Bitcoin kicked off 2025 with a bang, but a fresh set of factors needs time to congeal before BTC price can chase new highs.
Bitcoin (BTC ) had a strong start to 2025, gaining 13.5% in the first 30 days. This price movement reflected a complete turnaround in the United States government’s attitude, becoming more favorable for the sector. However, Bitcoin’s price has been capped at $105,000, leading traders to question the reasons behind the apparent stagnation.
S&P 500 futures (left) vs. Bitcoin/USD (right). Source: Tradingview / Cointelegraph
The conditions for a sustained Bitcoin bull run are present, but three factors are preventing a new all-time high. The Trump presidency in the US is increasing opportunities for banks and hedge funds to custody digital assets without affecting their balance sheets.
Read more,# Bitcoin Starts 2025 with a Sizzle!
## Key Points
– Bitcoin kicked off 2025 strong, grabbing a 13.5% gain in January.
– The U.S. government’s attitude toward crypto has gone from “meh” to “yay!”.
– Despite the good start, BTC seems stuck at $105,000, like a kid who can’t reach the cookie jar.
– Three pesky factors are keeping Bitcoin from breaking through to new highs.
– The Trump presidency offers banks and hedge funds a chance to play nice with digital assets.
### Hot Take
So, it seems that while Bitcoin’s off on the right foot, it’s got a few hiccups in the way of that elusive all-time high dance! Let’s hope these factors manage to congeal quicker than my last attempt at cooking. Who knows, maybe we’ll see BTC soaring again soon! Keep those fingers crossed and wallets ready! #Bitcoin #CryptoNews #ToTheMoon
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Original article: https://cointelegraph.com/news/bitcoin-rallies-above-106-k-but-3-key-actions-must-happen-for-new-all-time-highs?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
