Bitcoin reaches $100,000 once more as market momentum gains ahead of Trump's election certification.

Bitcoin regained its $100,000 value late Monday, ending a two-week low. This recovery followed the official confirmation by Congress of Donald Trump's presidential election victory, setting his inauguration for January 20th. On Monday, Vice President Kamala Harris, as Senate President, led the certification process for all 50 states and Washington D.C. By Tuesday 12:09 am ET, Bitcoin traded near $101,775, marking a 10% increase over the past week. The total crypto market capitalization reached its highest since December 19th, surpassing $3.7 trillion. Alex Kuptsikevich, FxPro's chief market analyst, predicts short-term growth turning into consolidation periods in the crypto market. He attributes this to extreme greed as indicated by a sentiment index of 76 and positive technical indicators signaling the end of correction. Bitcoin is expected to break its previous highs around $109,000 to confirm this outlook and gain further momentum post-$100,000 mark. Bitcoin first hit $100,000 on December 5th due to Trump's potential crypto-friendly policies. US Bitcoin and Ether spot ETFs recorded significant net inflows in early January, while China tightened forex rules to cover crypto transactions, classifying them as high-risk. Binance reported Bitcoin among top-performing global assets for 2024, second only to Nvidia, attributing its success to ETF approvals, Bitcoin Halving, monetary policy shifts, and anticipated favorable crypto regulations.