Bitcoin has surged to reclaim the $100,000 mark on January 15, 2025, after a tumultuous start to the year, regaining ground after facing downward pressure near the $90,000 level just days ago. The flagship cryptocurrency’s recovery has been fueled by positive market sentiment, with many speculating on the potential influence of U.S.-focused bullish news.
Despite the possibility of a correction, the market remains optimistic, particularly regarding the impact of Donald Trump’s upcoming inauguration and its potential effect on the cryptocurrency space.
Market intelligence firm Santiment pointed to a broader favorable macroeconomic backdrop, particularly U.S.-related news, as a primary driver behind Bitcoin’s recent upward movement. Analysts highlighted that the incoming Trump administration’s stance on cryptocurrency regulation has sparked optimism, especially with reports indicating that non-fraud-related crypto cases may be dismissed in favor of a more crypto-friendly regulatory environment.
Additionally, U.S. inflation data showing signs of cooling, coupled with expectations of further Federal Reserve rate cuts, has bolstered optimism for cryptocurrency growth. Santiment noted that although the hawkish Federal Open Market Committee (FOMC) meeting in December had placed downward pressure on crypto markets, traders are now hopeful that rate cuts in 2025 could further support digital assets.
As of writing, Bitcoin was trading at $100,675, a 4.14% increase in the past 24 hours, with its value up more than 7% over the past week. This rise brings Bitcoin within 7.3% of its all-time high of $108,000, set on December 17, 2024. Altcoins, including XRP, Stellar, and Algorand, also saw significant gains, rallying alongside Bitcoin.
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