{"id":7987,"date":"2025-01-16T10:32:19","date_gmt":"2025-01-16T10:32:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7987"},"modified":"2025-01-16T10:32:19","modified_gmt":"2025-01-16T10:32:19","slug":"bitcoin-hammers-100k-again-why-is-crypto-up-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7987","title":{"rendered":"Bitcoin Hammers $100K Again: Why Is Crypto Up Today?"},"content":{"rendered":"<div>\n<p>Why is crypto up today? Bitcoin ($BTC) hit the $100,000 mark\u2014if only for a moment\u2014grabbing headlines and reigniting its dominance in the market. The surge comes as <a href=\"https:\/\/99bitcoins.com\/news\/todays-cpi-report-major-bitcoin-price-correction-incoming\/\">cooling U.S. inflation<\/a> and a wave of market optimism revive risk assets, hinting at a volatile yet pivotal year ahead for crypto.<\/p>\n<p>The vibe is investors are seriously underestimating how much money will be put into crypto after <a href=\"https:\/\/99bitcoins.com\/news\/which-crypto-will-boom-in-2025-when-trump-takes-office\/\">Donald Trump gets in<\/a> as president next week.<\/p>\n<p>If the US establishes a Bitcoin reserve, the largest countries on Earth will also do it. Just be happy that you\u2019re early. So, where does Bitcoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke: ;\n        stroke-width: ;<\/p>\n<p>    }\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_6788dd23aa0c8\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background: #e0e0e0; \"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\" width=\"16px\" height=\"16px\"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Trading volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Last 7d price movement<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> head from here?<\/p>\n<h2>Why do Liberals Hate Cryptocurrency?<\/h2>\n<p>But first, for something completely different.<\/p>\n<p>Why do liberal politicians like Joe Biden, Elizabeth Warren, and former SEC chair Gary Gensler, as well as their base, hate crypto? It\u2019s so bizarre to observe.<\/p>\n<figure style=\"width: 720px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.warosu.org\/data\/biz\/img\/0590\/98\/1729363401988809.jpg\" alt=\"\" width=\"720\" height=\"710\"><figcaption class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.splcenter.org\/resources\/hate-watch\/how-cryptocurrency-revolutionized-white-supremacist-movement\/\" target=\"_blank\" rel=\"noopener nofollow\">Hatewatch<\/a>)<\/figcaption><\/figure>\n<p>Midwit Redditor types feel \u201ccheated\u201d by Bitcoiners because of the significant sums of money they\u2019ve made outside the system.<\/p>\n<p>Trump <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-conferences-should-not-feature-donald-trump-and-politicians-only-speakers-should-include-sex-workers-domestic-abuse-survivors-and-the-marginalized\/\">capitalized<\/a> on this.\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">You\u2019re\u00a0<em>supposed<\/em> to make money by doing your homework, getting good grades, going to college, getting a professional job, saving money in a savings account to deposit a house, getting married at 30, and maybe having one kid by 35.<\/span>\u00a0Then you slave away to save for your retirement!<\/p>\n<p>Bitcoin changed everything. You\u2019re not SUPPOSED to make bank with internet funny money! It\u2019s not how it\u2019s supposed to work!<\/p>\n<figure id=\"attachment_192649\" aria-describedby=\"caption-attachment-192649\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-192649 size-medium\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-16_02-54-18-300x222.png\" alt=\"\" width=\"300\" height=\"222\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-16_02-54-18-300x222.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-16_02-54-18-768x568.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-16_02-54-18-50x37.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-16_02-54-18.png 882w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"><figcaption id=\"caption-attachment-192649\" class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT<\/a>)<\/figcaption><\/figure>\n<p>\u201cBut i did everything right.\u201d You also see it in Trump\u2019s cabinet confirmation hearings this week. Liberals are still fighting for the status quo <a href=\"https:\/\/99bitcoins.com\/news\/donald-trump-names-former-college-football-player-to-lead-new-crypto-council\/\">when colleges <\/a>have failed the people, public schools have failed, housing markets have failed, and everything has changed.