The post Bitcoin Price Today: What’s Behind the $102K Breakout and Altcoin Bullish Trends? appeared first on Coinpedia Fintech News
Furthermore, Bitcoin price broke out of a crucial resistance level of around $99.3k and rallied beyond $100k for the first time in 2025. With the upcoming inauguration of US President-elect Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
who has heavily emphasized the adoption of Bitcoin and digital assets, the entire crypto industry has signaled bullish sentiment in the near term.
Rising Stablecoins Supply on CEXes
According to on-chain data analysis from Coinglass, the overall supply of top-tier stablecoins – led by Tether USDT, Circle’s USDC, and FDUSD – has gradually increased in the recent past. For instance, the supply of USDC on CEXes has increased by nearly $1 billion from December 26, 2024, to $4.48 billion at the time of this writing.
Since November 5, 2024, the supply of USDT-Ether has surged from $21 billion to over $38 billion at the time of this writing.
The largest trackable exchange deposits show a continuation of $FDUSD moving to Binance at a massive rate, with two separate $25.9M transactions coming from a whale. Additionally, keep an eye on big movement from $WBTC, $ENA, $COMP, $WLD, $SPX, $FTM, and $PEPE.
pic.twitter.com/p85WKXSDDl
— Santiment (@santimentfeed) January 7, 2025
In the past 24 hours, on-chain intelligence platform Sentiment shows that FDUSD deposits to Binance exchange surged by over $50 million, possibly whales seeking to buy the recent crypto dip.
Altseason Ahead
What About #Altcoins Sir??
The market might seem boring to you right now, but remember, this is your last chance. Last Month, you only saw the Trailer, but the Movie is yet to come..
Buy now before the next Bullish Rally kicks off, better to Buy Now than to regret later or… pic.twitter.com/D0mUJbDucn
— Captain Faibik
(@CryptoFaibik) January 5, 2025
The rising supply of stablecoins on centralized exchanges is perceived as an increasing purchasing power, especially from whale traders. Already, Bitcoin dominance has been forming a macro reversal pattern, after being trapped in a rising channel in the past two years.
Meanwhile, the TOTAL2 and TOTAL3 market caps have been forming a rising trend after registering palpable gains following the overwhelming victory of pro-crypto leaders in the United States.
Some of the top-tier altcoins – led by Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) – have already formed a macro bullish trend in preparation for a parabolic rally in the near term.
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