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.
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.
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.
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.
In a press release released on January 15 from the office of US President joe biden
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.
In 2030, the price of 1 Bitcoin could reach a height of $610,646.
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.
By 2050, a single BTC price could go as high as $12,436,545.
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