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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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    Top 4 Reasons Bitcoin Price Broke $100K Today

    • currency-symbol BTC $ 85,133.41 (2.17%) top gainer
    Story Highlights
    • After a brief correction, Bitcoin experienced strong growth, exceeding $100,000 driven by several factors.

    • A rise in wallets holding significant amounts of Bitcoin suggests strong confidence among large investors.

    • Despite recent growth, the market may still be consolidating after a previous correction.

    Yesterday, Bitcoin surged back into the $100K range, posting an impressive 4.06% gain in just one day. This marks a strong comeback for the leading cryptocurrency, which has already grown by 6.65% since the start of 2025.

    But what’s driving this rapid growth? Bitcoin’s latest rally is outpacing the broader crypto market, which has grown by 2.9% in the last 24 hours.

    Several factors are at play. Let’s dive in.

    A Wild Ride to $100K for Bitcoin

    However, between January 7 and 9, the market experienced a correction of 9.4%. Even though the mBitcoin first crossed the $100K mark on December 5, 2024, hitting an all-time high (ATH) of $108,369.05 on December 17. However, by the end of 2024, the price had fallen to $93,552.66, about 13.67% below its ATH. The beginning of 2025 saw a strong 9.30% growth in the first six days, pushing Bitcoin back above $100K.

    Between January 7 and 9, the market faced a 9.4% correction. While the market hasn’t fully recovered from this dip, the period from January 14 to 15 saw a remarkable 6.30% rise, helping Bitcoin rebound to the $100K level. As of now, Bitcoin is priced at $99,784.47, just shy of its peak.

    Key Factors Influencing the Crypto Market 

    Trump’s Inauguration and SEC Policies

    Donald Trump, who will take office as U.S. president on January 20, 2025, has promised to introduce policies aimed at supporting the growth of the cryptocurrency market. Many crypto enthusiasts believe that his administration will push for regulatory changes that could benefit the industry.

    Lower Inflation Rates Spark Optimism

    In December 2024, the U.S. core inflation rate dropped slightly from 3.3% to 3.2%. This decrease has led to speculation that the U.S. Federal Reserve might reconsider its hawkish stance on interest rates, which could create a more favorable environment for Bitcoin and other assets.

    Israel-Hamas Ceasefire

    In a press release released on January 15 from the office of US President joe biden it was revealed that Israel and Hamas had reached a ceasefire and hostage agreement. The agreement is expected to reinstate peace in the Middle East region, which has witnessed one of the most disastrous conflicts in modern history. 

    Growing Confidence Among Bitcoin Whales

    The Bitcoin market has also seen an increase in the number of wallets holding 10 or more BTC, suggesting rising confidence among major Bitcoin holders, or whales. This trend signals strong backing for Bitcoin, even as the number of smaller wallets has decreased—an occurrence that typically aligns with market rallies.

    Bitcoin’s rise above $100K marks a strong beginning for 2025, with favorable macroeconomic factors and positive on-chain signals supporting its growth. As the year progresses, Bitcoin remains in a solid position.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    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.

    How much will the Bitcoin price be in 2050?

    By 2050, a single BTC price could go as high as $12,436,545.

    Show More

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