As of January 20, 2025, Bitcoin (BTC) is experiencing a bullish trend, with its price surpassing $109,000. This surge is attributed to the inauguration of President Donald Trump, who has expressed strong support for cryptocurrencies. During his campaign, Trump pledged to transform the U.S. into the "crypto capital" of the world, proposing initiatives such as creating a national cryptocurrency stockpile and appointing a "crypto czar."

Market analysts have been optimistic about Bitcoin's trajectory. CoinCodex's predictions indicate a potential rise to approximately $124,116 by February 14, 2025, reflecting a 25.26% increase from current levels. Similarly, 10x Research forecasted Bitcoin reaching $100,000 by January 2025, a milestone that has been achieved.

The broader financial markets are also responding to the new administration. Asian shares have risen, with Bitcoin reaching record highs ahead of the U.S. inauguration. However, U.S. markets are experiencing slight declines in futures, with the Dow Jones futures falling, as investors anticipate potential policy changes under President Trump's leadership.