In an unprecedented surge, the price of Bitcoin has shattered the significant resistance level of approximately $99.3k, reaching beyond the $100k mark for the first time in 2025. This milestone has sparked excitement and optimism within the cryptocurrency community and beyond.
Political Influence on Bitcoin’s Future
The upcoming inauguration of US President-elect Donald Trump, a figure with a substantial influence on financial markets, is adding to the bullish sentiment. Trump, known for his advocacy of Bitcoin and digital assets, is expected to implement policies favoring the growth and adoption of cryptocurrencies. This political support is seen as a catalyst for the crypto market’s positive momentum.
Rising Stablecoins Supply on Centralized Exchanges (CEXes)
Recent on-chain data analysis from Coinglass indicates that the supply of major stablecoins, such as Tether (USDT), Circle’s USD Coin (USDC), and FDUSD, has been on an upward trajectory. The supply of USDC alone has increased by nearly $1 billion since December 26, 2024, reaching $4.48 billion at present. Similarly, USDT’s supply has surged from $21 billion to over $38 billion.
In the last 24 hours, the on-chain intelligence platform Sentiment reported a $50 million surge in FDUSD deposits to the Binance exchange, suggesting strategic moves by large traders aiming to capitalize on recent market dips.
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Altseason Ahead: The Rise of Altcoins
The increase in stablecoin supply on centralized exchanges signifies enhanced purchasing power, especially among whale traders. This trend coincides with Bitcoin’s dominance forming a macro reversal pattern, following a prolonged period within a rising channel over the past two years.
Concurrently, the TOTAL2 and TOTAL3 market caps have been experiencing an upward trend, gaining momentum from the decisive victories of pro-crypto leaders in the United States. Leading altcoins like Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) are already displaying macro bullish patterns, indicating a potential parabolic rally in the near term.
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FAQs
Why is Bitcoin going up today?
Bitcoin’s recent surge can be attributed to its breakout above the $100K threshold and the growing bullish sentiment fueled by US policies supporting digital assets.
How much will $1 Bitcoin be worth in 2030?
In 2030, the price of 1 Bitcoin could potentially soar to $610,646, according to projections.
What will Bitcoin be in 10 years?
While projecting the future of a volatile asset like Bitcoin is challenging, it is expected that BTC could surpass $600,000 by 2030. With widespread global adoption, Bitcoin might reach a value of 1 million dollars.
