CandleFocus Why Is Bitcoin Up? BTC Price Tests New ATH Ahead of Donald Trump’s Inauguration
2025-01-20
Author: Content Editor
Bitcoin's price reached a new all-time high of $109,350, driven by market optimism surrounding Donald Trump's inauguration as the 47th US President. Anticipation of pro-crypto policies under his administration, including the establishment of a strategic national Bitcoin reserve, has fueled market enthusiasm. Factors contributing to Bitcoin's rise include growing institutional adoption, supply constraints caused by the 2024 halving event, and positive sentiment from experts. Projections for Bitcoin's price in 2025 range from $175,000 to $250,000, with various experts citing factors such as merchant adoption, supply shortage, institutional inflows, and regulatory clarity as key drivers.
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