Bitcoin Climbs Toward $100K as Trump Era Sparks Crypto Optimism
17 January 2025
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Bitcoin is closing in on the symbolic $100,000 threshold, buoyed by speculation that President-elect Donald Trump could unveil executive orders favorable to the digital asset sector once he takes office on January 20. The leading cryptocurrency has advanced more than 2% in the past 24 hours, reflecting growing investor optimism.
Institutional Adoption in Focus
Analysts argue that clearer government backing under Trump could ease reputational risks for corporations weighing Bitcoin exposure. With tech giants such as Meta, Amazon, and Apple deepening ties to the incoming administration, speculation is rising that major companies could soon follow Tesla’s playbook and add Bitcoin to their balance sheets.
Risks Remain on the Downside
Still, not all forecasts are bullish. Standard Chartered has cautioned that if BTC slips below $90,000, momentum-driven ETF outflows could accelerate selling, potentially dragging prices into the low $80,000s. Such a move would test the resilience of institutional demand and could derail the bullish narrative.
Outlook
With Trump’s inauguration just days away, crypto markets remain highly sensitive to political signals. Whether Bitcoin breaks decisively above $100,000—or faces a sharp correction—may depend less on technicals and more on the tone of early policy announcements from the new administration.
