Bitcoin It broke above the $95,000 level for the first time on Wednesday night as investors continued to price in Donald Trump’s second term as president.
The price of the flagship cryptocurrency was last up more than 3% to $97,646.68, according to Coin Metrics. It previously rose to $97,903.00.
MicroStrategy Stockthe Bitcoin agency rose 3% in after-hours trading. Mining stocks also rose, Mara Holdings Increased by 4%.
Bitcoin continues its march toward $100,000
This month, Bitcoin has been regularly breaking new records, as President Trump has announced plans for more supportive regulations for the crypto industry and potential national strategic Bitcoin reserves and stockpiles. It comes from the expectation that it will usher in the arrival of an era.
It is widely expected to reach $100,000 this year and double by the end of 2025.
“Bitcoin’s price continues to be driven by a number of factors, including improved liquidity conditions, increased adoption by institutional investors, and a regulatory environment that has turned from headwinds to tailwinds,” said Sam Callahan, analyst at Swan Bitcoin. “It has been done,” he said.
President Trump’s other words hint at a widening budget deficit, an increased likelihood of inflation, and a change in the dollar’s international role, all of which will have a positive impact on Bitcoin’s price. .
Bitcoin rose over 127% in 2024.
