Bitcoin (BTC) price reaches $105,000, and the downtrend is interrupted as anticipation rises for Donald Trump’s inauguration.

Bitcoin (Bitcoin) reached its strongest price in terms of value in terms of US dollars in 2025 on Friday and set a new record high against the British pound as excitement grows for a new era of cryptocurrency-friendly US government ahead of Donald Trump’s inauguration next week.
Bitcoin surpassed $105,000 during the US session, rising 5.2% over the past 24 hours and leading the broadly based cryptocurrency benchmark CoinDesk 20 Index higher. Of the 20 components in CoinDesk, only closeAnd Litecoin ltc It kept pace with Bitcoin’s gains, while Solana (SOL) and Ethereum (Ethereum) lagging behind progress by 3%. XRP It recorded a decline of 4%, retreating from its record highs after a Huge market leading march Earlier this week.
Cryptocurrency-related stocks are also moving higher. MicroStrategy (MSTR), the largest Bitcoin holder, rose 7% on the day, while giant Coinbase (COIN) advanced 4.5%. MARA Holdings led gains among major bitcoin miners, up 13%.
It’s quite a turnaround from earlier in the week, when a broad market sell-off sent Bitcoin below $90,000, with fear of a deeper decline growing. However, Bitcoin initially rose 17% due to investor anxiety during the day on Wednesday US Consumer Price Index Inflation Report Passed and then shifted focus to Speculation About possible cryptocurrency actions that Donald Trump may take after his inauguration on January 20.
Alex Thorne, head of research at Galaxy, said that Bitcoin surpassed last week’s local high of $102,000, and also broke out of its multi-week downtrend from the highs and lows to target its record price in December.
“Now the $108,000 level represents a near-term target resistance,” he said in a statement. Share X. “There are a lot of reasons to be optimistic.”
Strong inflows from Bitcoin ETFs
Spot bitcoin ETFs collectively saw net inflows of $1.381 billion in the past two days, reversing a four-day streak of outflows, according to… Farside investor data. Ethereum ETFs attracted inflows of $166 million, their strongest day in over a month.
With markets closed on Monday, today is the last trading session in traditional markets before Trump’s inauguration.
BlackRock’s Ishares Bitcoin Trust ETF (IBIT) recorded nearly $1 billion in trading volume during the first hour of the session, recording the fourth-largest volume among all U.S. ETFs and surpassing Vanguard’s S&P 500 ETF (VOO) with nearly ten times more assets. Under management, per Chart data.
All eyes on Trump
The most important upcoming catalyst will be Trump’s inauguration on Monday, and cryptocurrency investors are anticipating a radical change from the new president. Trump promised during his campaign to position the United States as a leader in cryptocurrencies, including creating a national stockpile of bitcoin, in stark contrast to the regulatory and enforcement crackdowns of years past.
Bloomberg I mentioned On Thursday, Trump plans to issue an executive order to raise digital assets to a “national priority” and create an advisory board for industry members to make policy recommendations.
The odds of the United States creating Bitcoin reserves have risen sharply over the past days Polymarket dealers Which puts a 38% probability that Trump will do this within the first 100 days of his presidency.
“As the final week of the Biden presidency concludes, the technical picture remains very constructive for Bitcoin,” John Glover, chief investment officer at cryptocurrency bank Leiden, said in an email note.
“The only thing that could cause a significant corrective move lower is if Trump fails to act on his plans to ease regulatory policy around digital assets and start building Bitcoin treasury holdings,” he added. “Recent headlines suggest he is serious about making this a priority in his first 100 days.”
Glover’s analysis using wave theory predicts that Bitcoin will reach $128,000 in the coming months after a temporary wave 5 pattern, completing the larger wave 3 in its uptrend. According to wave theory, market trends unfold in five waves, three of which represent the underlying trend and the others constitute retracements.
A break above the $108,000 record is key, Glover said, and there remains little possibility of the recent lows of $90,000 being revisited. He added that this scenario is becoming increasingly unlikely.
publish_date