Bitcoin shattered another record Friday, surging past $102,000 as markets ride high on Trump’s imminent return to the White House and Wall Street’s latest inflation read.
The rally gained steam after Wednesday’s inflation numbers painted a surprisingly rosy picture for the U.S. economy. While headline inflation inched up to 2.9% from November’s 2.7%, it was the core inflation figure – stripping out volatile food and energy prices – that caught traders’ attention, coming in softer than expected at 3.2%.
“The market’s got a spring in its step,” says Edul Patel, who heads crypto platform Mudrex. “With Trump potentially making crypto a national priority, we’re seeing Bitcoin push well past $101,000.”
Early Friday trading saw Bitcoin touch $102,037 before settling at $101,364, marking a 2% gain. Meanwhile, Ethereum took a slight breather, easing 0.2% to $3,359.
The rally isn’t just about Bitcoin. Smaller cryptocurrencies are joining the party, with XRP jumping 8.5%, Solana climbing 4.5%, and even the meme-favorite Dogecoin adding 2.5%. Some lesser-known tokens saw even bigger moves – Chainlink surged 11%, while both Hedera and Litecoin soared an impressive 17%.
BuyUcoin’s CEO Shivam Thakral sees Trump’s anticipated crypto-friendly stance as a game-changer: “There’s serious talk about an executive order putting cryptocurrency at the forefront of U.S. policy. That’s getting everyone excited.”
“We’re witnessing more than just price movement,” adds Avinash Shekhar of Pi42. “This $100,000 milestone shows a perfect storm of cooling inflation, institutional buy-in, and renewed confidence in crypto’s future.”
For traders keeping score, the next big test for Bitcoin sits at $102,700, with $98,100 serving as a safety net. Meanwhile, Litecoin edges closer to its own milestone with potential SEC approval for a spot ETF on the horizon, as XRP eyes new historic highs.
The market’s response suggests a growing belief that crypto’s move into the mainstream might accelerate under Trump’s second term, potentially reshaping America’s digital asset landscape.
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