#Bitcoin breaks through $100,000#
Hot Topic Overview
Overview
Bitcoin's recent surge past $100,000 has fueled bullish sentiment for the cryptocurrency and the broader crypto market, driven by market expectations surrounding Donald Trump's presidency and inflows into spot Bitcoin exchange-traded funds (ETFs) listed in the US. Traders anticipate Trump's crypto policies and economic plans to be favorable for Bitcoin, and expect the cryptocurrency to break through $109,000 in the near term, setting the stage for higher prices. However, market volatility is expected to remain subdued until Friday's release of the US Nonfarm Payrolls (NFP) data, which some believe will kick off the new trading year.
Ace Hot Topic Analysis
Analysis
Bitcoin surged past $100,000, fueled by market expectations of Donald Trump's presidency and broader bullish sentiment in the crypto market. The cryptocurrency gained 10% over the past week, reclaiming the $102,000 level late Monday, reversing almost all losses since early December. Traders are optimistic about Trump's crypto policies and broader economic plans, and expect Bitcoin to break through $109,000 in the near term, setting the stage for higher prices. Some traders believe that tracking Fibonacci levels can provide predictive value in identifying key price levels, which could become self-fulfilling prophecies that trigger market price reactions. However, market volatility is expected to remain low until Friday's US non-farm payrolls (NFP) report, which some believe will kick off the new trading year. Strong NFP data could boost the dollar, potentially leading to higher interest rates, which could negatively impact risk assets like stocks and Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration as US president is expected to bring bullish sentiment to Bitcoin, driving its price up.
Traders expect Bitcoin to break its all-time high of $109,000 after Trump's inauguration and rise further.
Bitcoin ETF inflows hit a new high, showing continued investor interest in cryptocurrencies.
The market is watching Trump's policies and bullish catalysts for cryptocurrencies, and expects his policies to have a positive impact on the cryptocurrency market.