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coinpedia 2025-01-16 08:05:45

Bitcoin Price Today: What’s Driving the $100K Rebound and Market Growth?

The post Bitcoin Price Today: What’s Driving the $100K Rebound and Market Growth? appeared first on Coinpedia Fintech News Yesterday, Bitcoin reentered the $100K range, recording a sharp single-day growth of 4.06%. Since the start of 2025, the Bitcoin market has seen a growth of 6.65%. With a growth of 2.9%, in the last 24 hours, the market has outperformed the overall crypto sector. What are the prime factors that have supported the market to achieve this growth? Let’s discuss the factors deeply. Ready? Bitcoin’s $100K Rebound Sparks Hope It was on December 5, 2024, that the BTC market achieved the milestone of $100K. On December 17, the market reached an all-time-high of $108,369.05 . On the last day of 2024, the market was at $93,552.66 – nearly 13.67% below the ATH. In the first six days of 2025, the market witnessed a sharp growth of 9.30%, pushing the price once again above the $100K range. However, between January 7 and 9, the market experienced a correction of 9.4%. Even though the market has not yet completely recovered from the correction, between January 14 and 15, it recorded an impressive growth of 6.30%. It was that sharp upward momentum which helped the market to rebound to the $100K level. Right now, the BTC price stands at $99,784.47. Key Factors Influencing the Market Trump’s Inauguration and SEC Policies Donald Trump, who promised to bring policies to support the growth of the crypto sector, will take oath as the president of the United States of America on January 20, 2025. Crypto enthusiasts strongly believe that he will introduce several regulatory changes to create a conducive environment for the futuristic industry. US Federal Reserve’s Stance In December, the US core inflation rate dropped from 3.3% to 3.2%. During the previous FOMC meeting , the authority expressed a hawkish stance on the matter of interest rates. The data is expected to encourage the US Fed to rethink its stance on interest rates. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Why Crypto Market is Up Today? XRP, Bitcoin, and Institutional Interest Driving the Surge? , Israel-Hamas Ceasefire In a press release released on January 15 from the office of US President joe biden joe biden Joe Biden President it was revealed that Israel and Hamas had reached a ceasefire and hostage agreement. The agreement is expected to reinstate peace in the Middle East region, which has witnessed one of the most disastrous conflicts in modern history. BTC On-Chain Metrics Reflects Positive Trends Reports say that the Bitcoin market has witnessed a sharp rise in the number of wallets holding 10+ BTC. What this indicates is strong confidence among BTC whales. Reports add that the market has also experienced a fall in the number of small wallets. However, experts say that shrinking aligns with historical patterns of market rallies. In conclusion, Bitcoin’s rise above $100K marks a promising start to January, with macro events and on-chain signals aligning positively. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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updateSubscriptionButton(); } } }); FAQs How much will $1 Bitcoin be worth in 2030? In 2030, the price of 1 Bitcoin could reach a height of $610,646. What will Bitcoin be in 10 years? Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars. How much will the Bitcoin price be in 2050? By 2050, a single BTC price could go as high as $12,436,545.

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