Bitcoin is once again breaking the psychological barrier of $100,000 today after booking a 5.6% gain in the past 24 hours ahead of Donald Trump’s inaugural speech, which could set in motion a set of positive events for the crypto industry.
Trading volumes have surged by 20% during this same period and currently stand at $63.7 billion, while BTC’s market cap has once again surpassed the $2 trillion mark.
BTC has been rising again since January 14 and has touched the $100,000 level multiple times since then. However, bulls have failed to keep the price above that level for more than two days.
Also read: Best Bitcoin & Crypto Casinos of 2025
On Wednesday, a positive inflation report propelled the price of cryptocurrencies once again as lower-than-expected CPI expansion in the U.S. may prompt the Federal Reserve to reconsider its pathway to lower interest rates in 2025.
There have also been credible rumors that Donald Trump could issue a series of executive orders that would benefit the crypto sector, including creating a strategic crypto reserve and a crypto advisory council.
These reports also pointed to the possibility that Trump could categorize cryptos as commodities – not financial securities – as the first order of the day once he gets into the White House.
Any of these developments would be beneficial to the market capitalization of BTC as they would clear up the runway for further mainstream and institutional adoption of digital assets.
BTC Breaks Key Resistance and Reverses Downtrend
Today’s uptick is pushing the price of BTC above its latest high from January 7, when it reached $102,735 during the session to finish the day with a sharp decline then.
This breakout is bullish by all means, as it also reverses the downtrend that started back in mid-December when the price reached an all-time high of $108,388.
Moving forward, BTC would have to hold above $100,000 for a few days for market participants to make sure that this is not a bull trap. Meanwhile, the Relative Strength Index (RSI) has reached new heights, which means that positive momentum is accelerating – a good sign when this kind of breakout occurs.
Would it be crazy to expect Bitcoin to reach a new all-time high on Monday when Trump gives his speech? Not really. It would be a great way to welcome the United States’ first pro-crypto President.
Are traders expecting that kind of move? Possibly. Interestingly, bettors from Polymarkets have assigned a 62% odd to Bitcoin, reaching $110,000 by the end of this month. Hence, there is clearly an expectation that Trump’s inauguration speech will set off a rally for the digital asset.
Best Wallet Presale Raises $7.3M with 12 Hours Left for the Next Price Increase
Storing your digital assets safely is critical to fully take advantage of a bullish market cycle like this one. Best Wallet ($BEST) is the best Web 3 storage solution, and its successful presale is evidence of how excited investors are about its arrival.
The Best Wallet application is already available for iOS and Android devices. Most crypto wallets have limited their services to storage, but this Web 3 project understands users’ desire for more attractive and sophisticated features.
The developing team’s response to this included the development of a tool called ‘Upcoming Tokens’ that allows investors to identify promising crypto projects in their earliest stages.
Aside from this, Best Wallet will soon support over 60 blockchains and launch a decentralized exchange (DEX). $BEST holders benefit from lower transaction fees, higher staking rewards, and early access to the latest updates.
To buy $BEST, simply head to the Best Wallet website. You can connect your wallet or transfer your assets to this Web 3 wallet. The Best Wallet app is the best choice to invest in this presale as it will provide real-time updates on the presale event.
Bitcoin’s gains in 2025 may be attractive, but they will pale in comparison to what Best Wallet can deliver once the project is launched and its native asset, $BEST, is listed on exchanges. The time to invest in $BEST is now.
