Bitcoin surpasses $106,000, but 3 key actions are needed to reach new all-time highs.
Bitcoin started 2025 strong, but a new set of factors needs time to consolidate before the price of BTC seeks new highs.
Bitcoin had a strong start in 2025, gaining 13.5% in the first 30 days. This price movement reflected a complete turnaround in the attitude of the United States government, becoming more favorable to the sector. However, the price of Bitcoin has been capped at $105,000, leading traders to question the reasons behind the apparent stagnation.
The conditions for a sustained bullish rally in Bitcoin are present, but three factors are preventing a new all-time high. Trump's presidency in the U.S. is increasing opportunities for banks and hedge funds to hold crypto assets without affecting their balance sheets.
The chairman of the U.S. Federal Reserve, Jerome Powell, addressed the issue at a press conference following a meeting of the Federal Open Market Committee (FOMC) on January 29. Powell stated that banks were "perfectly capable of serving crypto clients," as long as they managed risks, adding that the institution "is not against innovation."
On January 30, the board of the Czech National Bank (CNB) approved a proposal to assess investments in Bitcoin as part of its international reserves management strategy. The announcement followed an interview with CNB Governor Aleš Michl by the Financial Times, in which he revealed the intention to allocate up to 5% of the country's €140 billion reserves to Bitcoin.