Bitcoin Traders Eye $109K as Trump Anticipation Builds, BTC ETFs Rake in Nearly $1B | by Saad Jameel | The Capital | Jan, 2025
In 2025, the dawn of a clear January morning, the realm of cryptocurrencies teemed with activity. Watchers of Bitcoin’s price hovering at an incredible $100,701.6 were traders, speculators, and analysts all riveted to their screens. For the top cryptocurrency in the world, it was more than just a figure; it was a symbol of triumph, a sign of comeback for the planet.
Bitcoin had risen beyond the $100,000 mark for the first time in human memory. With a startling 140% increase over 2024, the path to this benchmark has been nothing less than remarkable. Driven by a mix of political events and worldwide economic changes, the march had left many stunned. Among these, the expectation around the forthcoming policies of former President Donald Trump had taken front stage. Renowned for his erratic but market-shaking actions, Trump’s alleged pro-cryptocurrency posture inspired hope for a more favorable legislative environment, hence increasing the attraction of Bitcoin.
The almost $1 billion flood of Bitcoin exchange-traded funds (ETFs) into American markets fed the fire. Attracting both seasoned investors and interested newbies, this wave of institutional interest marked a fresh chapter of credibility and acceptability for Bitcoin. The market value of cryptocurrencies has surged to nearly…
