Bitcoin Ready to Hit New High as Trump’s Inauguration Draws Near, Traders Anticipate 10% Movements for Major Coins

As the crypto market continues to ride the waves of uncertainty surrounding regulatory shifts, attention is focusing on the major influence of U.S. policies, with traders keeping a keen eye on President-elect Donald Trump’s upcoming inauguration. The pro-crypto stance that Trump has promised could be the catalyst for bitcoin’s price surge.

Bitcoin (BTC), which has already surged nearly 11% from the depths of $90,000 earlier in the week, topped $100,000 for the first time in recent days. Analysts are pointing to a potential new all-time high as bitcoin continues its upward trajectory.

“Bitcoin’s rally comes after softer-than-expected inflation data, reducing market fears over potential Fed rate hikes,” said Matt Mena, a strategist at 21Shares. “We’re seeing clear momentum for a price breakout as the market anticipates a shift in policies under President Trump, which could be hugely beneficial for digital assets.”

The news of a potential strategic Bitcoin Reserve under Trump’s leadership continues to fuel bullish sentiment in the market. Many expect that the new administration could accelerate crypto-friendly regulations, furthering institutional adoption.

Meanwhile, market participants are also watching the broader economic indicators, with traditional assets like the Nasdaq 100 showing strong gains. The increased correlation between bitcoin and traditional financial markets has added a layer of optimism.

With Trump’s promises to create a more favorable environment for crypto, analysts are predicting a sustained rally into 2025, possibly breaking above the $108,000 barrier. However, volatility remains, and the market may face sudden swings depending on the regulatory landscape and any official announcements made after Trump’s inauguration.

While some analysts foresee further bullish movement, others caution that unexpected developments could lead to significant corrections in the market.