Bitcoin Surges 11% Ahead of Trump’s Inauguration Amid Market Optimism

Crypto traders show renewed optimism as bitcoin is expected to surpass record highs ahead of President-elect Donald Trump's inauguration on January 20.

Bitcoin's price increased by 11% from Monday's lows, reaching over $100,000.
The rise follows a softer-than-expected core CPI report, easing fears of a hawkish Fed.
Matt Mena from 21Shares anticipates a breakthrough above the $100,000 resistance level, potentially leading to new all-time highs.
Trump's support for pro-growth policies could positively impact bitcoin and risk assets.
The Nasdaq 100 index surged over 2%, with BTC showing strong correlation to it.
The dollar index rally has stalled, benefiting risk assets; the S&P 500 nears 6,000.
A break above 6,000 may signal further growth in the global asset bull market.
Trump's potential creation of a Strategic Bitcoin Reserve could significantly influence prices.

Volatility Expected

Paul Howard from Wincent anticipates a volatile week with +/-10% moves possible across major cryptocurrencies including BTC and ETH.
Market reactions will depend on announcements from the new administration regarding digital asset regulation.