On January 15, Bitcoin's price surpassed the $100,000 level, defying the volatile start of the year. Investors are optimistic about the impact of Donald Trump's administration.
Recovery after decline
After experiencing bearish pressure near the $90,000 mark, Bitcoin's price steadily climbed back to the six-digit threshold.
Macroeconomic factors
The Santiment platform highlights the favorable macroeconomic environment as a key driver for Bitcoin's growth. Positive U.S. news contributed to over a 4% increase in value.
Impact of the Trump administration
The Trump administration is expected to reduce non-fraud related crypto cases and create a more favorable regulatory environment for digital assets. Moderate U.S. inflation decreases have led to hopes for future Federal Reserve rate cuts. Santiment analysts note trader optimism for rapid cryptocurrency growth.
At the time of writing, Bitcoin trades around $100,675, up 4.14% in 24 hours. This growth brings BTC closer to its December 17, 2024, peak at $108,000.
