#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin surged past $105,000, reaching a new high since 2025. The rally is primarily driven by expectations of Donald Trump's upcoming presidency, with markets widely believing that Trump will adopt crypto-friendly policies, including the establishment of a national Bitcoin reserve. Bitcoin has soared 5.2% in the past 24 hours, leading the broader crypto benchmark CoinDesk 20 index higher. Some analysts believe that Bitcoin could hit $128,000 in the coming months. However, other analysts point out that Bitcoin could see a significant pullback if Trump fails to ease digital asset regulations and begin increasing the national Bitcoin holdings as planned.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged past $105,000, hitting a new high since 2025 and soaring over 5% on the day. The rally was primarily driven by expectations of Donald Trump's upcoming presidency, with the market widely believing he would implement pro-cryptocurrency policies such as establishing a national Bitcoin reserve. Earlier, Bitcoin had dipped below $90,000 before mounting a strong rebound, breaking through the $102,000 local high and also piercing through the downtrend that had been in place for several weeks. Currently, the target resistance for Bitcoin sits at $108,000. In addition, spot Bitcoin ETFs saw a net inflow of $1.381 billion over the past two days, reversing the four-day outflow trend and indicating investor bullishness towards Bitcoin. However, some analysts pointed out that if Trump fails to ease digital asset regulations and begin increasing the U.S. Treasury's BTC holdings as planned, Bitcoin could experience a significant pullback.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks through $105,000, hitting a new high since 2025, driven primarily by market expectations of a crypto-friendly policy from the US government after Donald Trump's inauguration.
The market anticipates Trump to issue an executive order elevating digital assets to a "national priority" and establishing an advisory council comprised of industry members to provide policy recommendations.
Trump campaigned on positioning the US as a leader in the cryptocurrency space, including the establishment of a national Bitcoin reserve, a stark contrast to the regulatory crackdown and enforcement of recent years.
Bitcoin has surged past last week's local high of $102,000 and broken through a downtrend of declining lows for several weeks, targeting December's all-time high.