As the clock ticks down to President-elect Donald Trump’s second inauguration ceremony, the BTC Price has reached a record high of $109,114. This surge reflects a positive sentiment among investors towards the expanding blockchain technology.
Over the past seven days, the price of Bitcoin has risen by 16.93%, hitting a new all-time high today. Will Donald Trump’s pro-crypto policies serve as a catalyst for Bitcoin to reach new heights this year?
During the period of January 13, 2025, to January 17, 2025, BlackRock’s “IBIT” saw the highest inflow of $745.7 million, followed by Fidelity’s “FBTC” with $680.2 million. On the other hand, Grayscale’s “GBTC” experienced the highest outflow of $87.7 million this week. Overall, the Bitcoin ETF ended the week with a net flow of +$1,862.9 million, marking a positive week for the largest digital ETF.
The anticipation of Donald Trump’s inauguration ceremony for the second time has garnered significant attention, especially with the launch of the Trump coin, which experienced a 10x rally. With a pro-crypto stance, the blockchain and Web3 industry are poised for transformation under his leadership, potentially driving the prices of top cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP to new highs.
Looking ahead, technical indicators show a strong buying pressure for Bitcoin, with the price potentially heading towards $110,000 this week. However, in the event of a bearish reversal, the support level of $100,000 will be crucial.
For more insights into the long-term projections of Bitcoin, check out CoinPedia’s Bitcoin Price Prediction!
**FAQs:**
– **Why is Bitcoin price up today?**
With a growing bullish influence in the crypto market, Bitcoin has reached a new all-time high today.
– **How high will Bitcoin price go in 2025?**
With increased bullish momentum and adoption, Bitcoin could potentially reach around $170,000 this year.
– **Why is the crypto market up today?**
The introduction of multiple TRUMP memecoins ahead of Donald Trump’s inauguration has led to a strong bullish reversal in the crypto market.
– **How much is BTC worth?**
With a surge of over 100% in its intraday trading volume, the price of Bitcoin is $107,145.31.
