Bitcoin News: Surge to $102,400k as U.S. Investors Anticipate Pro-Crypto Trump Era

Bitcoin (BTC) has experienced a significant surge, surpassing $102,400k, driven by renewed interest from U.S. investors who are optimistic about a pro-crypto stance under President-elect Donald Trump. This rally comes ahead of Trump's inauguration, with Bitcoin's price increasing by more than 2% in the last 24 hours. The recovery in the Coinbase premium metric, which tracks the price difference between Coinbase and other exchanges, indicates strong buying pressure from U.S. investors. This development suggests a bullish sentiment in the market, as investors bet on favorable regulatory changes and increased adoption of cryptocurrencies under the new administration.

Bitcoin Surges Over $102,400k as U.S. Investors Bet Big on Pro-Crypto Trump Era

Bitcoin (BTC) is rallying ahead of President-elect Donald Trump’s inauguration, with renewed U.S. investor interest driving momentum. At the time of writing, the leading crypto is trading at $102,471k, having increased by more than 2% in the last 24 hours. The most recent data on the on-chain analytics platform CryptoQuant shows recovery in the key Coinbase premium metric. This metric tracks the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT equivalent, reflecting U.S. sentiment. U.S. investors drive market momentum as Coinbase Premium turns positive. CryptoQuant contributor Burak Kesmeci wrote in one of its Quicktake blog posts that U.S. investors are showing renewed buying interest as BTC continues to surge. The Coinbase Premium Index (CPI) turned positive for the first time.

Bitcoin Price Analysis: BTC Eyes New All-Time High If Key Support Holds

Bitcoin’s price has once again broken above the $100K level, and investors are wondering whether it can keep above this time around, especially after bouncing off the plunge below $90,000 on Monday. On the daily chart, the asset has been struggling to rise above the $100K level over the past few weeks. However, the market is now testing the six-digit territory and is trying to stay above it and rally toward a new all-time high. If the cryptocurrency closes above this level, it is very likely to trend higher in the coming months and potentially reach the $120K mark. Looking at the 4-hour chart, the market has been consolidating inside a large falling wedge pattern, testing the higher and lower boundaries on multiple occasions.

Royal Government of Bhutan Moves Bitcoin (BTC) Through Anonymous Addresses

The Royal Government of Bhutan has once again moved Bitcoin (BTC) through anonymous addresses, selling a tranche of BTC as prices neared $102,000. The country, known for its long-term holding strategy, has previously utilized exchanges like Binance and Kraken for such transactions. Druk Holdings, Bhutan's mining operator, retains a significant reserve of 11,055K BTC, valued at over $1.16 billion. Recent transactions include a transfer of 255.26 BTC to an unknown address and a subsequent transfer of 377.787 BTC to an anonymous CoinJoin address. These movements highlight Bhutan's active management of its cryptocurrency assets.

Elon Musk Mocks Janet Yellen for Cybersecurity Breach, Mentions Bitcoin

Elon Musk has publicly mocked U.S. Treasury Secretary Janet Yellen following a cybersecurity breach that affected her and her top deputies. Musk took to X (formerly Twitter) to criticize Yellen's cybersecurity awareness, suggesting that even a 12-year-old could hack her computer. He also speculated that the breach might have involved a Bitcoin-related scam email, humorously suggesting Yellen might have fallen for a 'send me 1 BTC, I send you 2 BTC' scheme. The breach, attributed to Chinese state-backed hackers, compromised fewer than 50 unclassified files on Yellen's device and also affected the computers of her deputies, Wally Adeyemo and Brad Smith.

Best Presales to Buy as Crypto Goes Green Across the Board

After a challenging period, Bitcoin ($BTC) has surged past the $100K mark, sparking optimism across the cryptocurrency market. This rally coincides with the upcoming Trump Inauguration, which some speculate may be influencing Bitcoin's price. As the market experiences a bullish trend, investors are keen on identifying promising crypto presales. Despite the current uptrend, the inherent volatility of the crypto market advises caution. Bitcoin's market cap continues to grow, highlighting its dominant position in the market.