Bitcoin price rose to reclaim the $100,000 level on January 15, as the leading digital asset emerged from a turbulent start to the year.

After experiencing downward pressure near the $90,000 area last week, Bitcoin (Bitcoin) The price rose steadily to recover above the six-figure mark.

While another correction is still possible, market sentiment remains optimistic about the potential impact of Donald Trump's inauguration and what the beginning of his presidency may mean for cryptocurrencies.

Santiment cross-chain market intelligence and analytics platform He pointed out to the broader macroeconomic landscape as a major factor behind the upward pressure we have seen over the past 24 hours. Analysts at the company highlighted the bullish US-themed news as a major catalyst for Bitcoin's recent gains.

Positive headlines helped Bitcoin rebound more than 4% to reclaim $100,000. Altcoins also rose, led by XRP, Stellar, and Algorand, along with the major cryptocurrency.

According to Santiment, one of the bullish drivers relates to the incoming Trump administration's plans to drop non-fraud-related cryptocurrency cases and adopt a more accommodating regulatory stance toward digital assets. The platform noted:

“US inflation reports show slowing inflation and more optimism about further interest rate cuts from the Fed, which should favor crypto growth immediately. Although a hawkish Federal Open Market Committee meeting last month contributed to the coin’s rise However, traders are hoping that this will slightly change their decisions about slowing interest rate cuts in 2025.

Bitcoin is trading at around $100,675 at the time of writing, up 4.14% in 24 hours. Benchmark cryptocurrency assets have risen more than 7% over the past week.

The gains mean that the bulls came within 7.3% of the all-time high above $108,000 that BTC reached on December 17, 2024.