As of January 6, 2025, the cryptocurrency market is experiencing a bullish trend. Bitcoin (BTC) has recently surpassed the $100,000 milestone, trading at approximately $98,932, reflecting a 0.77% increase from the previous close. Ethereum (ETH) is also showing positive movement, currently priced at $3,665.76, up 0.78%.
This upward momentum is attributed to several factors, including favorable regulatory developments and increased institutional interest. President-elect Donald Trump has expressed intentions to make the U.S. the "crypto capital of the planet," which has bolstered market optimism