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Bitcoin storms $100,000 amid expectations of Trump's policy


Ocak, 16 2025
watermark Economic news

Bitcoin continues to hold near the psychological mark of $100,000. Its rapid intraday growth was driven by encouraging data on inflation in the United States. Optimism in the markets increased amid expectations of a reduction in the Fed's interest rate. 


Investors' attention is shifting to the economic policy of newly elected President Donald Trump, who will be inaugurated on January 20. Among the potential steps of his administration, measures to support the cryptocurrency sector are being considered. Earlier, Trump announced his intention to turn the United States into the center of the digital economy and even considered the idea of forming a state reserve of bitcoin.


On Wednesday, bitcoin ended trading just above $100,000, but on Thursday morning, its exchange rate adjusted to $99,385, holding most of the recent gains. 


The key question remains whether profit-taking will continue after the 50% rally that began with Trump's election victory. Last month, the cryptocurrency reached an all-time high of $108,080.



    






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