Bitcoin price today: BTC climbed above the $100K again

Bitcoin price today, Bitcoin (BTC) breaks the $100000 level for the first time in 2025 on Monday, rallies to $101184.

Bitcoin Surges Past $100,000 Before Presidential Inauguration

Bitcoin prices soared today, surpassing the $100,000 mark for the first time this year, fueled by excitement surrounding the upcoming inauguration of President-Elect Donald Trump. The world’s leading cryptocurrency reached over $102,700 this evening, according to data from Coinbase via TradingView.

In less than 24 hours, Bitcoin rose approximately 4%, bouncing back from earlier trading below $99,000. This surge comes after a period of trading below the psychologically significant $100,000 threshold for the first few days of 2025, following its all-time high of over $108,000 on December 24.

Factor that boosted bitcoin price: Trump is pro-crypto

Analysts attribute Bitcoin's latest spike to the anticipated regime change in just two weeks and its potential influence on policy. TikTok influencer Wendy O remarked, "I think Bitcoin's price pumped due to excitement around the first Monday of 2025 and the approaching pro-crypto presidency, coupled with the expected resignation of Gary Gensler."

Gensler, the chair of the U.S. Securities and Exchange Commission since 2021, has been known for his stringent approach toward the cryptocurrency sector. He plans to step down on January 20, which many see as a positive shift for the crypto market.

Bullish Bitcoin Market Surrounding Inauguration

Greg Magadini, director of derivatives at Amberdata, noted that the presidential certification process and the inauguration represent bullish catalysts for the market. He anticipates that a new administration may announce tax cuts and more favorable regulations for cryptocurrencies, especially in light of a robust labor market.

According to CryptoQuant analyst Julio Moreno, American investors seem to be returning to Bitcoin after the holiday season. He pointed out changes in CryptoQuant’s Coinbase Premium Index, which measures the price difference between Coinbase and Binance. The index's return to positive territory indicates a resurgence in U.S. demand for Bitcoin.

In summary, Bitcoin's rise above $100,000 is driven by a combination of political anticipation and renewed investor interest, marking a significant moment in the cryptocurrency's journey in 2025.

Mixed Performance Among Major Altcoins

In the latest trading session, major altcoins exhibited a mixed performance, reflecting varying investor sentiment across the cryptocurrency market. While some coins faced slight declines, others saw positive movement, contributing to an overall dynamic market environment.

Among the altcoins that saw downward pressure were Solana, Dogecoin, Sui, Hedera, and Tron, each experiencing declines of up to 1%. These slight dips suggest a cautious approach from investors, possibly influenced by broader market trends or profit-taking after recent rallies. Despite their losses, these altcoins continue to hold significant positions in the market, with many investors keeping a close eye on their future potential.

Conversely, several major altcoins managed to trade higher, including XRP, Cardano, Avalanche, Chainlink, and Polkadot. These cryptocurrencies have shown resilience, attracting buying interest as investors look for opportunities amid the mixed landscape. The upward movement of these altcoins indicates that certain segments of the market remain bullish, driven by positive developments or projects that continue to generate enthusiasm among traders.

Global Crypto Market Overview

Overall, the global cryptocurrency market cap experienced a modest increase of 0.53%, reaching approximately $3.52 trillion. This growth reflects a stabilizing market sentiment and the ongoing interest in digital assets. As the market evolves, fluctuations in individual altcoin performances may continue, influenced by factors such as regulatory news, technological advancements, and market trends.

"Bitcoin's continued rise could push altcoins like Solana (SOL), SUI, ICP, and ENA higher. With Bitcoin nearing $100,000, demand remains strong, as seen by ETF inflows and reduced selling pressure. If Bitcoin breaks above this resistance, it could target $108,353 and higher," said Sathvik Vishwanath, Co-Founder & CEO, Unocoin.

In summary, the mixed performance of major altcoins highlights the complexities of the current cryptocurrency landscape. While some assets face slight declines, others are seeing gains, contributing to a dynamic and evolving market environment as investors navigate potential opportunities.

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