As of January 10, 2025, Bitcoin (BTC) is trading at approximately $92,884, reflecting a decline of about 1.84% from the previous close.
In December 2024, Bitcoin's price surpassed $100,000 for the first time, driven by optimism surrounding President-elect Donald Trump's pro-crypto stance and plans to make the U.S. a global leader in digital currencies.
The cryptocurrency industry anticipates a "golden era" under the incoming Trump administration, expecting reduced regulatory scrutiny and increased mainstream acceptance. Plans include creating a Bitcoin stockpile and establishing a crypto advisory council, with the appointment of pro-crypto businessman Paul Atkins as head of the SEC being particularly well-received.
Institutional adoption of Bitcoin continues to grow, with companies like MicroStrategy significantly increasing their holdings. MicroStrategy's stock has risen over 400% since the start of 2024, closely following Bitcoin's price movements.
Additionally, the approval of Bitcoin exchange-traded funds (ETFs) in January 2024 has facilitated greater access for investors, contributing to increased trading volumes and market participation.
Despite these positive developments, Bitcoin's price remains volatile, influenced by global events and market sentiment. Investors are advised to exercise caution and conduct thorough research before making investment decisions.
