Market Cap: $2.8033T 4.290%
Volume(24h): $98.6826B 39.970%
  • Market Cap: $2.8033T 4.290%
  • Volume(24h): $98.6826B 39.970%
  • Fear & Greed Index:
  • Market Cap: $2.8033T 4.290%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83486.942804 USD

0.51%

ethereum
ethereum

$1942.951501 USD

1.96%

tether
tether

$1.000040 USD

-0.01%

xrp
xrp

$2.311790 USD

1.03%

bnb
bnb

$615.076581 USD

-3.89%

solana
solana

$126.406699 USD

0.83%

usd-coin
usd-coin

$1.000150 USD

0.03%

cardano
cardano

$0.715061 USD

0.83%

dogecoin
dogecoin

$0.167881 USD

-0.10%

tron
tron

$0.229729 USD

2.10%

chainlink
chainlink

$14.028689 USD

-1.06%

unus-sed-leo
unus-sed-leo

$9.781092 USD

-0.41%

toncoin
toncoin

$3.586497 USD

1.25%

stellar
stellar

$0.277540 USD

2.47%

hedera
hedera

$0.188848 USD

0.32%

Cryptocurrency News Articles

Bitcoin (BTC) Price Resumes Bullish Trend Ahead of Donald Trump’s Inauguration

Jan 19, 2025 at 12:30 am

Bitcoin (BTC) rose to a high of $105,847, its highest level since Dec. 18, and significantly higher than this week's low of $82,055.

Bitcoin (BTC) Price Resumes Bullish Trend Ahead of Donald Trump’s Inauguration

Bitcoin price rose to a high of $105,847 on Friday, its highest level since Dec. 18, and significantly higher than this week’s low of $82,055.

The price of BTC was last seen up 10% over the past 24 hours and 65% year-to-date.

Crypto investors are likely keeping an eye on the upcoming Trump inauguration and the potential regulatory changes that could follow.

Trump has pledged to be a crypto-friendly president and seeks to make the U.S. the crypto capital of the world.

While the U.S. already mines the most cryptocurrency, crypto critics often cite Bitcoin’s energy-intensive proof-of-work mining process as being at odds with energy conservation initiatives.

Trump, who recently launched his own meme coin, also runs World Liberty Financial, a crypto project that has raised millions of dollars, including from Justin Sun.

Another potential catalyst that will push Bitcoin price to a record high is the ongoing stablecoin inflows.

CryptoQuant data shows that stablecoins have continued to flow into exchanges. This is notable since stablecoins are used to buy Bitcoin and other coins.

Bitcoin price has strong technicals

The weekly chart shows that Bitcoin price has done well this week. It has formed a bullish engulfing pattern, a popular positive sign.

This pattern comprises a big bullish candlestick that covers a previous bearish candle completely.

Bitcoin has also formed a bullish pennant pattern consisting of a long vertical line and a symmetrical triangle. This pattern often leads to a strong breakout, as we saw with Ripple (XRP) this week.

XRP was forming a pennant pattern since November last year.

Bitcoin remains above the 50-week and 100-week moving averages. It has also moved much higher than $68,930, the upper side of the cup and handle pattern that formed between 2021 and November last year.

Therefore, Bitcoin will likely have a strong breakout and move to its all-time high of $108,200. A break above that level may see it jump to the next psychological point at $100,000.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 20, 2025