Key Takeaways:
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• Bitcoin reaches $99,871, posting largest weekly gain (5.66%) since November
• US Bitcoin ETFs saw $908 million net inflow on Friday, fifth-largest since launch
• Trump’s promised pro-crypto policies, including national Bitcoin stockpile, boost sentiment
• 39% of investors in MLIV Pulse survey view Bitcoin as potential underperformer in 2025
What Happened?
Bitcoin is approaching the $100,000 mark as Congress prepares to certify Donald Trump’s election victory. The cryptocurrency has regained momentum after a late December slowdown, with significant ETF inflows indicating renewed institutional interest. The Coinbase Premium, a key indicator of US investor demand, has rebounded from its lowest point since the 2022 FTX collapse, suggesting strengthening domestic market participation.
Why It Matters?
This rally reflects growing mainstream acceptance of cryptocurrency and potential policy shifts under the incoming Trump administration. The strong ETF inflows demonstrate institutional investors’ increasing comfort with Bitcoin as an asset class. The recovery in Coinbase Premium suggests US investors are leading this renewed push, potentially indicating more sustainable price support compared to previous rallies driven by international speculation. However, the contrast between current market optimism and survey respondents’ skepticism highlights the ongoing debate about Bitcoin’s long-term value proposition.
What’s Next?
Market attention will focus on Trump’s implementation of promised crypto-friendly policies, particularly the proposed national Bitcoin stockpile. Investors should monitor ETF flow trends, regulatory developments, and the Coinbase Premium as indicators of institutional and US retail participation. The sustainability of the rally may depend on concrete policy actions rather than just expectations. The significant skepticism revealed in the MLIV Pulse survey suggests potential volatility ahead, making risk management crucial for investors. Key price levels to watch include the previous all-time high of $108,315 and the psychological $100,000 barrier.
