#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin price surged past $105,000, marking a new high since 2025, with intraday gains exceeding 5%. The market consensus points to the incoming Trump administration's anticipated pro-cryptocurrency policies as the driving force behind this surge. Expectations are high for Trump to issue an executive order elevating digital assets to "national priority" status and establish an advisory committee comprised of industry members to provide policy recommendations. Furthermore, Trump's campaign promises to establish a national Bitcoin reserve further bolster market optimism regarding future cryptocurrency policies. However, some analysts caution investors that a potential retracement to recent lows around $90,000 remains a possibility.
Ace Hot Topic Analysis
Analysis
Bitcoin surged past $105,000 on the eve of Trump's inauguration, gaining over 5% on the day. Market sentiment is largely positive, with expectations that Trump will adopt cryptocurrency-friendly policies, including the establishment of a national Bitcoin reserve, driving Bitcoin's price higher. Speculation surrounding potential crypto-related actions following Trump's inauguration, coupled with receding concerns about the US CPI inflation report, have propelled Bitcoin's strong rebound. Some analysts predict Bitcoin to reach $128,000 in the coming months, while others highlight the potential for Bitcoin to revisit its recent low of $90,000.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration is expected to boost Bitcoin prices.
Trump's potentially crypto-friendly policies, such as establishing a national Bitcoin reserve, would stimulate the market.
Bitcoin has broken through last week's local highs and a weeks-long downtrend, targeting its December all-time high.
Bitcoin's technical outlook remains very favorable, breaking through the all-time high of $108,000 is key.