The post Bitcoin Spikes to 2025 High Price Near $105K Ahead of Trump Inauguration appeared on BitcoinEthereumNews.com.

The price of Bitcoin climbed to its highest point in nearly a month Friday, crossing $104,000 on the eve of President-elect Donald Trump’s inauguration and making a push towards $105,000. The Republican is set to assume control of the White House Monday, and per reporting from Decrypt is likely to issue a series of crypto-related executive orders, ranging from regulatory directives at the SEC to the potential establishment of a so-called national Bitcoin reserve. Bitcoin has climbed as high as $104,696 so far Friday and is currently priced at $104,585, up nearly 5% over the past day. The leading cryptocurrency is now about 3% away from its all-time high price of $108,135 set in December. As inflation fears have cooled, the cryptocurrency has climbed nearly 12% over the past week, while briefly trading hands under $90,000 as macro jitters intensified Monday. While the market appears enthusiastic about the prospect of a crypto-friendly president, BRN analyst Valentin Fournier wrote in a Friday note that it would take time for Trump to deliver on any proposed initiatives, which could dent investor sentiment. “Investor expectations may be too optimistic,” he wrote. “Delays in implementing proposed measures could trigger a ‘sell the news’ reaction, potentially disrupting Bitcoin’s current positive momentum.” After four straight trading days of net outflows, spot Bitcoin ETFs flipped positive Wednesday alongside a highly-anticipated inflation snapshot. On Wednesday and Thursday, spot Bitcoin ETFs pulled in $755 million and $626 million, respectively, according to CoinGlass. As part of a decentralized network, Bitcoin trades around the clock. In recognition of Martin Luther King Jr. Day, the stock market will be closed, however, making Friday the last day for traders to position themselves around Trump’s first day, according to a post on X (formerly known as Twitter) from Steven Lubka, head of private clients…

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Filed under: News - @ January 17, 2025 10:28 pm