Bitcoin Continues to Rise on Trump Administration Expectations

BTC, Defended the $96,000 level recorded on the 2nd
Altcoins, recorded a higher increase rate than BTC in the morning
Galaxy Digital "BTC will break through $185,000 this year"

BTC continued to rise on the 3rd, buoyed by the expectations formed around the imminent inauguration of the Trump administration, which is just 2 weeks away.

BTC, which rose in the morning on the 2nd, rose again in the afternoon of the 2nd, breaking through the $96,000 level and maintaining the $96,000 level on the 3rd as well.

The reason for the rise in BTC is attributed to the expectation that the new administration of Trump, who has shown a 'pro-cryptocurrency' stance, will take office. In fact, many experts have begun to report that with the start of the new year, the SEC's stance will change with the inauguration of the Trump administration, and this will lead to significant growth in the cryptocurrency market.

In fact, due to the expectations of the Trump administration's inauguration, altcoins that were unable to rise significantly within the existing SEC regime rose more sharply than BTC on the 3rd.

Altcoins that rose in the morning of the 3rd entered a slight adjustment in the afternoon, maintaining a weak upward trend.

◇BTC = As of 4 pm on the 3rd, based on Upbit, the BTC price is 14,331 million won. BTC dominance was 57.56%.

According to the on-chain analysis platform Glassnode, the long (bullish) and short (bearish) betting ratio in the BTC futures market was 53.65% and 46.35%, respectively.

A forecast has been made that BTC will reach $185,000 by 2025. Cryptocurrency investment firm Galaxy Digital, in its report 'Cryptocurrency Forecast for 2025' released on the 3rd, predicted that as geopolitical changes and the need to diversify asset portfolios, major countries and major companies will choose BTC, causing a sharp rise in BTC prices.

Galaxy Digital said that due to the geopolitical factors surrounding BTC, the price of BTC in the first half of 2025 will exceed $150,000 and reach $185,000 in the fourth quarter. It also emphasized that with the sharp rise in the price per BTC, the total market capitalization of BTC will record about 20% of the total market capitalization of gold.

◇Rising Coins = As of 4 pm on the 3rd on Upbit, the cryptocurrency that recorded the largest increase compared to the previous trading day was Stratis (STRAX), which rose about 6%.

Stratis (STRAX) is a BTC-based cryptocurrency, a BaaS (Blockchain-as-a-Service) platform that allows companies to build customized blockchains without burden through the main Stratis blockchain and private chains.

Stratis provides hosting and consulting services for Dapps, and allows other major blockchain platforms such as Ethereum (ETH), Bitshares, and Lisk to be uploaded in a private manner.

◇Fear and Greed Index = The Cryptocurrency Fear and Greed Index provided by Alternative is 74 points, entering the 'Greed' stage. The Greed stage is a stage where price volatility and trading volume are high, and the price is rising. There is a high possibility of forming a short-term peak, so caution is required when selling.

The Cryptocurrency Relative Strength Index (RSI) provided by Glassnode is 57.6, recording a 'neutral' state. RSI is an indicator that represents the relative strength of the upward and downward pressure on the price of a specific asset, and indicates the degree of overbought and oversold of the asset.