Bitcoin News: Institutional Dominance and Retail Impact in 2025
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Bitcoin's price surged to a new all-time high of over $109,000 during Trump's inauguration, driven by significant institutional interest. Analysts predict this trend could shape the cryptocurrency market for retail traders by 2025.
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap 22 January
Bitcoin price hit a new all-time high of above $109,000 amid Trump’s inauguration on Monday. With on-chain data trends showing that institutional players have been dominant during the latest BTC rally, Ondřej Kavka, CTO and Co-founder at BitDCA has hinted how recent accumulation wave from whale entities like MicroStrategy and El-Salvador could influence retail traders in 2025.
El Salvador Purchases 12 BTC Despite IMF Agreement
El Salvador has added 12 BTC to its reserves, increasing its Bitcoin holdings despite a recent agreement with the International Monetary Fund (IMF) to scale back some of its crypto policies. The National Bitcoin Office announced the purchase of 11 BTC for its Strategic Bitcoin Reserve, worth over $1 million, and an additional Bitcoin acquired for $106,000. The country's total Bitcoin holdings now stand at 6,044 BTC, valued at approximately $620 million, with Bitcoin trading above $103,000. This move continues President Nayib Bukele's administration's push for Bitcoin adoption, even after securing a $1.4 billion financing deal with the IMF.
Bitcoin Mining Revenue Hits $45M Daily
Bitcoin mining revenue has reached $45 million daily, indicating signs of healthy network growth. This spike in mining revenue could signal a shift towards sustained growth or upcoming price rallies. The current conditions closely mirror the high network activity seen during Bitcoin’s previous bull cycles. The role of Bitcoin mining in the network is crucial, as it serves as a key indicator of market health. The recent surge in Bitcoin mining revenue raises the question of whether this is the start of another explosive bull run or a sign of sustained growth less tied to immediate price fluctuations.
Donald Trump Pardons Silk Road Creator Ross Ulbricht
On January 21, Donald Trump announced that he had signed a full and unconditional pardon for Ross Ulbricht, the creator of the dark web marketplace Silk Road. Trump made the announcement on his social media platform, Truth Social, stating that the pardon was in honor of Ulbricht's mother and the Libertarian Movement, which supported him strongly. Trump criticized the legal process that led to Ulbricht's conviction, calling it 'ridiculous' and accusing the prosecutors of being involved in the 'modern-day weaponization of government' against him. Ulbricht had been serving two life sentences plus 40 years for his role in operating Silk Road, a platform known for facilitating illegal transactions, including those involving cryptocurrencies like Bitcoin.
US Crypto Stocks Close Down as Industry Awaits Trump Action
US crypto stocks experienced a downturn following President Donald Trump's first day in office, with no mention of cryptocurrency despite industry anticipation. Key stocks such as Riot Platforms (RIOT), Mara Holdings (MARA), Terawulf Inc (WULF), and CleanSpark (CLSK) saw significant drops. Coinbase (COIN) also dropped over 8.5% initially but closed relatively flat. Meanwhile, Bitcoin continued to climb, showing resilience amidst the stock market's volatility.
