#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin prices surged past $105,000, hitting a new high since 2025, with intraday gains exceeding 5%. The rally was largely driven by anticipation of Donald Trump's upcoming presidency, with the market widely expecting Trump to adopt crypto-friendly policies, including the establishment of a national Bitcoin reserve. Additionally, the release of the US CPI inflation report alleviated market concerns about a correction. Bitcoin broke through last week's local high of $102,000 and also broke through the downtrend that had been in place for several weeks. The current target resistance level is at $108,000.
Ace Hot Topic Analysis
Analysis
Bitcoin surged past $105,000, hitting a new high since 2025 and gaining over 5% in a single day. The rally was fueled by expectations of Donald Trump’s upcoming presidency, with the market widely anticipating pro-crypto policies from Trump, including the establishment of a national Bitcoin reserve. During his campaign, Trump pledged to position the U.S. as a leader in the cryptocurrency space and issued executive orders elevating digital assets as a "national priority." Adding to the momentum, investor concerns over the U.S. CPI inflation report have subsided. Some analysts believe Bitcoin could reach $128,000 in the coming months. However, other analysts point out that Bitcoin could experience a sharp correction if Trump fails to loosen digital asset regulations as planned.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks $105,000, hitting a new high since 2025, fueled by market expectations of a cryptocurrency-friendly policy from the US government following Donald Trump's inauguration.
The market expects Trump to issue an executive order elevating digital assets to a "national priority" and establishing a council of industry members to provide policy recommendations, possibly even creating a national Bitcoin reserve.
Bitcoin broke through last week's local high of $102,000, also breaking through the downtrend of several consecutive weeks of declines, aiming for December's all-time high.
Bitcoin's rally is also supported by the passing of investor concerns over Wednesday's US CPI inflation report, as well as the net inflow of $13.81 billion into spot Bitcoin ETFs over the past two days.