Українська
Русский
English
Bitcoin price surges above $97,500 and is unlikely to pull back
On Wednesday, the price of Bitcoin jumped 4.4%, rising above the $97,500 level. This is a price range the leading cryptocurrency has not traded at since November 2025.
It remains unclear what exactly triggered the sharp rally, but market analysts expect Bitcoin to reach even higher levels.
In December 2025, BitMEX co-founder Arthur Hayes wrote that Bitcoin would surpass $200,000 by March 2026.
His forecast is based on the assumption that the Federal Reserve will inject liquidity into the U.S. economy by purchasing approximately $40 billion worth of government bonds.
Once investors realize that this represents a “cleverly disguised” form of money printing, the price of the leading cryptocurrency will reach a new all-time high.
Hayes’ conviction strengthened following the capture of Nicolás Maduro, the president of Venezuela, by U.S. forces, as the operation would give the United States access to the Latin American country’s oil reserves.
This, in turn, would help curb gasoline prices and inflation while increasing market liquidity through U.S. government actions.
Bitwise Chief Investment Officer Matt Hougan cited additional factors that could push Bitcoin’s price higher:
- the U.S. market will avoid a повтор collapse similar to the one seen in October;
- the U.S. government will pass the Clarity Act, providing a clear regulatory framework for the crypto industry;
- equity markets will continue to post strong performance.
See also: "Dogecoin recovers key levels after a sharp surge in trading volume"
