Bitcoin plunged below the $100K mark ahead of Christmas, but after two-plus weeks stuck in the five-figure range, the leading cryptocurrency is once more trading above that milestone price.
The price of Bitcoin jumped above $100,000 on Monday morning after coming close over the weekend, and continued to rise above $102,000, where it remains.
The spike came both amid lingering optimism over the “Trump trade” as the President-elect’s win was certified Monday, but also a weakening U.S. dollar following a report that Trump’s planned tariffs might not be as severe as originally expected. (Trump denied the report, for what it’s worth.)
Bitcoin ETFs have already added more than $500 million worth of the asset in the new year, plus MicroStrategy bought another $101 million in BTC in its ninth straight weekly purchase. Are the bullish vibes back? At least for today, yes.
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