#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin surged past $105,000, hitting a new high since 2025, with gains exceeding 5% on the day. This rally was primarily fueled by expectations of Donald Trump's upcoming presidency, with the market widely believing a Trump administration would implement more crypto-friendly policies, including establishing a national Bitcoin reserve. Additionally, the release of the US CPI inflation report eased market concerns about a pullback. Some analysts predict Bitcoin will reach $128,000 in the coming months. However, other analysts point out that if Trump fails to deliver on his promises, Bitcoin could fall back to its recent low of $90,000.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged above $105,000, hitting a new high since 2025. The rally was primarily driven by expectations of Donald Trump's upcoming presidency, with the market widely anticipating Trump's adoption of pro-cryptocurrency policies, including the establishment of a national Bitcoin reserve. Ahead of Trump's inauguration, market sentiment fueled by these expectations pushed Bitcoin prices significantly higher. Additionally, the release of the US CPI inflation report alleviated concerns about further pullbacks. Some analysts believe Bitcoin could reach $128,000 in the coming months, while others point to the possibility of Bitcoin returning to its recent low of $90,000.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks through $105,000, hitting a new high since 2025, driven by market expectations for a cryptocurrency-friendly policy from the US government after Donald Trump's inauguration.
Trump pledged during his campaign to position the US as a leader in the cryptocurrency space, including establishing a national bitcoin reserve, a stark contrast to the regulatory crackdown and enforcement of recent years.
Markets expect Trump to issue an executive order elevating digital assets to a "national priority" and creating an advisory council composed of industry members to provide policy recommendations.
Bitcoin broke through its local high of $102,000 last week, also breaking the downward trend of lows that had persisted for several weeks, targeting its December all-time high.