For the first time in 2025, bitcoin crossed the $102,000 mark today, marking a significant turning point for the world's best-known cryptocurrency. This dramatic rise is attributed to 4 key factors that converged to propel the price of bitcoin to new highs.
These 4 key factors have propelled bitcoin to $100,000 today!
In January 2025, bitcoin reached the $100,000 mark again, currently trading at $102,245. Find out how these 4 key elements propelled the crypto queen to this pinnacle.
Institutional interest
First of all, the return of institutional interest played a crucial role. After a period of disinterest at the end of 2024, institutional investors have started to inject capital into the bitcoin market again. For example, net flows into US-based Bitcoin ETFs reached $908.1 million last Friday, the highest inflow volume since mid-December 2024.
Exchange platforms
At the same time, the supply of bitcoin on exchanges has decreased, which is generally considered a bullish indicator. Data from Santiment shows an increase in BTC tokens held outside of exchanges and a decrease in the supply of BTC on exchanges. This divergence indicates an accumulation of BTC outside of exchanges and a reduction in selling pressure, thus supporting a bullish thesis for bitcoin in the near term.
Increase in trading volume
Another driving factor is the increase in options trading volume on Bitcoin, which has almost doubled in the last 24 hours. This increase in options trading volume reflects increased investor confidence that prices will continue to rise. BTC price.
Donald Trump's inauguration
Finally, the anticipation of policies favorable to cryptocurrencies under the presidency of Donald Trump also contributed to this increase. With Trump's inauguration expected in two weeks, traders expect pro-crypto regulations and policies during his term.
The $120,000 within reach for bitcoin?
With bitcoin having reached $100,000, the $120,000 mark now seems attainable. Technical indicators and current bullish momentum support this possibility. However, sufficient trading volumes and market stability will be essential to cross this new threshold and maintain this progress.
Bitcoin's recent surge above $100,000 today is the result of a combination of factors, including returning institutional interest, decreasing supply on exchanges, increasing volume options trading and expectations of pro-cryptocurrency policies. These elements have created an environment conducive to the rise in BTC prices, which is now targeting $120,000 and more in January 2025.
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