- Bitcoin reached a new record of $108,786 before settling around $105,000 following Trump’s inauguration.
- Cryptocurrency ETFs received $1.75 billion in new investments this week, with $802.6 million flowing in on Tuesday alone.
- President Trump pardoned Silk Road founder Ross Ulbricht, who may control Bitcoin wallets worth $47 million.
- The presidential executive order on digital assets sparked controversy by not specifically mentioning Bitcoin.
- MicroStrategy expanded its Bitcoin holdings to 461,000 coins while Standard Chartered predicts $200,000 price target.
Bitcoin Maintains $105,000 Level After Trump’s First Crypto Actions
Bitcoin’s price stabilized around $105,000 this week following President Trump’s inauguration and first cryptocurrency executive order, marking a 4% decline from Monday’s historic peak of $108,786. The digital currency’s strength persists despite mixed reactions to the administration’s initial policy moves.
Institutional Investment Surge
Cryptocurrency investment vehicles continue attracting substantial capital, with data from Farside Investors showing $1.75 billion in net inflows this week. The trend demonstrates growing institutional acceptance, as total assets under management for Bitcoin ETFs surpassed $121 billion, matching traditional Gold ETFs.
BlackRock CEO Larry Fink provided an ambitious outlook, suggesting Bitcoin could reach $700,000 as adoption increases. Meanwhile, Standard Chartered analysts projected a more conservative $200,000 target for year-end 2025, citing pension fund participation as a primary driver.
Presidential Pardons and Policy
President Trump’s pardon of Ross Ulbricht, founder of the Bitcoin-based marketplace Silk Road, marked a significant moment for cryptocurrency advocates. Ulbricht, imprisoned since 2013, potentially controls Bitcoin wallets containing approximately $47 million worth of the digital currency.
The administration’s first cryptocurrency executive order generated mixed reactions by referring broadly to “digital assets” rather than specifically to Bitcoin. The order outlined plans for evaluating a national digital asset stockpile, potentially utilizing cryptocurrencies seized through law enforcement operations.
Corporate Bitcoin Strategy
MicroStrategy strengthened its position as the largest corporate Bitcoin holder, expanding its holdings to 461,000 coins valued at over $48 billion. Shareholders approved a 30-fold increase in authorized Class A common shares, supporting the company’s continued cryptocurrency acquisition strategy. The company also announced plans to redeem more than $1 billion in existing debt accumulated during previous Bitcoin purchases.
Coinbase CEO Brian Armstrong expressed long-term optimism, predicting Bitcoin prices could reach “multiple millions” per coin, though without specifying a timeline. This forecast aligns with growing institutional adoption trends and increasing mainstream financial integration of cryptocurrencies.
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