As of January 5, 2025, Bitcoin is trading around $97,754, reflecting a slight decrease from its recent peak of over $108,000 in mid-December 2024.

This surge was driven by the U.S. Securities and Exchange Commission's approval of spot exchange-traded funds (ETFs) and optimism surrounding regulatory changes with Donald Trump's return to the White House.

Analysts remain optimistic, with projections suggesting Bitcoin could reach $200,000 by late 2025, fueled by increased institutional adoption and favorable regulatory developments.

However, some caution that without decisive action from the Trump administration, Bitcoin could experience a pullback toward $77,000.

Investors should monitor regulatory policies and market sentiment closely, as these factors are likely to influence Bitcoin's trajectory in the coming months. $BTC