Bitcoin has again surpassed the $100,000 milestone, causing investors to regain optimism.
With Bitcoin momentarily surpassing the $100,000 milestone, the crypto market has gained pace following the release of the US Consumer Price Index (CPI) statistics.
The price of Bitcoin surged to a 24-hour high of $100,860, above the previous high of $99,514, indicating a resurgence of market confidence.
Before dropping below $94,000, Bitcoin had risen to $103,000 in early December 2024. Following its most significant rise of the year, fuelled by comforting US inflation data that buoyed global markets and reignited expectations on additional US Federal Reserve interest-rate reduction, Bitcoin crossed the $100,000 barrier for the first time in 2025.
The digital asset held a more than 3 percent increase, triggered by data from the Bureau of Labour Statistics issued the day before, and was hovering around the six-figure mark as of 6 a.m. Thursday in London.
Tokens like XRP and Ether also consolidated sharper rallies. Stocks and bonds rose as the report indicating a cooling core consumer price rekindled bets on another Fed rate cut by July.
Changes To Policies
The focus now shifts to anticipated governmental reforms that could support the cryptocurrency industry after President-elect Donald Trump takes office on January 20.
- Speculators are balancing Trump’s promise to establish the US as the global hub for digital assets against the possibility of inflationary tariffs and immigration policies.
- The price movement of bitcoin is consistent with several important developments. The crypto environment may change due to Donald Trump’s inauguration on January 20th and any changes to SEC regulations under his administration.
Institutional support has returned to the market due to Bitcoin’s sharp price recovery. As of January 15, the 12 U.S. spot Bitcoin ETFs had a daily net inflow of $755.01 million. The most significant inflow was $463 million from Fidelity, followed by $138 million from ARK Invest’s ARKB ETF. Interestingly, Greyscale Bitcoin Trust raised $50.54 million.
What To Note
- The price action levels indicate that a post-retest reversal will likely resume the recovery trend. The next move above $102,000 is what traders are watching.
- Buyers could then contest the supply zone for around $102,557. The next significant price objective, which might be reached before the Trump swearing-in ceremony, is $106,888.
- Social dominance measures show increased interest in Dogecoin, Polygon, and Bitcoin between October 2024 and January 2025.
Bitcoin’s prominence as a major digital asset is highlighted because its increasing social visibility frequently corresponds with price changes.
