crypto for all
Join
A
A

Bitcoin Surpasses $100,000 Again Today!

Mon 06 Jan 2025 ▪ 3 min read ▪ by Eddy S.
Getting informed Regulation Crypto

For the first time in 2025, Bitcoin has crossed the $102,000 mark today, marking a significant turning point for the world’s most well-known cryptocurrency. This spectacular increase is attributed to 4 key factors that converged to propel the price of Bitcoin to new heights.

Close-up of an exploding safe, releasing Bitcoin coins. A euphoric trader, sunglasses and bright smile, reaching for the raining coins.

These 4 key factors propelled Bitcoin to $100,000 today!

In January 2025, Bitcoin once again reached the $100,000 mark, currently trading at $102,245. Discover how these 4 key elements propelled the queen of crypto towards this peak.

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 began to inject capital back into the BTC market. For instance, net inflows into U.S.-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 exchange platforms has decreased, which is generally considered a bullish indicator. Data from Santiment shows an increase in BTC tokens held off exchanges and a decrease in BTC supply on exchange platforms. This divergence indicates an accumulation of BTC outside of exchanges and a reduction in selling pressure, thereby supporting a bullish thesis for BTC in the short term.

Increase in transaction volume

Another determining factor is the increase in the volume of options transactions on Bitcoin, which has nearly doubled in the last 24 hours. This increase in options transaction volume reflects greater investor confidence in the continued rise of BTC prices.

The inauguration of Donald Trump

Finally, the anticipation of cryptocurrency-friendly policies under the presidency of Donald Trump has also contributed to this increase. With Trump’s inauguration expected in two weeks, traders expect regulations and pro-crypto policies during his term.

Is $120,000 within reach for Bitcoin?

With Bitcoin having reached $100,000, the $120,000 mark now seems attainable. Technical indicators and the current bullish momentum support this possibility. However, sufficient transaction volumes and market stability will be essential to breach this new threshold and maintain this progress.

The recent surge of Bitcoin above $100,000 today is the result of a combination of factors, including the return of institutional interest, the decrease in supply on exchanges, the increase in options transaction volume, and expectations of policies favorable to cryptocurrencies. These elements have created a conducive environment for the rise in BTC prices, which now aims for $120,000 and beyond this January 2025.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.



Join the program
A
A
Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.