And it’s still within reach of that sweet, sweet $100K milestone.
Bitcoin’s close call came on Friday when it reached just $350 shy of six figures, according to CoinGecko. The surge coincided with Donald Trump nominating Scott Bessent, a crypto-friendly hedge fund manager, as Treasury Secretary.
But the weekend wasn’t as kind, with Bitcoin sliding to $95,903 and shedding $500 million in liquidations, per CoinGlass.
By Monday morning in Asia, Bitcoin was back in the game, holding steady at $98K. Fueling the optimism was news from Tether and Howard Lutnick, Trump’s nominee for Commerce Secretary.
Lutnick, the CEO of Cantor Fitzgerald and a co-chair of Trump’s transition team, is in talks to deepen the relationship between, well, Cantor Fitzgerald, and Tether, the world’s largest stablecoin issuer.
Cantor already manages Tether’s US Treasury holdings, but Lutnick, according to Bloomberg, is angling to have Tether back a new program: a multibillion-dollar initiative to lend dollars to clients who put up Bitcoin as collateral.
That move could reinforce Bitcoin’s standing as a legit financial instrument while further mainstreaming Tether.
When? WHEN?
Bitcoin’s dance with $100K is more than just a market story—it’s a cultural moment. Whether you’re a hardcore HODLer or a skeptical sideline-watcher, the next few weeks could redefine the crypto landscape.
Market pros are doubling down on Bitcoin’s upwards trajectory and say that it’s still not too late to jump in on the Bitcoin bandwagon. For them, the question isn’t if Bitcoin will hit $100K, but when.
And when it does, there’s no telling just how far this rocket ship will go.
Their reasoning? Well, mostly Trump’s crypto promises. His agenda includes clear regulations, the creation of a national Bitcoin reserve, and appointing agency heads who are pro-digital assets.
Case in point: Gary Gensler a.k.a. the crypto industry’s enemy number one will be leaving the US markets watchdog on Trump’s inauguration day. Trump said he would fire Gensler on day one.
Read more: Who follows crypto’s big bad wolf?-Moniify
Trading firm QCP predicts that global monetary easing and sustained demand will keep BTC prices buoyant through to the end of the year. Their latest note projects that the six-figure milestone is not just inevitable—it’s imminent.
But the stakes are high. If Bitcoin clears $100K, it could spark unprecedented adoption, tighter integration with traditional finance, and possibly even broad policy shifts. If not… well no one’s got time for that right now.
