4 Main Reasons That Make Bitcoin Price Surpass 100K USD Today

Yesterday, Bitcoin surged back to the $100,000 level, marking an impressive 4.06% increase in just one day. This represents a strong comeback for the leading cryptocurrency, which has already seen a 6.65% increase since the beginning of 2025. But what is driving this rapid growth? The latest price surge of Bitcoin is far outpacing the overall cryptocurrency market, which has increased by 2.9% in the past 24 hours. Exciting Journey to $100K for Bitcoin However, from January 7th to January 9th, the market experienced a 9.4% correction. Although Bitcoin first surpassed the $100,000 mark on December 5th, 2024, reaching an all-time high (ATH) of $108,369.05 on December 17th. However, by the end of 2024, the price had dropped to $93,552.66, a decrease of about 13.67% from the ATH. The beginning of 2025 witnessed a strong growth of 9.30% in the first six days, pushing Bitcoin back above $100,000. From January 7th to January 9th, the market faced a 9.4% correction. Although the market has not fully recovered from this decline, the period from January 14th to January 15th witnessed a significant increase of 6.30%, helping Bitcoin recover to $100,000. As of the current time, Bitcoin is priced at $99,784.47, just slightly below the peak.

Key Factors Influencing the Cryptocurrency Market Trump's Inauguration and SEC Policies Donald Trump, who will take office as the President of the United States on January 20, 2025, has promised to implement policies to support the development of the cryptocurrency market. Many cryptocurrency enthusiasts believe that his administration will promote regulatory changes that could benefit this industry. Low Inflation Rates Create Optimism

In December 2024, the US core inflation rate fell slightly from 3.3% to 3.2%. This decline has led to speculation that the Federal Reserve may reconsider its hawkish stance on interest rates, which could create a more favorable environment for Bitcoin and other assets. Israel-Hamas Ceasefire In a press release published on January 15 from the office of the President of the United States [popover-profile type="person" name="joebiden"], it was revealed that Israel and Hamas have reached a ceasefire agreement and rescued hostages. The agreement is expected to restore peace in the Middle East, which has witnessed one of the most devastating conflicts in modern history. Increasing Confidence Among Bitcoin Whales The Bitcoin market has also seen an increase in the number of wallets holding 10 BTC or more, indicating growing confidence among large Bitcoin holders or whales. This trend signals strong support for Bitcoin, even as the number of smaller wallets has decreased - a pattern often associated with market price increases. The rise of Bitcoin above $100,000 marks a strong start for 2025, with favorable macroeconomic factors and positive on-chain signals supporting its growth. As the year unfolds, Bitcoin remains in a strong position.