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Confirmation of Trump victory triggers US Bitcoin rally
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One month after reaching the US$100,000 mark, Bitcoin approaches the mark again. The cryptocurrency, which spent the last days of December in decline, began the year 2025 in recovery.
In the early morning, the Bitcoin reached US$99,706.82, highest value since December 19thwith the rally initiated by investors from the United States. Among the reasons for this new rally is the expectation surrounding the President Donald Trump’s diplomascheduled for this Monday (6).
After confirming the Donald Trump’s victory in the US elections, Bitcoin experienced one of its biggest rises in historygoing from US$70 thousand to US$100 thousand in 30 days. The rally continued for a few more days in early December, amid Donald Trump’s announcements of appointments to the SEC, the regulatory body for the cryptocurrency market in the United States.
After the euphoria of the elections, the price of cryptocurrency began to fall and reached US$93,000 on Christmas Eve. The fall of Bitcoin was related to profit-taking by investors. Because of this, analysts began to defend the idea that Bitcoin would undergo a correction, and could return to around US$70,000, before starting a new rally.
Bitcoin market with an eye on Capitol Hill
However, anticipation surrounding the certification of Trump’s presidency generated optimism among investors who may have anticipated the rally. Last Friday, the 4th, investment funds contributed around US$ 908 million in Bitcoin.
This volume, which represents the difference between the amount of Bitcoin bought and sold on the day by the funds, is the fifth highest recorded since they were launched early last year. Furthermore, it is the highest entry volume since Novemberamid the rally that began with the election of Donald Trump.
It also draws attention to the fact that, in addition to funds, investors are looking for positions in Bitcoin. According to data from Bloomberg magazine, the Bitcoin’s Coinbase Premium, a metric that calculates the difference between the token’s price on Coinbase and Binance Holdings, has returned to zero.
This occurred after the premium experienced a drop at the beginning of the year that brought it closer to the level reached at the end of 2022, when FTX went bankrupt.
The certification of presidential victory in the United States is a procedure carried out by Congress, which occurs every four years.
During this joint session, lawmakers open each state’s sealed certificates, which contain the Electoral College votes. The results are then read aloud, culminating in the Senate president formally declaring the winner.
Confirmation of Trump victory triggers US Bitcoin rally
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Confirmation of Trump victory triggers US Bitcoin rally
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Confirmation of Trump victory triggers US Bitcoin rally
