#Bitcoin breaks through $100,000#

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Hot Topic Overview

Overview

Bitcoin's price recently broke through $100,000, with strong bullish sentiment in the market. Driven by expectations of Donald Trump's presidency, Bitcoin's price has risen 10% in the past week and reclaimed the $102,000 level. Traders anticipate that Trump will implement policies supportive of cryptocurrencies and have a positive outlook on broader economic plans, fueling the rise in Bitcoin's price. Additionally, record inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) reflect the market's optimism towards Bitcoin. Some traders expect Bitcoin to break through its all-time high of $109,000 in the near term and continue its upward trajectory. However, there are also some risk factors in the market, such as the US non-farm payroll data and the Federal Reserve's monetary policy. Overall, the Bitcoin market is currently in a bullish state, but investors should remain cautious and monitor market risks.

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Analysis

Bitcoin's price recently broke through $100,000, with the market generally bullish. The main reasons include:* ** Expectations of Trump's presidency: ** The market expects Trump to implement policies that are favorable to cryptocurrencies, which would drive up Bitcoin's price.* ** Bitcoin ETF inflows: ** Inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) have hit new highs, indicating that institutional investors' interest in Bitcoin is rising.* ** Technical analysis: ** Technical analysts believe that Bitcoin's price has completed its correction and is poised to continue rising.* ** Market sentiment: ** Traders have returned to the market after the holidays and are bullish on Bitcoin, cryptocurrencies, and stocks.However, some analysts are also reminding investors of potential risks, such as:* ** US non-farm payroll data: ** Strong non-farm payroll data could boost the dollar, potentially leading to higher interest rates, which could negatively impact risk assets like Bitcoin.* ** Federal Reserve monetary policy: ** The Federal Reserve's monetary policy could have an impact on Bitcoin's price.Overall, the market is optimistic about Bitcoin's future, but investors should still exercise caution and pay attention to potential risk factors.

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Classic Views

Trump's inauguration could bring bullish sentiment for Bitcoin, traders expect price to break $109,000

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Bitcoin ETF inflows hit new highs, showing continued investor interest in crypto

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Technical analysis shows Bitcoin has completed its correction and is poised to continue rising

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Market expects Trump to roll out crypto-friendly policies, which could be a catalyst for Bitcoin price gains

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