Bitcoin teases $100k as markets count down to Trump presidency
BITCOIN continues to flirt coquettishly with the psychologically-important $100,000 level, though the six-figure mark remains elusive.
It’s been a steady start to the year for the crypto markets though all told, but with Trump’s inauguration now just two weeks away, will we see a new all-time high on the back of it?
It certainly looks like the institutional narrative around crypto shows no signs of letting up in 2025, with Tokyo-listed investment firm Metaplanet announcing plans to expand its Bitcoin holdings to 10,000 BTC this year.
In less-surprising news, Bitcoin development firm MicroStrategy also announced plans to raise $2 billion through preferred stock offerings with a view to buying more Bitcoin in the first quarter of 2025. Will it pave the way for other major players to add Bitcoin to their treasuries this year?
In the Markets
Total crypto market cap
$3.51 trillion (+0.96%)
What Bitcoin did yesterday
Daily high $98,813 | Daily low $97,291
Bitcoin market capitalisation
$1.96 trillion (+1.4%)
Bitcoin 24-hour trading volume
$29.19 billion (+46.77%)
SP500
+1.26%
Fear and Greed Index
Greed
Source: Coinmarketcap
The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.
Bitcoin Relative Strength Index (RSI) (14)
55.48
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
Cautionary Notes
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
