$ 84,667.3
BTC
0.33 %
$ 1,578.63
ETH
-1.26 %
$ 0.6136
ADA
-0.85 %
$ 588.35
BNB
1.01 %
$ 133.97
SOL
0.64 %

Sujit Kumar
Jan 7, 2025

Bitcoin Breaks $100K Milestone as Pro-Crypto Sentiment Rises

Bitcoin Breaks $100K Milestone
Bitcoin reached a historic milestone in 2025, breaking past the critical $100,000 mark for the first time. This rally followed Bitcoin’s breakout from a $99.3K resistance level, supported by heightened optimism surrounding the upcoming inauguration of U.S. President-elect Donald Trump. His pro-Bitcoin stance and emphasis on digital asset adoption have fueled bullish momentum across the crypto industry.

Stablecoin Supply Increases on Centralized Exchanges

On-chain data from Coinglass reveals a notable rise in the supply of stablecoins on centralized exchanges (CEXes), signaling increasing purchasing power among traders, especially whales.

The supply of USDC on CEXes surged by nearly $1 billion, reaching $4.48 billion since December 26, 2024. Similarly, the supply of USDT-Ether jumped from $21 billion in November 2024 to over $38 billion. FDUSD deposits on Binance alone increased by $50 million in the past 24 hours, as noted by on-chain intelligence platform Sentiment.

These stablecoin inflows are seen as preparation for strategic investments, coinciding with Bitcoin’s dominance reversal after a two-year rising channel pattern.

Altcoins Prepare for Parabolic Rally

The TOTAL2 and TOTAL3 market caps of altcoins have been climbing, supported by gains from the victory of pro-crypto leaders in the United States. Leading altcoins like Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) are showing macro bullish trends, potentially signaling a parabolic rally in the near term.

With pro-crypto policies on the horizon and rising market confidence, Bitcoin and altcoins could be poised for substantial growth in 2025.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Bitcoin Breaks $100K Milestone as Pro-Crypto Sentiment Rises
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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