#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin price surged past $105,000, hitting a new high since 2025, with gains exceeding 5% on the day. The market widely believes that the incoming Trump administration will adopt crypto-friendly policies, including establishing a national Bitcoin reserve, which will push Bitcoin prices higher. Additionally, investor concerns over the US CPI inflation report have subsided, providing further support for Bitcoin's price surge. Currently, the market anticipates Bitcoin to reach $128,000 in the coming months.
Ace Hot Topic Analysis
Analysis
Bitcoin surged past $105,000, reaching a new high since 2025 and gaining over 5% on the day. The market widely believes that expectations for the incoming US administration's crypto-friendly policies are the main driver behind the price surge. Investors expect Donald Trump to announce pro-crypto policies after his inauguration, including establishing a national Bitcoin reserve, which would bring significant change to the crypto industry. Furthermore, the release of the US CPI inflation report also eased market concerns about a pullback, further boosting Bitcoin prices. However, some analysts also warn that if Trump fails to deliver on his promises, Bitcoin could see a significant correction. Currently, the market is generally bullish on Bitcoin's future trajectory, expecting its price to continue climbing in the coming months.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin broke through $105,000, setting a new high since 2025, primarily driven by market expectations that the US government will usher in a new era of crypto-friendly policies following 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.
Market speculation suggests Trump may issue an executive order elevating digital assets as a "national priority" and forming an advisory council comprised of industry members to provide policy recommendations.
Bitcoin broke through last week's local high of $102,000 and also broke through a downtrend that had persisted for several weeks, targeting the December all-time high.