#Bitcoin Breaks $105,000#
Hot Topic Overview
Overview
Bitcoin prices have been steadily rising in recent days, breaking through the $105,000 mark ahead of Trump's inauguration, reaching a new high since 2025. The market is highly optimistic about potential crypto-friendly policies from the Trump administration, including the establishment of a national Bitcoin reserve, prompting investors to buy Bitcoin, driving up the price. Additionally, the release of the US CPI inflation report eased investors' concerns, further pushing Bitcoin prices higher. While some analysts believe a price correction may occur, most remain bullish on Bitcoin's future trajectory, expecting prices to continue rising in the coming months.
Ace Hot Topic Analysis
Analysis
Bitcoin surged past $105,000, hitting a new high since 2025, fueled by market optimism surrounding Donald Trump's incoming presidency and his potential pro-cryptocurrency policies. Trump pledged during his campaign to position the United States as a leader in the cryptocurrency space, including the creation of a national Bitcoin reserve. Market expectations are high that Trump will issue an executive order upon taking office elevating digital assets as a "national priority" and establish an advisory council comprised of industry members to offer policy recommendations. Additionally, fading concerns over the U.S. CPI inflation report have also bolstered Bitcoin's rise. Market analysts believe that breaking through the historical high of $108,000 is crucial for Bitcoin, and there is still the possibility of a return to recent lows of $90,000. However, with Trump's inauguration drawing near, market sentiment for Bitcoin remains bullish, with expectations of continued price gains in the coming months.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
On the eve of Trump's inauguration, the market's strong expectations that the US government would usher in a new era friendly to cryptocurrencies drove up the price of Bitcoin.
Market expectations that Trump would release pro-cryptocurrency policies, including the establishment of a national Bitcoin reserve, sparked speculation of a "Trump pump", driving the price of Bitcoin to an all-time high.
US investors' strong expectations for Trump's cryptocurrency policies led to a positive premium on Bitcoin on Coinbase, indicating US investors' interest in buying cryptocurrency.
Bitcoin broke through last week's local high and also broke through the downward trend of lows for several consecutive weeks, targeting its December all-time high.