Bitcoin Surges to $105,000 Ahead of Trump’s Inauguration
Bitcoin has reached a new high of over $105,000, marking its strongest price in USD since 2025 and a record against the British pound. Key points include:
- BTC surged 5.2% in 24 hours, leading the CoinDesk 20 Index.
- MicroStrategy's stock rose 7%, while Coinbase increased by 4.5%. Major miner MARA Holdings gained 13%.
- Earlier this week, BTC fell below $90,000 but bounced back by 17% as investor anxiety eased post-U.S. CPI inflation report.
- Spot bitcoin ETFs saw $1.381 billion in inflows over two days, while ether ETFs attracted $166 million.
- Trump's upcoming inauguration is anticipated to shift U.S. crypto policy towards favorability, with plans for a national bitcoin reserve gaining traction.
Market analysts suggest Bitcoin could target $128,000 based on technical patterns, with critical resistance at $108,000.
