{"id":821663,"date":"2025-01-21T11:12:02","date_gmt":"2025-01-21T17:12:02","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/21\/bitcoin-surges-past-100k-as-trump-prepares-to-take-office\/"},"modified":"2025-01-21T11:12:02","modified_gmt":"2025-01-21T17:12:02","slug":"bitcoin-surges-past-100k-as-trump-prepares-to-take-office","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/21\/bitcoin-surges-past-100k-as-trump-prepares-to-take-office\/","title":{"rendered":"Bitcoin surges past $100K as Trump prepares to take office"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"160372\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-surge-trump-inauguration\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin surges past $100K as Trump prepares to take office<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-01-17T15:46:15+00:00\"><br \/>\n                        Jan. 17, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Bitcoin gains 5% in 24 hours, driven by CPI data, Fed comments, and anticipation of Trump\u2019s crypto-friendly policies.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/d5803793-e3ac-4284-aee5-3639daaefac4.jpg\" alt=\"bitcoins Bitcoin surges past $100K as Trump prepares to take office\" title=\"bitcoins http:\/\/cryptobriefing.com\/d5803793-e3ac-4284-aee5-3639daaefac4.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: Forbes<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin surpassed $100,000 ahead of President-elect Trump&#8217;s inauguration, with a 15% weekly gain.<\/li>\n<li>Market sentiment is buoyed by expectations of a Bitcoin reserve and crypto-friendly executive orders under Trump\u2019s administration.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin surged past the $100,000 mark early Friday, fueled by optimism as traders prepare for President-elect Donald Trump\u2019s inauguration on January 20.<\/p>\n<p>The largest crypto asset by market cap gained over 5% in the last 24 hours, rising from an intraday low of $97,500 on Thursday to over $103.5K at press time.<\/p>\n<p>The week began with Bitcoin dropping below $90,000 due to stronger-than-expected labor data. However, it rebounded after favorable CPI figures were released on Wednesday.<\/p>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin-near-100k-fed-rate-cuts\/\" target=\"_blank\" rel=\"\">Comments<\/a> from Federal Reserve Governor Christopher Waller, suggesting multiple interest rate cuts in 2025, further fueled the recovery.<\/p>\n<p>The anticipation of Trump\u2019s pro-crypto policies has further fueled bullish sentiment, with Bitcoin now aiming to breach its all-time high of $108,000, achieved in mid-December.<\/p>\n<p>While optimism is high, some experts caution against overexuberance.<\/p>\n<blockquote>\n<p>\u201cI think that a lot of the crypto industry is getting a little ahead of itself, believing that the Trump administration is immediately going to supercharge the market,\u201d said Boris Bohrer-Bilowitzki, CEO of Blockchain Tech company Concordium.<\/p>\n<\/blockquote>\n<p>Bohrer-Bilowitzki added that while there might be excitement on Trump\u2019s first day in office, a legitimate and prolonged bull market would require innovative companies to return their operations and investments to the US.<\/p>\n<p>Conversely, a Bloomberg<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-16\/trump-plans-to-designate-cryptocurrency-as-a-national-priority\" target=\"_blank\" rel=\"noopener nofollow noreferrer\"> report<\/a> revealed that Trump may issue an executive order declaring crypto a national priority and establishing a crypto advisory council, further improving the chances of a continued upward trend for Bitcoin.<\/p>\n<p>Additionally, Polymarket<a href=\"https:\/\/polymarket.com\/event\/will-trump-create-a-national-bitcoin-reserve-in-his-first-100-days?tid=1737125954773\" target=\"_blank\" rel=\"noopener nofollow noreferrer\"> indicates <\/a>a 43% probability that Trump will create a strategic Bitcoin reserve within his first 100 days in office, further boosting market sentiment.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>Financial investor Fred Krueger added to the speculation in an X <a href=\"https:\/\/x.com\/dotkrueger\/status\/1880146311506526251\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">post <\/a>yesterday, suggesting that a Bitcoin strategic reserve will be announced on Monday as part of Trump\u2019s numerous <a href=\"https:\/\/cryptobriefing.com\/crypto-focused-policies-trump-presidency\/\" target=\"_blank\" rel=\"\">planned executive orders<\/a>.<\/p>\n<p>Krueger noted that many Trump donors would be deeply disappointed if an executive order addressing a strategic Bitcoin reserve is not included.<\/p>\n<p>The broader crypto market has also seen gains, rising 2% overall according to Coingecko data.<\/p>\n<p>Altcoins have seen double-digit gains, with OKX\u2019s native token OKB up 22%, Thorchain\u2019s native token RUNE gaining 18%, and Litecoin is rising on news of an ETF filing, as Nasdaq <a href=\"https:\/\/cryptobriefing.com\/litecoin-etf-approval-trump-era\/\" target=\"_blank\" rel=\"\">submitted<\/a> a 19b-4 form to the SEC on Thursday.<\/p>\n<p><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">Data<\/a> from Coinglass revealed $272 million in total liquidations over the past 24 hours, comprising $167 million in short liquidations and $106 million in long positions.<\/p>\n<p>As Bitcoin reclaims the $100K territory, traders eagerly await Trump\u2019s inauguration and his remarks on crypto.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+surges+past+%24100K+as+Trump+prepares+to+take+office&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-surge-trump-inauguration%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" 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Photo: Forbes Key Takeaways Bitcoin surpassed $100,000 ahead of President-elect Trump&#8217;s inauguration, with a 15% weekly<\/p>\n","protected":false},"author":1,"featured_media":821664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,22203],"tags":[11476],"class_list":["post-821663","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-surges","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=821663"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/821664"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=821663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=821663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=821663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}