#Bitcoin Breaks $105,000#
Hot Topic Overview
Overview
Bitcoin price surged past $105,000, hitting a new high since 2025, with gains exceeding 5% on the day. The rally was fueled mainly by the upcoming inauguration of Donald Trump, with market expectations that the Trump administration will adopt more crypto-friendly policies, including the creation of a national Bitcoin reserve. Additionally, concerns over the US CPI inflation report have subsided, also providing support for the Bitcoin surge. Despite this, the market still faces the risk of a pullback, as Trump may not be able to loosen digital asset regulations and begin increasing BTC treasury holdings as planned.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged past $105,000, hitting a new high since 2025, with a daily gain exceeding 5%. This bullish momentum is primarily attributed to the anticipation of Donald Trump's upcoming presidency, as markets widely believe he will adopt pro-crypto policies, including the establishment of a national Bitcoin reserve. This expectation has fueled investor enthusiasm for Bitcoin and sparked speculation about a "Trump pump." Furthermore, the release of the US CPI inflation report alleviated market concerns about further pullbacks, further driving Bitcoin's price upwards. Currently, Bitcoin has broken through last week's local high of $102,000 and overcome the downtrend in lows that persisted for several weeks, aiming for the December all-time high. However, some analysts caution that a significant price correction could occur if Trump fails to loosen digital asset regulations and begin increasing BTC national debt holdings as planned.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks through $105,000, hitting a new high since 2025, driven by market expectations for a crypto-friendly new era following Donald Trump's inauguration.
The market generally believes that Trump will issue an executive order to elevate digital assets to "national priority" and establish an advisory board composed of industry members to provide policy recommendations.
Trump promised during his campaign to position the US as a leader in the cryptocurrency space, including establishing a national bitcoin reserve, a stark contrast to the regulatory crackdown and enforcement of the past few years.
Bitcoin has broken through last week's local high of $102,000 and also broken the downtrend that has been in place for several weeks, targeting December's all-time high.