Bitcoin surpassed its price of $100,000 for the first time this year, as strong winds continue to stimulate trader sentiment after last year's historic rally.

At the time of writing this report, it was Bitcoin price It reached a high of $101,192 before pulling back slightly, according to CoinGecko. It is still far from its all-time high of $108,135.

Sunday's move comes after a period of nearly three weeks in which the world's largest digital assets traded below the psychological level, after falling 5.6% in a single day on December 18.

While cryptocurrencies and broader stocks dither When the Fed announced its revised forecast for future interest rate cuts in late December, the mood remained upbeat, with some of the most popular digital assets of the past year Shooting to recover.

However, the cryptocurrency trading environment remains “mixed” following the FOMC meeting in December and the subsequent holiday season, according to digital asset investment research firm 10x Research.

"Instead of constantly gathering, Bitcoin“It appears to be navigating a tactical trading range, offering strategic positioning opportunities rather than straight upside,” the company wrote in a note to investors on Sunday.

President-elect Donald Trump's plan to implement the US Strategic Bitcoin Reserve after his inauguration on January 20 continues to weigh on investors' minds.

The proposal involves the US government retaining its existing bitcoin holdings — approximately 210,000 bitcoins worth about $21 billion, obtained primarily through criminal seizures — and possibly acquiring more.

It is in line with the Bitcoin Act of 2024, proposed by Senator Cynthia Lummis, which calls for the US Treasury and the Federal Reserve to acquire 1 million bitcoins over five years, about 5% of the global supply.

It remains to be seen whether Trump can fulfill his promise once he returns to the White House this month. Still experts Decryption She previously spoke out to say that the mere possibility raised by a future president would continue to bolster expectations for the first half of the year.

Modified by Stacey Elliott.