Crypto Market Reports

Bitcoin Hits $104,700 as Trump’s Order Sparks Market Rally

By RT Staff Reporters · January 24, 2025 · 2 min read

Bitcoin surged to $104,700 on January 24, 2025, riding a wave of positive sentiment. President Trump’s executive order, signed the previous day, set the stage for this rally. The order aims to bolster America’s position in digital finance, creating a more crypto-friendly regulatory landscape.

Investors responded enthusiastically, pouring $188.7 million into Bitcoin ETFs. The iShares Bitcoin Trust led the pack with $154.6 million in inflows. This influx of institutional money underscores growing confidence in cryptocurrency as an asset class.

Regulatory changes added fuel to the fire. The SEC’s decision to rescind Staff Accounting Bulletin No. 121 now allows banks to offer crypto custody services. This move opens doors for wider institutional adoption of Bitcoin.

Bitcoin Hits $104,700 as Trump's Order Sparks Market Rally. (Photo Internet reproduction) — Bitcoin Hits $104,700 as Trump’s Order Sparks Market Rally. (Photo Internet reproduction)

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Market analysts point to a perfect storm of factors driving Bitcoin’s price. Institutional interest, supportive government policies, and technical indicators all play a role. The cryptocurrency’s price action shows signs of consolidation, with potential for further upside.

Bitcoin Hits $104,700 as Trump’s Order Sparks Market Rally

Technical factors play a role as Bitcoin tests key support and resistance levels. Bitcoin’s price action shows signs of consolidation. The daily timeframe reveals Bitcoin stuck between $100,000 and $109,356.

A breakout of a symmetrical triangle pattern occurred on the two-hour chart. This could lead to a potential upside rally. Immediate support levels sit at $104,067 and $103,054.

Trading volumes spiked, reaching $104.2 billion in 24 hours. This surge in activity reflects heightened interest from both retail and institutional investors. Despite the bullish trend, experts advise caution. They emphasize the need to monitor key support and resistance levels.

Analysts maintain a bullish outlook for Bitcoin. Some predictions suggest potential price targets above $126,605 in the coming weeks. However, traders should remain cautious. They need to monitor key support and resistance levels. Ongoing regulatory developments and institutional participation also require attention.

Live Market IntelligenceCrypto — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Crypto — Live Market Board

Digital assets
Jul 21, 2026 · 18:39

Bitcoin · benchmark

66,274
+1.60%

L 65,139day rangeH 66,891

-43.57% over 12 months

Market breadth · 17 names

76% advancing

13 ▲ advancing4 declining ▼

Currencies, rates & key inputs

Ethereum

1,924

+1.08%

Solana

78.01

+0.28%

Gold

4,082

+1.79%

USD / BRL

5.07

-0.34%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	66,274	+1.60%	-43.57%	65,230	66,891	65,139	29,534,613,504
ETH	1,924	+1.08%	-48.87%	1,904	1,945	1,901	12,638,223,360
SOL	78.01	+0.28%	-60.19%	77.79	78.68	77.61	1,603,308,928
XRP	1.15	+3.10%	-67.76%	1.11	1.16	1.11	1,507,237,376
BNB	573.23	+0.44%	-25.25%	570.73	579.09	570.66	1,111,596,160
ADA	0.17	+2.13%	-80.54%	0.17	0.18	0.17	423,081,152
DOGE	0.07	+1.72%	-72.99%	0.07	0.07	0.07	565,904,064
AVAX	6.56	-0.25%	-74.23%	6.58	6.68	6.55	236,765,440
LINK	8.62	+0.46%	-55.85%	8.58	8.74	8.57	252,161,776
DOT	0.85	+3.37%	-81.04%	0.83	0.87	0.83	99,573,592
LTC	46.93	-0.86%	-59.49%	47.34	47.99	46.87	216,747,712
BCH	224.22	+1.96%	-57.19%	219.90	226.46	219.72	106,902,704
TRX	0.33	+0.87%	+4.81%	0.33	0.33	0.33	429,496,800
XLM	0.19	+2.34%	-59.24%	0.19	0.20	0.19	170,411,744
HBAR	0.07	+4.55%	-74.30%	0.07	0.07	0.07	69,834,368
NEAR	1.93	-2.36%	-36.18%	1.98	2.06	1.92	224,342,752
ATOM	1.49	-0.60%	-71.40%	1.49	1.51	1.48	21,301,878
AAVE	95.22	+6.07%	-70.47%	89.77	96.32	89.73	232,215,424

Largest moves today

AAVE
95.22
+6.07%

HBAR
0.07
+4.55%

DOT
0.85
+3.37%

XRP
1.15
+3.10%

NEAR
1.93
-2.36%

XLM
0.19
+2.34%

ADA
0.17
+2.13%

BCH
224.22
+1.96%

The session read

The Bitcoin rose 1.60%, with breadth positive — 13 of 17 names higher. AAVE led, while NEAR lagged.

From The Rio Times

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Bitcoin Hits $104,700 as Trump’s Order Sparks Market Rally

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Bitcoin Hits $104,700 as Trump’s Order Sparks Market Rally

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