Bitcoin price surged past $109,000, reaching a new all-time high, driven by anticipation surrounding Donald Trump's inauguration and a significant inflow of capital into US Bitcoin spot ETFs. The rally was further fueled by President Trump's positive remarks about Bitcoin during his victory rally speech.
Bitcoin price surged to a new all-time high of $109,588 on Monday, fueled by anticipation surrounding Donald Trump 's inauguration and a significant influx of capital into US Bitcoin spot ETFs. The rally, which began the previous week with a 7.1% increase, was further bolstered by President Trump's celebratory victory rally speech on Sunday, where he highlighted Bitcoin 's record-breaking performance.
\Trump's upcoming presidency has sparked speculation about potential crypto-specific legislation and policy changes that could impact the broader financial markets, including Bitcoin. According to CoinGecko, Bitcoin's market capitalization surpassed $2.16 trillion following the price surge. \Adding to the bullish sentiment, Bitcoin's institutional demand shows signs of revival. Data from Coinglass reveals that Bitcoin spot ETFs recorded a substantial net inflow of $1.86 billion last week, a sixfold increase compared to the previous week. This surge in institutional interest is crucial for sustaining Bitcoin's upward momentum. \CryptoQuant's weekly report suggests that Bitcoin could reach a price target of $145K-$249K in 2025, driven by institutional capital flows, a favorable regulatory environment, accommodative monetary policy, and historical cyclical patterns. The report estimates that approximately $520 billion of fresh capital could enter Bitcoin in 2025. \Furthermore, the report highlights a potential multiplier effect, where every $1 of capital flowing into Bitcoin could increase its total market value by $2-$6. This projection, based on historical data and current market trends, paints a bullish outlook for Bitcoin's future price performance
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