Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
BTCC / BTCC Square / WatcherWGuru /
Will Bitcoin (BTC) Hit $110K Before Donald Trump Takes Office?

Will Bitcoin (BTC) Hit $110K Before Donald Trump Takes Office?

WatcherWGuru
Author:
WatcherWGuru
Release Time:
2025-01-17 18:30:00
0

The cryptocurrency market has been increasingly volatile over the past week. The world’s largest cryptocurrency Bitcoin (BTC), recorded a notable spike in its price. The king coin had been lingering below the coveted $100,000 zone for a while now. But as we inch closer to Donald Trump’s inauguration day, the asset managed to surge. This led to the community widening their expectations and looking forward to BTC recording a new peak before Trump takes office.

Looking Into Bitcoin’s Weekly Spike

bitcoin us flag

Source: Watcher Guru

Throughout the past week, Bitcoin recorded a nearly 8% rise. The asset went from trading at a low of $92,371 all the way to a high of nearly $102,000. At the time of writing, BTC was priced at $101,780.09, with a 2.10% spike over the last 24 hours.

Bitcoin is currently trading 6.39% below its all-time high of $108,268.45. This peak was achieved back in December exactly a month ago. The community believes that BTC could benefit from Donald Trump’s inauguration and record a new high before the event.

Source: CoinMarketCap

Price Prediction

On Monday, January 20, Donald Trump will take the oath of office as the 47th president of the United States. Fireworks will officially begin the swearing-in ceremonies on Saturday, January 18. In addition, the four-day itinerary will feature a Make America Great Again (MAGA) victory rally on Monday’s eve of the oath-taking, as well as three VIP events at Trump’s golf property outside of Washington, DC.

According to data from CoinCodex, BTC certainly has the potential to surge to the coveted $110,000 mark, but it might have to wait longer. The firm revealed that the highest price level that Bitcoin will trade at is $107,161 on the day of the inauguration. Therefore, the chances of BTC rising to $110,000 before Trump takes oath were diminished. Nevertheless, CoinCodex revealed that the asset could rise to $128,399 later this month.

Source: CoinCodex

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

Related Articles

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GET IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved