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Increasing global engagement and adoption highlight bitcoin's potential for unprecedented price growth.

Bitcoin has surged above the $100,000 mark, trading at around $102,000—a gain of over 4% in a single day. This rally is driven by the “January effect” as investors return from the holidays and inject fresh capital into the market. Investors are also closely watching the upcoming inauguration of Donald Trump on January 20 and the departure of SEC Chair Gary Gensler.

After weeks of volatility, the price of bitcoin rose above $100,000 on Monday for the first time since Dec. 19.

Altcoin majors, including ether and solana, also rose sharply as U.S. markets opened on the first full week after holidays, with the broad-based CoinDesk 20 advancing 3.5% through the day.

Crypto will reach a turning point when it becomes as useful for companies as the internet became in the 1990s, argues Animoca Brands' co-founder.

The cryptocurrency market is gaining momentum in the new year, with Bitcoin’s price hovering around $100,000. Adding to this positive outlook, anticipation is building around Donald Trump’s upcoming inauguration on Jan. 20, further bolstering crypto investor confidence.

MicroStrategy bought bitcoin yet again, and it has no plans to slow down purchases anytime soon. The company also plans to raise $2 billion in capital over three years to fund more purchases.