Bitcoin hit a new all-time high of $109,350 during Monday's trading, contrary to market trends. Currently trading at $107,422, its buying momentum continues to build.
With a bullish Balance of Power at 0.75, the demand for BTC is strong despite an overall market downturn. Spot inflows have surged to a 30-day high of $316 million, indicating increased interest.
Predictions suggest BTC could reach $110,000 if buying continues, with potential volatility due to Trump’s inauguration. CEO Tom Trowbridge believes US crypto policies may boost Bitcoin’s global importance and regulations.