Bitcoin (BTC) 
$0.000072 prepares to challenge record levels following the inauguration of President Donald Trump, known for his warm approach to cryptocurrencies. With a 3% increase in the last 24 hours, Bitcoin has crossed the $100,000 mark. Experts suggest that Bitcoin could surpass its all-time high of $108,000, establishing new peaks.
Expectations Rise in the Crypto Market
Matt Mena, a cryptocurrency research strategist at 21Shares, indicates that low inflation expectations and a positive market sentiment are likely to facilitate Bitcoin’s break through the $100,000 resistance. He noted, “Surpassing this level will be an important psychological and technical milestone for Bitcoin. Trump’s growth-supporting policies are increasing market risk appetite.”
Trump’s promise to create a national strategic Bitcoin reserve during his election campaign has generated significant excitement in the market. Nathan Cox, Chief Investment Officer at Two Prime, commented, “If Trump announces his reserve plan, Bitcoin’s price could rapidly exceed previous peaks and experience an extraordinary surge.”
High Volatility Expected
The cryptocurrency market is anticipated to maintain high volatility. Paul Howard from Wincent noted that the Trump administration’s upcoming regulations and strategic reserve announcements have yet to be fully priced in. He stated, “High volatility is inevitable this week. We may see movements of up to 10% in major cryptocurrencies like BTC, ETH, SOL, and XRP.”
As the market awaits new disclosures from the Trump administration, record levels for Bitcoin and other cryptocurrencies are back on the agenda. Experts agree that this market volatility may have long-term effects.
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 conduct their own research.
