Bitcoin has once again broken through the $ 101,000 mark

On Friday, January 17, the price of bitcoin BTC $104,375.13 Bitcoin 3.60% Market capitalization $2.07 trillion VOL. 24 hours $4.02 billion reached a new high of $ 102,071. The growth of the market leader took place amid optimism about slowing inflation and the possible favorable attitude toward cryptocurrencies by the administration of the newly elected US President Donald Trump. This is the highest level since January 7, after which the value of BTC fell to about $ 90,000, The Block writes.

According to Presto Research analysts, the market was supported by lower-than-expected CPI (consumer price index) data, which fell to 3.2% in December from 3.3% in November. The news of Trump’s plans to make cryptocurrencies a «national priority» and create a strategic reserve focused on coins of American origin, such as USDC $1.00 zkSync Bridged USDC (zkSync) -0.07% Market capitalization $69.63 million VOL. 24 hours $1.6 billion , SOL $218.38 Solana 2.49% Market capitalization $106.26 billion VOL. 24 hours $0.95 billion and XRP $3.25 XRP -0.94% Market capitalization $186.83 billion VOL. 24 hours $1.75 billion , also had an impact.

Trump is considering signing an executive order to establish a cryptocurrency advisory council to strengthen the industry’s position in shaping public policy. «The appointment of crypto-friendly officials and the expectation of regulatory changes have further supported market growth,» said BTC Markets analyst Rachel Lucas.

Other major cryptocurrencies are also showing growth: XRP rose by 9% to $ 3.33, Solana (SOL) — by 4.5% to $ 212.12, while Ethereum ETH $3,472.00 Bridged Ether (StarkGate) 2.92% Market capitalization $0.32 billion VOL. 24 hours $1.77 billion decreased by 0.7% to $ 3,363. The overall GMCI 30 index, which tracks the 30 largest cryptocurrencies by capitalization, rose by 2.96%.

Despite the general optimism, experts remain cautious, focusing on macroeconomic indicators. «Any news about the possibility of creating a national bitcoin reserve is expected to cause significant market volatility,» said analyst Min Jun.