Bitcoin bulls charge back as Trump, economy optimism send price near $100,000

Optimism seized the cryptocurrency marketplace today.

Bitcoin jumped 4% to $99,800 connected Wednesday aft Trump’s caller SEC enactment is getting acceptable to trigger a crypto overhaul, Reuters reported. The broader cryptocurrency marketplace grew 3% to a $3.6 trillion marketplace valuation.

The newly-elected President has nominated crypto state Paul Atkins to pb the agency. Pro-crypto SEC commissioners Hester Peirce and Mark Uyeda are reportedly looking to clarify regulations regarding integer assets, portion besides reviewing immoderate crypto tribunal cases.

One cryptocurrency that stands to triumph big from a pro-crypto SEC is Ripple’s XRP. It is up 30% this period arsenic traders stake it could flip Ethereum.

But Trump isn’t the lone driver.

Cooling inflation

Price increases slowed down successful December.

US ostentation cooled down to its lowest level successful 1 year, rekindling optimism that the Federal Reserve mightiness chopped involvement rates earlier than expected.

Jerome Powell had hinted astatine a hawkish 2025 — which enactment a damper connected crypto’s terms rally successful precocious December.

That mightiness change. Lower involvement rates typically substance crypto rallies. They marque borrowing cheaper, and promote investors to spot their wealth successful riskier assets — similar Bitcoin — successful hunt of higher returns.

Some analysts temper the expectations, however.

“For the Fed, this is surely not capable to punctual a January cut,” said Seema Shah, main planetary strategist astatine Principal Asset Management to Bloomberg.

Shah isn’t unsocial successful her assessment.

“Inflation information coming successful enactment should not beryllium capable for the marketplace to commencement anticipating a larger fig of complaint cuts for 2025,” said Rajeev Sharma of Key Wealth.

Banks station records

Banks are besides bullish for crypto.

JPMorgan, the largest slope successful the US, posted grounds profits successful the past 4th of 2025. The slope notched a 50% spike successful nett to $14 billion.

However, analysts astatine JPMorgan aren’t entirely definite however well the cryptocurrency manufacture volition bash successful 2025.

In a January 13 enactment to investors, the analysts said they spot little involvement for caller cryptocurrency exchange-traded funds beyond Bitcoin and Ethereum — contempt bullishness surrounding the Trump administration.

Pedro Solimano is simply a Markets Correspondent astatine DL News. Got a tip? Email him astatine [email protected].