The Bit price has recorded an impressive growth, setting a new all-time high of $109,500 in the early afternoon of January 20, 2025. This event occurred just one day before the new US President officially took office.
Previously, this leading cryptocurrency had reached a peak of $108,353 on December 17, 2024. After dropping to $99,550 at 8 am this morning, January 20, Bit quickly recovered and surged to a new record high of $109,500.
Not only Bit, but many other altcoins have also recorded strong growth. Ethereum (ETH) increased from $3,142 to $3,453, while Chainlink (LINK) recorded a 10% increase, reaching $26.6.
According to data, the number of addresses holding Bit has surged 9.87% in the past 7 days, reflecting the growing interest in this cryptocurrency. This is an important indicator showing that the market is active, with increasing trading demand from both individual and institutional investors.
The increase in the number of active addresses is also considered a measure of market confidence. If this trend continues, it could provide the necessary trading support to push the Bit price even higher.
In addition, another event that has contributed to the excitement in the crypto market is the launch of the meme coin TRUMP (OFFICIAL TRUMP). This coin has suddenly surged, exceeding a market capitalization of $11 billion, entering the top 20 cryptocurrencies.
With the current positive developments, many analysts, including Pentoshi and Eljaboom, predict that Bit will soon reach even higher levels. Eljaboom even believes that Bit is entering a "phase of confidence" in its price cycle and forecasts a target of $150,000 in this cycle.
In the early morning of January 21, the new President will deliver a speech after the inauguration, expected to emphasize key issues in his policies, including "making America great again" and the direction of economic and foreign policy development.
Trump's plan also includes ordering the US Immigration and Customs Enforcement (ICE) to conduct large-scale raids in major cities, deploying additional resources from the Pentagon to the southern border, imposing further restrictions on eligible immigrants to the US, and reversing Biden-era policies.
Trump will quickly issue executive orders related to immigration policy, energy, and federal government operations to address a host of priorities from his campaign.
Trump also promises to sign more than 200 executive orders on his first day in office, as well as remove "woke" ideologies from the military and build a missile defense system on US territory.
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