#Bitcoin Breaks $105,000#
Hot Topic Overview
Overview
Bitcoin surged past $105,000, up over 5% on the day, hitting a new high since 2025. The market widely believes that the incoming Donald Trump administration will adopt crypto-friendly policies and potentially establish a national Bitcoin reserve, triggering expectations of a "Trump pump" and driving the price of Bitcoin higher. Additionally, the release of the U.S. CPI inflation report eased concerns about further retracements. However, some analysts warn that Bitcoin could still pull back to its recent low of $90,000.
Ace Hot Topic Analysis
Analysis
Bitcoin price broke through $105,000, surging over 5% in a single day, hitting a new high since 2025. The market widely believes that the incoming Donald Trump administration will adopt a cryptocurrency-friendly policy and may even establish a national Bitcoin reserve, which will drive Bitcoin prices higher. During his campaign, Trump promised to position the United States as a leader in the cryptocurrency space and issued an executive order to elevate digital assets as a "national priority." The market anticipates Trump to release related policies after his inauguration, which will be a catalyst for further price increases in Bitcoin. Additionally, investor concerns over the U.S. CPI inflation report have subsided, providing further support for the Bitcoin price surge. Some analysts predict Bitcoin price to reach $128,000 in the coming months. However, some analysts also point out that if Trump fails to ease digital asset regulatory policies as planned, Bitcoin prices could see a significant pullback.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration is expected to push Bitcoin price up, with the market generally believing that Trump will adopt pro-cryptocurrency policies, such as establishing a national Bitcoin reserve.
Bitcoin broke through $105,000, reaching a new high since 2025 and breaking the downtrend of recent weeks.
Investor speculation about potential crypto moves after Trump's inauguration, along with fading concerns about the US CPI inflation report, fueled the rise in Bitcoin's price.
The influx of funds into Bitcoin ETFs has increased significantly, indicating rising investor interest in Bitcoin.