Bitcoin prices have surged past the $100,000 mark for the first time as retail and institutional investors look to capitalize on a market rally spurred by Trump’s potential return to the White House.
The cryptocurrency peaked at $103,000 late on Wednesday night before stabilizing at $102,900. Investors are optimistic about the possibility of a more supportive regulatory environment for cryptocurrencies, which has contributed to significant price growth. Since election day, the price of a single bitcoin has increased by around 45%, with other digital assets also benefiting from this upward momentum.
The market is experiencing heightened enthusiasm from both retail and institutional investors. Retail demand in the last 30 days has reached its highest levels since 2020, as noted in a report by CryptoQuant.
BRN analyst Valentin Fournier highlights that institutional inflows into bitcoin and ethereum exchange-traded funds remain strong, reflecting increased confidence among institutional players. He points out that surpassing the $100,000 threshold represents a new phase in bitcoin price discovery, potentially leading to further short-term gains.
However, Fournier advises caution, as the Fear and Greed Index has risen above 80, indicating extreme greed. He warns that investors should be mindful of the potential for increased volatility and profit-taking in the coming days.