Bitcoin $99,020.7started 2025 with an increase. The largest cryptocurrency reached the level of 102 thousand dollars again with the return of investors to the market after the holiday period and expectations for Donald Trump’s presidential term. Bitcoin, which has gained 10 percent in value in the last week, is heading towards its peak of 109 thousand dollars in mid-December. Spot Bitcoin ETFs listed in the US attracted record investment and supported optimism in the cryptocurrency market.
Trump’s Expected Cryptocurrency Policies Stimulated
Donald TrumpPositive expectations for cryptocurrency policies during his presidency mobilized investors. US based spot Bitcoin ETF‘s received an investment of $987 million on Monday. This was the highest inflow since November. Fidelity‘s FBTC fund leads with $370 million, BlackRock‘s IBIT fund received an investment of $209 million. Ark Invest‘s ARKB fund saw an inflow of 71 million dollars. Nine of the twelve ETFs attracted investment.
BTSE COO Jeff Meistated that investors focused on the markets again after the holiday period. “The demand for Bitcoin accelerated, especially after the negative expectations announced by the Federal Reserve (Fed) in December,” he said. According to Mei, this rise altcoin It may also pave the way for a rally.
Some analysts predict that Bitcoin’s price may test $109,000 in the short term. FxPro chief analyst Alex Kuptsikevich“In line with the Fibonacci retracement levels, the $109 thousand level is a critical resistance point. “Exceeding this level may confirm the upward trend,” he said.
All Eyes on Non-Farm Employment and Fed Meeting
All eyes on the markets will be the news that will be announced this week. US Nonfarm Employment (NFP) data and will take place at the end of the month Federal Open Market Committee (FOMC) meeting. SOFA president Augustine FanHe stated that NFP data will be the first directional indicator of the new year for investors. “If employment data is strong, the US dollar may strengthen, which could put pressure on the price of Bitcoin,” Fan said.
At the time of writing, Bitcoin was trading at $101,600, above the $100,000 threshold. Volatility in prices is expected to remain limited, especially until the Fed meeting.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
