Bitcoin could be propelled to a valuation of $130,000 in 2025 according to one wealth advisor, buoyed by positive sentiments from CEOs like Brian Moynihan.

Wariness is passé on Wall Street. Cautious uncertainty over lingering inflation and geopolitical turbulence have been replaced by giddiness over the deregulatory bonanza financial firms expect President Donald Trump’s administration to deliver.

Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.

Bitcoin reached $103,700 today, driving market action. Its rise is tied to the new government, and investors are exploring other coins before January ends.

The selling pressure on Bitcoin (BTC) may already be easing up after its price recovered above the $94,000 mark.

These 3 Artificial Intelligence (AI) Stocks More Than Quadrupled in 2024. Here's the 1 Wall Street Likes the Most Now.

Wall Street will closely watch the streamer's ad-supported subscriber numbers. Bitcoin hits a new high ahead of Trump's inauguration. TikTok restores U.S. service after going dark.

European and Asian stock markets rose on Monday and bitcoin hit a fresh high as Donald Trump prepared to re-enter office as president of the world's biggest economy.Bitcoin hit a record above $109,000 before easing as Trump,

Price drops reflect anxieties over fewer rate cuts, unsettling traders across cryptocurrency and broader finance.

U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.

The new peak above $109,000 was reached Monday, and stock futures rose. Since Trump was elected, bitcoin has surged more than 50%.