Bitcoin Value Surges: Cryptocurrency Exceeds $100,000 Amidst Anticipation of Congressional Confirmation of Trump’s Election Win

Bitcoin surged past $100,000, marking its first ascent above this level in a fortnight, buoyed by a bolstering stock market which ignited an appetite for more speculative investments as the first full trading week of 2025 commenced.

The pioneer digital currency experienced an ascent of up to 4.1%, reaching a peak of $102,504 on Monday. By Sunday, it had secured a weekly uplift of 5.66%, the most significant rise since November 24, attributable to metrics gathered by Bloomberg.

The surge that defined Bitcoin’s performance in 2024 came to a halt towards the end of December, with traders locking in their profits. Earlier, anticipations of a crypto-friendly stance from Donald Trump’s administration fueled the currency’s climb to a record peak of $108,315.

“The anticipated super cycle of 2025, with regulatory changes by the Trump administration, is expected to be significant,” stated Khushboo Khullar, venture partner at Lightning Ventures, a firm investing in Bitcoin-centric enterprises.

The noticeable change in momentum arrived subsequent to investors injecting a considerable $908 million net into several US Bitcoin ETFs on Friday, signaling the fifth most substantial infusion for these instruments since they debuted in January 2024, correlating with Bloomberg’s collated data. Notably, these funds experienced a notable net outflow of $680 million on December 19.

The positive sentiment among Bitcoin traders is further supported by the recovery of the Bitcoin Coinbase Premium. This index measures the discrepancy in the cryptocurrency’s price between the foremost US exchange Coinbase Global Inc., and the international crypto exchange, Binance Holdings Ltd. The premium had dwindled to its nadir since the FTX implosion in 2022 at the onset of the year, but has since made a comeback, signifying heightened demand from US investors.

“ETF providers often transact and safeguard assets with Coinbase, leading to the premium or discount to sway in accordance with the ETF demand,” elucidated Joe McCann, the founder and CEO of the Miami-based crypto hedge fund Asymmetric.

Enterprise software company MicroStrategy Inc., widely recognized as a surrogate for Bitcoin holdings, has continued to extend its Bitcoin treasury. MicroStrategy divulged the acquisition of an additional $101 million in Bitcoin the previous week, its ninth week of persistent buying, per a filing with the US Securities and Exchange Commission on Monday. However, this sum denotes a substantial retracement from the hefty purchases exceeding $1 billion reported during November and December.

The trajectory of Bitcoin throughout 2025 is expected to be partly determined by the extent to which Trump’s administration realizes its commitments regarding cryptocurrencies, particularly the establishment of a national Bitcoin reserve. Despite current trends, skepticism remains concerning the sustainment of the rally. A January 6 MLIV Pulse survey soliciting opinions on which lucrative investments of 2024 might falter in 2025 reported that 39% of participants identified Bitcoin as the most likely to convert into a loser, attributing to it the largest portion of responses.