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Bitcoin blasts above $100K š
Bullish vibes are back as Bitcoin surges, ETFs are humming again, and MicroStrategy adds to its $45 billion stash.
Andrew Hayward
January 06, 2025
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š What you need to know
Bitcoin plunged below the $100K mark ahead of Christmas, but after two-plus weeks stuck in the five-figure range, the leading cryptocurrency is once more trading above that milestone price.
The price of Bitcoin jumped above $100,000 on Monday morning after coming close over the weekend, and continued to rise above $102,000, where it remains.
The spike came both amid lingering optimism over the āTrump tradeā as the President-electās win was certified Monday, but also a weakening U.S. dollar following a report that Trumpās planned tariffs might not be as severe as originally expected. (Trump denied the report, for what itās worth.)
Bitcoin ETFs have already added more than $500 million worth of the asset in the new year, plus MicroStrategy bought another $101 million in BTC in its ninth straight weekly purchase. Are the bullish vibes back? At least for today, yes.
š¬ Quote of the Day
āBitcoin is engineered to be the most reliable monetary system in the world for savings and payments.ā
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