BTX Insights: Can Bitcoin Break $100,000 This Week?
Bitcoin Nears Record High, Market Anticipates Six-Figure Breakthrough
On Thursday, Bitcoin price rose as much as 3.6%, reaching a high of $99,200, approaching the $100,000 mark. Since Trump's victory in the US election on November 5, the total crypto market capitalization has surged by about $1 trillion, reflecting the market's strong optimism about the future policy environment.
Policy Boost: Proposal to Establish "Crypto Czar" Boosts Market
Trump's transition team is discussing the creation of the White House's first dedicated position for digital asset policy, which will be directly linked to the incoming president. As one of the "biggest cheerleaders" of the crypto world, Trump's changing attitude has injected tremendous confidence into the digital asset industry. Orbit Markets co-founder Caroline Mauron said, "The $100,000 psychological barrier is now within reach, and the market's expectations for a rapid rise in Bitcoin prices are heating up."
Institutional Support: ETFs and Corporate Purchases Drive Market Momentum
Since the US election day, 12 Bitcoin-focused ETFs have attracted $5.8 billion in net inflows, with total assets exceeding $100 billion. The success of these ETFs reflects institutional investors' recognition of Bitcoin as an asset class. Meanwhile, Bitcoin "whale" MicroStrategy announced that it will increase the sale of its convertible senior notes by nearly 50% to $2.6 billion to further purchase Bitcoin. The company has transformed into a Bitcoin asset management firm, with a digital asset reserve of approximately $31 billion.
Six-Figure Target Becomes Market Consensus
The market focus is shifting from "whether Bitcoin will break $100,000" to "when Bitcoin will break $100,000". Call option trading shows that a large amount of capital is betting that Bitcoin will break the six-figure mark before December 27. IG Australia analyst Tony Sycamore said: "Although the path forward may not be smooth sailing, the demand is indeed endless." This indicates that the market's confidence in Bitcoin remains high.
Regulatory Framework and Strategic Reserve Planning Emerge
Trump has vowed to establish a regulatory framework that supports cryptocurrencies and plans to create a strategic Bitcoin reserve. Although the specific timeline and feasibility of the reserve plan are still unclear, this commitment has injected anticipation and confidence into the market.
Bitcoin and the Crypto Industry Enter a New Chapter
From policy breakthroughs to institutional support, and then to market enthusiasm, Bitcoin is approaching the historic milestone of six-figure prices. This progress not only symbolizes the increasing maturity of the digital asset industry, but also foreshadows its more important role in the global financial market. The dual drive of policy and market will continue to propel the crypto industry into a new stage of development.
The above content is from public market information and is for reference only, and does not constitute any investment advice. The crypto asset market is high-risk, and investment requires caution.
About BTX
Visit the BTX website: https://www.btxweb.com/
Register now: https://btxweb.com/user/register
BTX official Telegram group: https://t.me/BTXExchangeOfficial
BTX official Twitter: https://x.com/btxexchange
Business cooperation: business@btxweb.com
Official customer service: support@btxweb.com
VIP service: vip@btxweb.com
