin's gains, with the CoinDesk 20 index rising by 7%. The anticipation of crypto-friendly policies under the incoming Trump administration further bolstered investor sentiment, as potential regulatory changes could favor digital assets.