Bitcoin price jumped above $100,000 on the first trading day of the new year, fueled by post-election optimism and a potential for regulatory support. The broader crypto market also saw significant gains, with experts predicting continued bullish momentum.
The price of bitcoin leapt back above $100,000 to start the first full trading week of the new year. The flagship cryptocurrency was last higher by about 4% at $102,234, according to Coin Metrics. The broader crypto market, as measured by the Overall, we are in a bullish environment and traders appear to be risk-on as we head into the new year,' Mario Jurina, CEO at crypto swaps platform Jumper.Exchange.
'With Trump's election set to be certified today, and January often being a bullish month — six of the past 10 years saw positive price action — it's no wonder markets are moving upward.'advanced nearly 6% and 5%, respectively. MicroStrategy Monday morning reported it has purchased another 1,070 bitcoins for about $101 million, bringing its total bitcoin holdings to 447,470. Activity is coming back into the crypto market after a post-election rally that was driven by promises of a more supportive regulatory environment. The optimism sent prices rocketing for weeks before cooling at the end of the year. The price of bitcoin is expected to roughly double under the new administration this year, with some price predictions, like Fundstrat's Tom Lee's, being as high as $250,000.Crypto's political tailwinds in 2025 could push bitcoin to $200,000. What to watc
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