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## Bitcoin Optimism Returns, Targeting $100,000, Fueled by Trump’s Positive Financial Statements
* Bitcoin value increased by 4% today, hitting $99,800.
* Sources indicate major shifts are coming to the SEC under Trump, a promising signal for digital currencies.
* US inflation has decreased to its lowest point in a year.
Currently, the entire digital currency market is brimming with hope.
According to Reuters, Bitcoin rose 4% to $99,800 on Wednesday, boosted by reports that President-elect Trump’s choice, crypto supporter Paul Atkins, is poised to head the SEC and begin digital currency changes. The wider crypto market also increased by 3%, reaching a total market value of $3.6 trillion.
The President-elect has selected digital currency advocate Paul Atkins to manage the agency. Crypto-supportive SEC Commissioners Hester Peirce and Mark Uyeda are reportedly aiming to clarify rules regarding digital assets while examining multiple digital currency legal cases.
Ripple’s XRP is predicted to gain from a crypto-supportive SEC. Investors are wagering that XRP could exceed Ethereum, with XRP already rising 30% this month.
However, Trump isn’t the sole influencing element.
## Inflation Decreases
Price increases slowed in December.
US inflation has dropped to its lowest level in the last year, reigniting hope that the Federal Reserve might decrease interest rates earlier than anticipated. Will Ripple Achieve a Fresh Summit? SEC Court Case Concludes, IntelMarkets Could Stir the Arena
Jerome Powell had previously suggested a hawkish approach in 2025, dampening rising digital currency prices in late December.
This scenario may evolve. Lower interest rates generally increase digital currency prices because they lower borrowing expenses and encourage investors to allocate funds into riskier assets like Bitcoin in pursuit of greater profits.
Nevertheless, some experts are reducing forecasts.
Principal Global Investors’ Chief Global Strategist Seema Shah informed Bloomberg, “This is definitely not sufficient for the Fed to decrease rates in January.”
Shah is not alone in maintaining this perspective.
Rajeev Sharma from Key Wealth mentioned that the inflation figures corresponded with forecasts, but this isn’t adequate for the trading floor to begin foreseeing more noteworthy interest rate decreases in 2025.
## Banks Achieve Fresh Peaks
Banks are additionally optimistic regarding digital currency.
JPMorgan Chase, the biggest bank in the United States, attained unsurpassed earnings in Q4 2025. The bank’s revenues increased by 50%, hitting $14 billion.
Nevertheless, JPMorgan Chase market analysts aren’t completely convinced concerning how the crypto sector will function in 2025.
In a statement to stakeholders on January 13, experts expressed that they don’t observe considerable curiosity in novel digital currency exchange-traded funds apart from Bitcoin and Ethereum—in spite of the excitement encircling the Trump government.
*Pedro Solimano serves as a market journalist for DL News. Possess a suggestion? Contact him via email at [email protected].*
