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Bitcoin Price Today: The crypto is presently trading at $98,477.9, which is 1.5 percent far from the $100,000 mental mark.
As Bitcoin comes close to the important $100,000 landmark, the marketplace’s emphasis is changing towards the crypto as the leading pressure.
Bitcoin is coming close to $100,000, with the globe’s biggest cryptocurrency staying simply 1.5 percent far from touching the $100,000 mental mark. The cyptocurrency is presently trading at $98,477.9 on Friday, which is 0.81 percent more than a year earlier. According to worldwide investment company, Bitcoin is most likely to strike $200,000 in the year 2025 after Donald Trump takes control of the fee and an enthusiastic $1 million by 2030.
Trump’s triumph in the United States governmental political election 2024 has actually stimulated substantial positive outlook in cryptocurrencies as the president-elect is anticipated to have crypto-friendly plans throughout his period. The Bitcoin Bill, together with Pennsylvania’s Bitcoin Strategic Reserve Act, is anticipated to acquire energy throughout Trump’s presidency.
“The expense (Bitcoin Bill) is developing extensive enjoyment as it might establish Bitcoin for an over $1 million appraisal,” said Adam Back, co-founder and CEO of Blockstream, according to cointelegraph.com.
Ark Invest CHIEF EXECUTIVE OFFICER Cathie Wood additionally anticipates Bitcoin to strike $1 million by 2030, according to Yahoo Finance.
Global investment firm Bernstein in its latest report said Bitcoin could be headed for the stratosphere. It predicts Bitcoin to touch $200,000 by 2025, $500,000 by 2029, and $1 million per token by 2033.
Bitcoin Price Today: Volumes Surge
Over the past two to three weeks, Bitcoin has been on an upward trajectory, consistently hitting new price peaks and now approaching the highly anticipated $100,000 psychological threshold, said Sumit Gupta, co-founder of CoinDCX.
This sharp price increase is being driven by exceptionally high trading volumes, with Bitcoin regularly trading over $25 billion daily on the spot market, and at times exceeding $40 billion. This marks a significant jump from the $10-12 billion in daily volume seen just a few months ago, underscoring the growing market interest and investor confidence, he added.
“The recent surge has been further fueled by developments in the U.S. political landscape. Digital assets have already benefitted from the incoming administration of President Trump, with many anticipating that his potential second term could bring more favorable regulatory policies for the crypto sector. Adding to the optimism, the recent resignation of the SEC Chair appointed by President Biden, has sparked speculation about his successor. Market participants are hopeful that the new SEC leadership could bring a more crypto-friendly approach, further boosting investor sentiment and fueling Bitcoin’s bullish momentum,” Gupta said.
According to CoinSwitch Markets Desk, SEC Chair Gary Gensler, known for his tough crypto stance, plans to leave the commission entirely on January 20 if Trump takes office, potentially reshaping regulatory dynamics.
Solana (SOL) has hit a record high above $260, fueled by ETF-related optimism, while XRP surged 25% as regulatory clarity eased headwinds forRipple In contrast, MicroStrategy’s stock tumbled 16%, with investors questioning its valuation despite Bitcoin’s rally.
‘Several Cryptos Facing Headwinds’
With a growing influx of capital into spot BTC ETFs and a market cap now surpassing $1.9 trillion, Bitcoin continues to strengthen its position, accounting for 58% of the total crypto market.
“While many altcoins are facing headwinds, particularly meme coins like PEPE and DOGE, Bitcoin’s strength is clearly drawing a clearer line between quality assets and speculative plays,” said Avinash Shekhar, co-founder and CEO of Pi42.
As the world’s largest crypto approaches the critical $100,000 milestone, the market’s focus is shifting toward Bitcoin as the dominant force.
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