Bitcoin price surges, fueled by a potential rally leading up to Trump's inauguration and a slight recovery in institutional demand.
Bitcoin price today is around $99,200 after recovering almost 5% in the previous week. A 10xResearch report suggests BTC could approach its all-time high (ATH) of $108,353 ahead of Trump ’s inauguration. Bitcoin’s institutional demand showed a slight recovery of a $255.2 million inflow last week after being skewed over the past three weeks.
The report explains that Bitcoin could have a positive start to the year, followed by a slight pullback leading into the US Consumer Price Index (CPI) data release on January 15. A favorable inflation print could reignite optimism, fueling a rally into Donald Trump’s Presidential inauguration on January 20. However, this momentum may wane, with the market likely retreating somewhat ahead of the FOMC meeting on January 29. Trading volumes have significantly declined, returning to levels before the US presidential election. Binance’s spot volume has dropped to $12 billion, down sharply from its peak of $65 billio
BITCOIN PRICE TRUMP INSTITUTIONAL DEMAND INVESTMENT
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