On January 21, Bitcoin rebounded, gaining 3.8% to hit an intra-day high of $107,240, as crypto and equity markets surged. The S&P 500, DOW, and QQQ all saw gains, reflecting optimism surrounding the Trump presidency despite his lack of reference to crypto on Inauguration Day. Bitcoin's rally followed anxiety from investors over an absent executive order for a strategic Bitcoin reserve. Analysts have expressed optimism about Trump's economic plans, contributing to upbeat market sentiment. The U.S. Securities and Exchange Commission took steps to reform crypto regulations, appointing crypto advocate Hester Peirce to lead a new task force, further bolstering market confidence. Comments from Bank of America CEO Brian Moynihan, indicating that banks could embrace crypto payments if regulations were clearer, added to the favorable outlook. As 2025 begins, commentators expect increased corporate and institutional demand for Bitcoin, positioning it as a key player in the evolving financial landscape.

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