Bitcoin Hits $102,000 Before Retreating to $101,000
Market Trends & Key Developments
Bitcoin, the world’s largest cryptocurrency, briefly surged to $102,000 on January 17 before retreating to $101,000, according to CoinMarketCap data. This milestone follows a period where BTC traded below $100,000 for most of January 16, 2025.
Bitcoin Market Dominance & Crypto Market Trends
Despite maintaining its position as the dominant cryptocurrency, Bitcoin’s market dominance stands at 56.36%, reflecting a 0.12% decline over the past 24 hours.
Meanwhile, the global cryptocurrency market capitalization has increased by 2.20% in the last day, reaching $3.57 trillion as of January 17. However, the total crypto market trading volume over the past 24 hours has slightly dipped by 0.02% to $157.63 billion, according to the latest data.
Trump’s Executive Order Sparks Crypto Surge?
Bitcoin’s price spike aligns with reports that U.S. President-elect Donald Trump is preparing to issue an executive order making cryptocurrency a “national policy priority.” According to a Bloomberg report, this potential policy shift could have significant implications for the crypto industry, further influencing Bitcoin’s trajectory.
As the market digests this development, investors are closely monitoring BTC’s price movements and broader cryptocurrency trends in the days ahead.
