Bitcoin News: BTC/USD Breaks Through 100K Barrier Amid Improved Sentiment

Bitcoin has surged past the psychological 100K barrier, driven by improved market sentiment and expectations of regulatory changes under the incoming Trump administration.

BTC/USD Outlook: Cracks 100K Barrier as Sentiment Brightens

BTC/USD has experienced a quick rebound after a recent strong downside rejection at the key 90K support zone. The cryptocurrency has probed through the psychological 100K barrier, signaling that bulls are back in play. The sentiment has improved due to news that the incoming Trump administration will start overhauling US SEC cryptocurrency policies as soon as they take power next week. Top Republican officials at the Securities and Exchange Commission will work on rules to clarify when cryptocurrencies become securities and aim to end a crypto crackdown led by the former SEC chair from the Democrat party. The dynamics of the new officials' work are expected to directly reflect on crypto's price action, with a brightening outlook likely to continue inflating the price. Meanwhile, fresh bulls may show further hesitation at the 100K barrier, reinforced by the top of the thick daily Ichimoku cloud.

Binance BTC Open Interest Surges by $500M Following Positive US Inflation Report

Bitcoin Open Interest (OI) on Binance, the leading cryptocurrency exchange, surged by $500 million shortly after the release of the US Consumer Price Index (CPI) data for December. The data indicated a lower-than-expected inflation rate, particularly in the CORE inflation segment, which has fueled Optimism among crypto investors. Analysts suggest that this positive macroeconomic outlook could lead to interest rate cuts by the Federal Reserve throughout 2025, boosting the crypto market. CryptoQuant analyst Burakkesmeci highlighted that the favorable CPI report has brought optimism to the crypto community, signaling a potential shift towards risk-on markets. The total Bitcoin OI on Binance has now reached $10.96 billion.

Bitcoin Is Back in the Spotlight While This Breakthrough Coin Gathers Under-the-Radar Support

Bitcoin (BTC) has once again taken center stage as its price surges, rekindling investor interest and media attention. As the flagship cryptocurrency, Bitcoin often dictates the overall market sentiment. However, while Bitcoin captures the limelight, a breakthrough blockchain project, Lightchain AI, is quietly amassing support from savvy investors looking for the next big opportunity. With $10.6 million raised in its presale and a token price of $0.00525, Lightchain AI is positioning itself as a strong contender in the crypto space.

Impact of Trump’s Pro-Crypto Policies and TradFi Innovations

Recent pro-crypto policies introduced by Trump and upcoming traditional finance innovations like Clearpool’s Ozean are contributing to a bullish movement in the cryptocurrency sector. These developments are expected to enhance blockchain technology adoption and could significantly impact the liquidity and growth of various cryptocurrencies, including Bitcoin, stablecoins, and altcoins.

Bitcoin Poised to Top Record as Trump Inauguration Nears

The assuaging of inflation concerns clears the way for bitcoin to set record highs as Trump's swearing-in nears, 21Shares said. Asymmetric price discovery likely on potential hints of creation of a strategic bitcoin reserve on day one, Two Prime noted. Market Maker Wincent expects 10% price swings in major coins, including BTC. Crypto traders are optimistic again, anticipating Bitcoin (BTC) will surpass record highs amid volatile trading as pro-crypto President-elect Donald Trump's inauguration on Jan. 20 nears. The price of bitcoin, the biggest cryptocurrency, has risen 11% from Monday's lows under $90,000. It has jumped nearly 3% in the past 24 hours, topping $100,000 at one point, CoinDesk data show.