empty
20.01.2025 03:55 PM
BTC/USD: Defying Records — Bitcoin Hits a New All-Time High Ahead of Trump's Inauguration

After a brief pullback, Bitcoin has reached a new all-time high. The sharp surge in BTC is primarily attributed to the "Trump factor," as Donald Trump assumes office as the U.S. President today.On January 19, Melania Trump, following her husband's lead, launched her own cryptocurrency—a meme coin named $MELANIA. The market reacted strongly to the news, causing $TRUMP (Trump's cryptocurrency) to crash by over 60%, and Bitcoin briefly declined below $100,000. However, this was a momentary reaction. Both TRUMP/USD and BTC/USD have since rebounded, with Bitcoin climbing sharply above the $100,000 target. Within less than an hour, BTC surged from $102,000 to $109,200, setting a new all-time high. The Fear and Greed Index also spiked, reaching 77 points, signaling "extreme greed" among market participants.

This image is no longer relevant

The rally in Bitcoin is largely driven by optimism surrounding Trump's presidency. During his campaign, Trump was the first presidential candidate to openly support the development of digital assets. Market participants are betting that the White House will implement crypto-friendly policies, with no indications so far to the contrary. It appears likely that Trump's administration will adopt a more favorable approach toward crypto assets.

Signals of Support for Crypto Under Trump

The launch of $TRUMP and $MELANIA just before Trump's inauguration as the 47th President of the United States sends a strong signal about his administration's commitment to simplifying crypto regulations.

In December 2024, Trump nominated Paul Atkins as the Chair of the Securities and Exchange Commission (SEC). Atkins is well-known for his pro-crypto stance, and his appointment could significantly reshape the regulatory landscape for digital currencies. According to a prominent investment firm leader, "With Atkins in charge, the regulatory winds will favor crypto companies."

Atkins has previously advocated reducing regulatory pressure on the crypto market, opposed excessive litigation against crypto firms, and supported the creation of a global regulatory framework for blockchain technology. Market participants expect him to dismiss several lawsuits the SEC has filed against crypto firms, reduce regulatory oversight of the industry, and support the development of new digital asset products. His leadership is seen as a pivotal moment for the crypto industry.

Legislative Momentum for Crypto

The market is also optimistic about the passage of critical legislation, including a long-awaited stablecoin bill. While the bill progressed through the relevant House Committee last year (thanks to a Republican majority), it stalled over a provision allowing states to approve stablecoin issuance without Federal Reserve oversight.

This year's Congress is expected to be more crypto-friendly, with Rep. French Hill, known for his pro-digital asset initiatives, set to lead the House Financial Services Committee.

Inauguration Day Expectations

The 47th President of the United States is expected to clarify his priorities and reaffirm his commitment to the crypto industry. Reports indicate he plans to sign approximately 100 executive orders within hours of assuming office, including one designating the crypto industry as a national policy priority.

Implications for BTC/USD

The bullish trend in BTC/USD is likely to persist, driven by early policy announcements, appointments, and comments from the new administration. The much-anticipated "era of change" for the U.S. crypto market seems to have arrived.

Key targets for BTC/USD's upward movement are $109,500 and $111,000 (the upper boundary of the Bollinger Bands indicator on the weekly timeframe).

Irina Manzenko,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Irina Manzenko
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on July 18

Bitcoin returned to the $121,000 mark today, but failed to hold above it. Ethereum broke through the $3,600 level. In addition to the fact that all necessary cryptocurrency-related bills passed

Miroslaw Bawulski 08:42 2025-07-18 UTC+2

Solana has the potential to continue its rally to the next resistance level on Friday, July 18, 2025.

Solana – Friday, July 18, 2025. With a Golden Cross condition between the EMA (50) and the EMA (200) as well as the RSI (14) in the neutral-bullish area, there

Arief Makmur 07:02 2025-07-18 UTC+2

Bitcoin Forecast for July 18, 2025

Yesterday, Bitcoin tested the support level of 117,730 with a long lower shadow on the daily candle and closed the day above the inner line of the green price channel

Laurie Bailey 04:46 2025-07-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 17

Bitcoin attempted several times yesterday to break above the 120,000 level but failed to succeed. Ethereum, on the other hand, completed its task and easily jumped from 3,100 to 3,300

Miroslaw Bawulski 09:05 2025-07-17 UTC+2

Some market makers fix profits

Meanwhile, as Bitcoin rebounded to the $119,000 level, some major players in the cryptocurrency market were quick to take profits after recent large price movements. Investment firm Ark Invest

Jakub Novak 13:22 2025-07-16 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 16

Yesterday, Bitcoin experienced a modest correction but overall remained above the $117,000 mark, clearly indicating that its bullish prospects remain intact — it just needs a catalyst. Ethereum climbed back

Miroslaw Bawulski 09:51 2025-07-16 UTC+2

Bitcoin in limbo

Bitcoin buyers appear to be somewhat confused, as the FOMO currently dominating the market could backfire on those trying to jump on the "last train", — which, in reality

Jakub Novak 15:34 2025-07-15 UTC+2

Crypto week

While Bitcoin and Ethereum are undergoing a correction and doing so rather effectively, lawmakers and cryptocurrency advocates in the United States are preparing for one of the most important weeks

Jakub Novak 11:19 2025-07-15 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 15

Bitcoin has dropped from its all-time high of $123,000 and is currently trading at $117,000, which only increases its appeal. Ethereum has also fallen back below the 3,000-dollar level, after

Miroslaw Bawulski 09:31 2025-07-15 UTC+2

Bitcoin outpaces Amazon in terms of market cap

Bitcoin has reached a new all-time high near $122,000, surpassing Amazon in market capitalization. This event is undoubtedly a landmark moment in the history of cryptocurrencies and traditional finance

Jakub Novak 10:52 2025-07-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.