🔔 Bitcoin Traders Eye $109K as Trump Anticipation Builds, BTC ETFs Rake in Nearly $1B
Bitcoin (BTC) has regained momentum, surpassing $100,000, largely due to positive sentiment surrounding upcoming U.S. events, including Donald Trump's anticipated inauguration. In the past week, BTC rose 10%, recovering from a drop to nearly $92,000 in late December.
The surge coincided with nearly $1 billion in inflows into U.S.-listed spot Bitcoin exchange-traded funds (ETFs) on a single day, with Fidelity, BlackRock, and Ark Invest leading the way. Traders are optimistic, targeting a price of $109,000, citing a favorable technical correction and bullish market conditions.
Market volatility is expected to remain low until the U.S. Nonfarm Payrolls report is released, which could influence Bitcoin and broader market trends.
