Bitcoin is approaching the $100,000 milestone as it gains momentum following Donald Trump’s impending ratification of his US Election victory. On Monday, Bitcoin climbed 1.41% to nearly $99,871, marking a significant weekly gain of 5.66%. This surge comes after a previous record high of $108,315 earlier in the year, fueled by hopes that Trump’s administration will be favorable to cryptocurrencies. A recent influx of $908 million into US Bitcoin exchange-traded funds indicates growing investor interest, despite lingering skepticism about the sustainability of the rally. Experts note that Bitcoin’s future will heavily depend on Trump’s commitment to his pro-crypto promises.
Bitcoin Approaches $100,000 Amidst Trump’s Election Victory Certification
Bitcoin is on the verge of hitting the $100,000 mark as it makes a strong comeback. The largest cryptocurrency saw a jump of 1.41%, reaching $99,871 on Monday, following a week that brought a 5.66% increase—the highest gain since late November.
Optimism in the Market is rising as Congress is set to ratify Donald Trump’s victory in the recent U.S. elections. Many investors believe that a Trump administration will bring a friendly approach to cryptocurrency regulation, which has already buoyed Bitcoin’s value to an all-time high of $108,315. With this political shift, expectations are building for a so-called “super cycle” in 2025. Khushboo Khullar from Lightning Ventures noted that anticipated regulatory reforms could greatly benefit the cryptocurrency landscape.
Significant investment is returning to Bitcoin, with a notable $908 million flowing into U.S.-based Bitcoin exchange-traded funds (ETFs) recently. This marks the fifth-largest inflow since their introduction earlier this year. Prior to this, these funds experienced a substantial outflow of $680 million in mid-December.
In addition to the capital inflow, the recovery of the Bitcoin Coinbase Premium indicates increasing demand in the U.S. The premium had hit an unprecedented low at the beginning of the year but is now rebounding, suggesting stronger investor interest.
However, some analysts remain cautious about Bitcoin’s sustainability. A recent survey indicated skepticism, with 39% of respondents predicting that Bitcoin might underperform in 2025 compared to its previous gains.
As of Monday morning, Bitcoin was trading at $99,119, keeping investors on the edge of their seats as they watch for that coveted $100,000 milestone.
Tags: Bitcoin, cryptocurrency, Bitcoin price, Trump election, Bitcoin ETF, crypto Market trends
What is the significance of Bitcoin reaching $100,000?
When Bitcoin hits $100,000, it shows that more people want to buy it. This can mean that investors are feeling positive about Bitcoin’s future. It might also draw more media attention, which can lead to even more people interested in investing.
Why is Congress certifying a Trump win important for Bitcoin’s rise?
As Congress certifies a Trump win, it can change the economic and political landscape. Investors often react to political events. If they believe that a Trump presidency could lead to a favorable economic environment, they may invest more in Bitcoin, pushing its price up.
How does political uncertainty affect Bitcoin’s price?
Political uncertainty can make traditional investments riskier. In such times, people might look for a safer place for their money, like Bitcoin. If many investors choose Bitcoin in times of uncertainty, it can drive the price higher.
What should new investors know about buying Bitcoin near $100,000?
New investors should understand that Bitcoin’s price can be very volatile. It’s important to do research and not invest money they can’t afford to lose. They should also consider starting with a small amount before investing heavily.
Are there risks involved in investing in Bitcoin at this price point?
Yes, investing in Bitcoin carries risks. Its price can go up or down quickly based on Market trends and external events, like political changes. Investors should be prepared for fluctuations and stay informed about what’s influencing the Market.