#BTCReclaims101K Bitcoin has recently surpassed the milestone of 100,000 USD, reaching a peak of 101,000 USD, thanks to a series of positive factors. These include favorable inflation data in the US, expectations that the Federal Reserve (Fed) will lower interest rates, and supportive cryptocurrency sentiment from the political sphere, especially after Donald Trump was elected as President of the United States. Cryptocurrency-friendly policies and the appointment of leaders who support this sector have further bolstered investor confidence.
Experts predict that if Bitcoin breaks through a key resistance level, the price could rise to 120,000 USD or higher. The approval of Bitcoin ETF funds and the increasing interest from major financial institutions are also significant driving forces behind this price surge. However, traders are advised to exercise caution as the market remains highly volatile.
This milestone indicates that Bitcoin is maturing as an asset, reinforcing its role as a hedge against macroeconomic risks and a reliable store of value.