BCGAME - Free 5BTC Daily Bonus!The price of Bitcoin Today, 07/01/2025, there has been a notable increase in the last 24 hours, which has put the asset above the US$ 100 mark again. Yesterday, the asset surprised by starting an upward movement, reaching over US$ 102.
The recent rally comes amid the “Trump Trade,” which highlights the market’s excitement over Donald Trump’s return to the US presidency, which is set to take place in two weeks. This upcoming event may be driving Bitcoin’s price surge since last weekend.
Yesterday, Bitcoin traded as low as $98.723 before beginning its upward movement and peaking at $102.512, according to market data. However, the asset failed to sustain its upward movement and retraced to the current zone. At the time of publication, the price of Bitcoin was quoted at $100.702 with a rise of 1.4% in the last 24 hours, equivalent to approximately R$622,997.81 BRL and €97,816.76 EUR. In its weekly development, the asset's price showed a recovery of 7.6%.
In the same vein, following Bitcoin’s recent movement, most major cryptocurrencies are showing significant recoveries in their prices in the last 24 hours. Ethereum is trading at $3.636,39 with a 0.4% drop in its price. XRP is trading at $2,42 with a 1% increase. Cardano is priced at $1,13 after registering a 4.1% increase. Solana cryptocurrency is down 1% and is trading at $213,80.
Bitcoin Correlation
Analysts at the Santiment analytics platform observed, on January 6, that cryptocurrencies and stocks have been highly correlated with each other since Donald Trump was elected the 47th president of the United States in November.
“Today, however, we are starting to see Bitcoin rise ahead of the S&P 500 (relative to its normal fluctuations). For the better part of the past three years, we have seen the cryptocurrency take on more of a “high-leverage tech stock” reputation in the eyes of much of the community. However, there are signs heading into 2025 that BTC may break away from the normal fluctuations of the global stock market. Historically, crypto markets have thrived and seen their most prominent bull markets when there is little to no correlation to equities.”
According to experts, if Bitcoin and altcoins manage to thrive without relying on the S&P 500 in January, this move would be a strong signal that the chances of new all-time highs are likely in the market.
