Bitcoin (Bitcoin) reached its strongest price in terms of value in terms of US dollars in 2025 on Friday and set a new record high against the British pound as excitement grows for a new era of crypto-friendly US government ahead of Donald Trump’s inauguration next week.
Bitcoin topped $105,000 during the US session, rising 5.2% over the past 24 hours and leading the broadly based cryptocurrency benchmark CoinDesk 20 Index higher. Out of 20 CoinDesk members, only closeAnd Litecoin ltc It kept pace with Bitcoin’s gains, while Solana (SOL) and Ethereum (Ethereum) lagging behind progress by 3%. XRP It recorded a decline of 4%, retreating from its record highs after a Huge market leading march Earlier this week.
Cryptocurrency-related stocks are also moving higher. MicroStrategy (MSTR), the largest Bitcoin holder, rose 7% on the day, while giant Coinbase (COIN) advanced 4.5%. MARA Holdings led gains among major bitcoin miners, up 13%.
It’s quite a turnaround from earlier in the week, when a broad market sell-off sent Bitcoin below $90,000, with fear of a deeper decline growing. However, Bitcoin initially rose 17% due to investor anxiety during the day on Wednesday US Consumer Price Index Inflation Report Passed and then the focus shifted to Speculation About possible cryptocurrency actions that Donald Trump may take after his inauguration on January 20.
Alex Thorne, head of research at Galaxy, said that Bitcoin surpassed last week’s local high of $102,000, and also broke out of its multi-week downtrend from the highs and lows to target its record price in December.
“Now the $108,000 level represents a near-term target resistance,” he said in a statement. Share X. “There are a lot of reasons to be optimistic.”
Spot bitcoin ETFs collectively saw net inflows of $1.381 billion in the past two days, reversing a four-day streak of outflows, according to… Farside investor data. Ethereum ETFs attracted $166 million in inflows, their strongest day in over a month.
With markets closed on Monday, today is the last trading session in traditional markets before Trump’s inauguration.
BlackRock’s Ishares Bitcoin Trust ETF (IBIT) recorded nearly $1 billion in trading volume during the first hour of the session, recording the fourth-largest volume among all U.S. ETFs and outpacing Vanguard’s S&P 500 ETF (VOO) with nearly a dozen times assets under management, per Chart data.
The most important upcoming catalyst will be Trump’s inauguration on Monday, and cryptocurrency investors are anticipating a radical change from the new president. Trump promised during his campaign to position the United States as a leader in cryptocurrencies, including creating a national stockpile of bitcoin, in stark contrast to the regulatory and enforcement crackdowns of years past.
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