Bitcoin Pushes Toward $105,000 as Regulatory Optimism Builds
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Bitcoin continued its upward march Tuesday, briefly touching $105,000 before settling around $104,200 as market participants grew increasingly confident about regulatory tailwinds in the new year.
The cryptocurrency has now recovered fully from last week’s dip and is trading at levels not seen since the immediate post-election surge. Ethereum followed suit, rising above $4,000 for the first time in weeks.
Spot bitcoin ETFs recorded another day of robust inflows, exceeding $700 million according to early estimates. Institutional demand appears undeterred by short-term volatility.
Sources close to the Trump transition team indicated that discussions around crypto policy are advancing rapidly. A potential executive order promoting innovation and establishing clearer guidelines could come early in the administration.
“This isn’t just rhetoric anymore—concrete names are being vetted for key roles,” said a Washington insider familiar with the process.
Corporate adoption news added fuel. Tesla confirmed it has not sold any of its bitcoin holdings and is exploring acceptance for vehicle purchases in select markets. Other firms announced similar treasury strategies.
On-chain fundamentals remain constructive: exchange outflows persist, long-term holder conviction is high, and mining difficulty reached another record.
Analysts see limited near-term resistance until previous all-time highs near $108,000. “Momentum is strong, and seasonal factors typically favor upside into year-end,” noted one technical strategist.
Global developments also supported sentiment. Several countries announced progress on digital asset frameworks, while central bank digital currency pilots highlighted bitcoin’s contrasting scarcity.
Skeptics caution that rapid gains could invite profit-taking or external risk-off triggers. Yet the prevailing mood is one of cautious optimism.
For many in the industry, 2025 has marked bitcoin’s transition from speculative asset to recognized macro play. Continued policy clarity could cement that status in 2026.
