Bitcoin Price Today Breaks $100K Barrier Amid Stablecoin Surge

Published by

Sohrab Khawas

January 7, 2025

Bitcoin Price Today Breaks $100K Barrier Amid Stablecoin Surge

Bitcoin has finally surged past the $100,000 mark, breaking a crucial resistance level of $99.3K for the first time in 2025. This milestone comes as U.S. President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President prepares for his inauguration, with his administration strongly backing Bitcoin and other digital assets.

The crypto market is buzzing with optimism, signaling bullish momentum in the near future.

Stablecoin Supply Jumps: Whales on the Move?

On-chain data from Coinglass highlights a steady rise in the supply of major stablecoins like Tether (USDT), Circle’s USDC, and FDUSD. This trend points to growing purchasing power, particularly from whale traders preparing to enter the market.

USDC Growth: USDC supply on centralized exchanges has risen by nearly $1 billion since December 26, 2024, reaching $4.48 billion as of now.

USDT Surge: The supply of USDT-Ether has jumped from $21 billion on November 5, 2024, to over $38 billion today.

FDUSD Deposits: Over $50 million worth of FDUSD was deposited to Binance in the past 24 hours, likely by whales eyeing the recent dip in crypto prices.

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Altseason Ahead?

Bitcoin dominance is showing signs of a major shift, forming a reversal pattern after being confined to a rising channel for the last two years. Meanwhile, the TOTAL2 and TOTAL3 market caps, which track the performance of altcoins, are climbing steadily.

This comes after pro-crypto leaders achieved significant victories in the U.S., adding to the market’s bullish sentiment.

Top-tier altcoins like Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) are already showing strong bullish trends. Analysts predict these assets could be gearing up for a parabolic rally in the near term.

The future of Bitcoin and digital assets looks brighter than ever, as this year’s momentum continues to build.

FAQs

Why is Bitcoin going up today?

Bitcoin’s recent rise is driven by the breakout above $100K and growing bullish sentiment due to US policies supporting digital assets.

How much will $1 Bitcoin be worth in 2030?

In 2030, the price of 1 Bitcoin could reach a height of $610,646.

What will Bitcoin be in 10 years?

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.