Bitcoin Price Today: What’s Behind the $102K Breakout and Altcoin Bullish Trends?

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Furthermore, Bitcoin price broke out of a crucial resistance level of around $99.3k and rallied beyond $100k for the first time in 2025. With the upcoming inauguration of US President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President who has heavily emphasized the adoption of Bitcoin and digital assets, the entire crypto industry has signaled bullish sentiment in the near term.

According to on-chain data analysis from Coinglass, the overall supply of top-tier stablecoins – led by Tether USDT, Circle’s USDC, and FDUSD – has gradually increased in the recent past. For instance, the supply of USDC on CEXes has increased by nearly $1 billion from December 26, 2024, to $4.48 billion at the time of this writing.

Since November 5, 2024, the supply of USDT-Ether has surged from $21 billion to over $38 billion at the time of this writing.