Bitcoin prices surpass $100,000 for first time in 2025 as Trump rally fuels gains

Bitcoin prices rose today, exceeding $100,000 for the first time this year, as anticipation surrounding the inauguration of President-elect Donald Trump fueled the digital currency.

The world’s most valuable cryptocurrency by total market cap reached more than $102,700 this evening, according to… Coinbase data from TradingView.

At this point, it is up nearly 4% in less than 24 hours, after trading below $99,000 earlier in the day, additional Coinbase figures from TradingView revealed.

Interestingly, the digital asset, which reached an all-time high of over $108,000 on December 24, spent the first few days of this year trading below the key psychological level of $100,000.

Trump rally

When asked what caused Bitcoin’s recent surge above $100,000, many analysts pointed to the regime change that will occur two weeks from today, as well as its expected impact on policy.

“Personally, I think the price of Bitcoin has risen due to the excitement of it being the first Monday of 2025 and every day getting closer to a professional crypto president and Gary Gensler resigning,” said a TikTok influencer known as Wendy O.

Gensler, who become The head of the US Securities and Exchange Commission in 2021 has generated significant exposure for the extremely aggressive approach he has taken to the cryptocurrency sector.

And in November he rose subscriber Some stats on his X (formerly Twitter) account, citing an SEC statement Detail How was the government entity able to secure financial fines worth more than $8 billion during the fiscal year 2024?

The government official, who has sparked widespread outrage over his harsh treatment of participants in the cryptocurrency industry, Plan to quit from his current position on Jan. 20, according to a separate Securities and Exchange Commission filing.

Greg Magadini, Director of Derivatives at Digital Asset Data Provider AmberdataIt also highlighted how the anticipation surrounding the upcoming regime change is affecting investors and markets.

“The presidential ratification process, followed by the inauguration ceremony on January 20, represent catalysts for bullish sentiment, especially as the labor market remains strong and the new administration is likely to announce tax-cutting and cryptocurrency-friendly regulatory policies,” he stated.

US investors demand returns

US investor interest in Bitcoin appears to have recovered after the start of the year, according to The Verge. Cryptoquant Analyst Julio Moreno.

When asked about the reason for the recent upward movement in cryptocurrency prices, the analyst stated via Telegram that “it seems to be related to the American investor’s return to the market after the holiday.”

He confirmed the changes in Coinbase Premium’s CryptoQuant Bitcoin indicator, which is provided by the data analytics provider. He specifies As a percentage “the difference between the Coinbase Pro price (USD pair) and the Binance price (USDT pair).”

The chart below, provided by Moreno, shows the latest activity for the index.

“We can see that the Coinbase Bitcoin price premium has turned positive again for the first time since December 17 of last year,” he said.

“Coinbase’s positive premium indicates relatively high demand in the US,” Moreno noted.

Disclosure: I own some Bitcoin, Bitcoin Cash, Litecoin, Ether, EOS, and SOL.