Bitcoin Reaches $102,500 Amid Hopes for U.S. Strategic Reserve Under Trump

Jan 6, 2025, 03:16 PM

Bitcoin has surged past the $100,000 mark for the first time in 2025, reaching as high as $102,500. This rise coincides with the anticipation of Donald Trump's upcoming inauguration, with market sentiment buoyed by expectations of a more crypto-friendly administration. The cryptocurrency's price increase is seen as part of a broader market recovery, with other cryptocurrencies also experiencing gains. Analysts attribute the surge to several factors, including the prospect of increased institutional adoption and the potential for a U.S. strategic Bitcoin reserve under Trump's presidency.