As of January 16, 2025, Bitcoin (BTC) is trading at approximately $99,563, reflecting a 1.91% increase from the previous close.
Several factors have influenced Bitcoin's recent price movements:
1. Political Developments: The re-election of Donald Trump has introduced expectations of market volatility. Investors are closely monitoring potential policy changes, particularly those related to trade and tariffs, which could impact various asset classes, including cryptocurrencies.
2. Pro-Cryptocurrency Policies: President Trump's administration has signaled support for the cryptocurrency sector, p