<\/p>\n<p>They worked tirelessly for decades trying to handicap us with all kinds of rules and laws, so when they see us buy Bitcoin and tiptoe around their control mechanisms, they get sassy.<\/p>\n<p>Then, to top it all off, Trump anointed himself Bitcoin president. $100k BTC is just the start.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Cooling Inflation Fuels Bitcoin\u2019s Rise<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The newest <a href=\"https:\/\/99bitcoins.com\/news\/todays-cpi-report-major-bitcoin-price-correction-incoming\/\">Consumer Price Index numbers<\/a> gave markets a breather. Core CPI edged down to 3.2% in December from November\u2019s 3.3%, while headline inflation clung to 2.9%. Signs are stacking that the Fed\u2019s chokehold on inflation is working, sparking rumors that the Fed might pause or even cut rates later this year.<\/p>\n<blockquote>\n<p>\u201cThe December CPI data marks the removal of the last major macroeconomic barrier keeping Bitcoin below $100,000,\u201d said Matt Mena, Crypto Research Strategist at 21Shares. \u201cWith inflation continuing to cool, the stage is set for a dovish pivot by the Federal Reserve.\u201d<\/p>\n<\/blockquote>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Bitcoin\u2019s rise wasn\u2019t an isolated event. Ether ($ETH) climbed past $3,400, and Solana ($SOL) exceeded $200.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Why Is Crypto Up Today? States Eye Bitcoin Reserves<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> STATE OF OKLAHOMA JUST INTRODUCED A BILL FOR STRATEGIC <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#BITCOIN<\/a> RESERVE <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f92f.png\" alt=\"\ud83e\udd2f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>WILD TIMES!!! <a href=\"https:\/\/t.co\/woCibaL6VB\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/woCibaL6VB<\/a><\/p>\n<p>\u2014 Vivek<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@Vivek4real_) <a href=\"https:\/\/twitter.com\/Vivek4real_\/status\/1879597208062095433?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Bitcoin\u2019s rally has sparked a new wave of curiosity over<a href=\"https:\/\/99bitcoins.com\/news\/trump-could-pass-crypto-executive-order-for-us-bitcoin-reserve-within-hours-of-inauguration\/\"> state-backed reserve<\/a>s of the cryptocurrency. Oklahoma is the latest to float legislation allowing its savings accounts to hold Bitcoin, borrowing a page from Texas, Pennsylvania, Ohio, and New Hampshire.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">If lawmakers give it the green light, Bitcoin could inch closer to mainstream credibility as a fiscal asset for state coffers and federal treasuries.<\/p>\n<p>\u201cBitcoin represents freedom from bureaucrats printing away our purchasing power,\u201d said Oklahoma Representative Cody Maynard, who introduced the bill.\u00a0\u201cIt is the ultimate store of value for those who believe in financial freedom and sound money principles.\u201d<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">What\u2019s Next for Bitcoin Price?<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Favorable economics, state-driven adoption plans, <em>somewhat <\/em>of tone change from Libs, and signals of crypto-friendliness from Trump\u2019s return could combine to make this a watershed year for Bitcoin.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Rate cuts might be in play, inflation is softening, and Bitcoin seems ready to push harder into the global market spotlight.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/dust-settles-over-xrp-price-crash-best-presale-to-buy-in-2024\/\" target=\"_blank\" rel=\"noopener\">Dust Settles Over XRP Price Crash: Best Presale to Buy in 2024?<\/a><br \/>\n<\/span><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-hammers-100k-again-why-is-crypto-up-today\/\">Bitcoin Hammers $100K Again: Why Is Crypto Up Today?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is crypto up today? Bitcoin ($BTC) hit the $100,000 mark\u2014if only for a moment\u2014grabbing headlines and reigniting its dominance in the market. The surge comes as cooling U.S. inflation and a wave of market optimism revive risk assets, hinting at a volatile yet pivotal year ahead for crypto. The vibe is investors are seriously [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7987","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7987"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7987\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}