Bitcoin surged above $105,000 on Saturday, briefly reaching $106,000, as optimism returned to the cryptocurrency market. The rise comes as investors anticipate Donald Trump’s second-term inauguration, with his positive stance on digital assets fueling confidence.
Bitcoin is now valued at $105,047, marking a 1.86% increase, with a market cap of $2.08 billion.
Earlier this week, Bitcoin’s price fell below $90,000 due to uncertainty about US Federal Reserve policies. The dip reflected concerns over potential interest rate hikes, which often dampen investor enthusiasm for cryptocurrencies.
However, market sentiment shifted after reports suggested a possible interest rate cut. This news reignited investor interest, pushing Bitcoin’s price above $99,000 and eventually crossing the $100,000 threshold again.
Historically, lower interest rates have made Bitcoin more attractive as an alternative investment, offering higher potential returns than traditional financial products. Traders responded quickly to the improved outlook, driving the cryptocurrency to its current level.
The latest price surge underscores Bitcoin’s ability to recover and thrive during uncertain times. Investors remain optimistic about its future, especially with growing institutional interest and supportive policy signals from global leaders.
