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Justice Served: $451M Penalty for Firms Behind Binary Options Fraud

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Bitcoin Surges to a New All-Time High Amid Market Volatility and Trump’s Influence

 


Bitcoin (BTC) has once again made headlines, reaching an all-time high of $109,588, defying bearish predictions and a $1.2 billion liquidation tsunami. This significant milestone comes amid growing institutional interest, market volatility, and speculation surrounding Donald Trump’s potential crypto-friendly policies.

Bitcoin’s Rollercoaster Ride to $109,588

In the past 24 hours, Bitcoin’s price has experienced extreme fluctuations, ranging from $106,500 to a low of $99,651, before surging past previous highs. According to CoinGlass, this volatility resulted in over $1.24 billion in liquidations across the perpetual futures segment, making it one of the most significant liquidation events of the year.

Despite these market shakeups, BTC rebounded swiftly, smashing past the $100,000 psychological barrier and setting a new record at $109,588. Binance data confirmed this new all-time high, proving that Bitcoin remains resilient despite intense sell-offs.

The “God Candle” and Trump’s Crypto Influence

Bitcoin's sudden surge to $110,000 was driven in part by political and macroeconomic factors. The market reacted strongly after Donald Trump and his wife, Melania, launched their own rival memecoins, further fueling speculation about a U.S. Bitcoin reserve.

The term "God Candle"—a rapid and powerful price surge—was used by analysts to describe Bitcoin’s meteoric rise following these developments. With expectations growing that Trump could integrate Bitcoin into U.S. financial strategy, market sentiment remains bullish.

Bitcoin Volatility Surges Ahead of Trump’s Inauguration

The upcoming inauguration of President-elect Donald Trump has heightened bullish momentum and volatility in the crypto market.

🔹 Bitcoin open interest surpasses $71 billion, reflecting increased institutional activity.
🔹 BTC volatility spikes to 73%, signaling traders expect continued price swings.
🔹 Institutional investment flows increase, with over $987 million pouring into U.S. Bitcoin ETFs.

According to Dr. Sean Deason, Head of Research at Derive.xyz:

"The crypto market is heating up ahead of Trump’s inauguration, with Bitcoin’s at-the-money (ATM) implied volatility rising from 35% to 83.5% in a single day. This suggests short-term turbulence but steadier movement beyond next week."

What’s Next for Bitcoin?

With BTC breaking past $109,000, traders are now watching for the next key resistance at $110,000 - $112,000. Market analysts believe:

✅ If BTC holds above $109K, the next target could be $115K - $120K.
❌ If BTC faces rejection, support lies at $100K and $99K.

The combination of institutional demand, ETF inflows, and political factors is shaping Bitcoin’s price trajectory. However, with heightened volatility, short-term corrections could still occur.

Conclusion

Bitcoin’s recent rally has defied expectations, setting new all-time highs amid a volatile market environment. As traders and investors brace for Trump’s impact on crypto regulations, BTC remains in price discovery mode.

With institutional capital flowing into the market and bullish sentiment prevailing, will Bitcoin hit $115K next, or are we in for another correction?

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