#Bitcoin Surpasses $105,000#
Hot Topic Overview
Overview
Bitcoin prices have surged past $105,000, hitting a new high since 2025, fueled by market optimism surrounding the incoming Trump administration's potentially crypto-friendly policies. During his campaign, Trump pledged to position the US as a leader in the cryptocurrency space, including establishing a national Bitcoin reserve. Market participants anticipate Trump to unveil related policies following his inauguration, which could further boost Bitcoin prices. Additionally, the recent release of the US CPI inflation report alleviated investor concerns about a market correction, further bolstering Bitcoin prices. The overall sentiment remains bullish, with market expectations pointing towards a $128,000 price tag for Bitcoin within the coming months.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged past $105,000, hitting a new high since 2025, primarily fueled by market expectations of crypto-friendly policies from the incoming Trump administration. The market anticipates that Trump will issue a pro-cryptocurrency announcement after his inauguration, including the establishment of a national Bitcoin reserve, which could unlock new opportunities for the crypto market. This anticipation, known as the "Trump pump," has triggered strong buying pressure for Bitcoin, driving the price significantly higher. Additionally, the release of the US CPI inflation report alleviated concerns about inflation, further pushing Bitcoin prices upwards. However, some analysts point out that Bitcoin price may still fall back to its recent low of $90,000, although the probability of this happening is decreasing. Overall, optimistic market sentiment towards the Trump administration's crypto policies is expected to continue driving Bitcoin price upwards.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration ceremony may trigger a crypto-friendly policy from the US government, sparking market anticipation of a 'Trump pump' and driving bitcoin prices higher.
The market expects Trump to establish a national bitcoin reserve and issue an executive order elevating digital assets to 'national priority', further pushing bitcoin prices up.
Bitcoin has broken through last week's local highs and the downtrend that has persisted for weeks, with bullish technical indicators suggesting further gains.
Bitcoin spot ETF inflows are increasing, indicating growing investor confidence in bitcoin and contributing to price gains.