GPO Plus (OTC:GPOX) Stock, Quote.Headers.trade-ideas

GPO Plus Inc is a fully reporting holding company of industry-specific Group Purchasing Organizations (GPO). The company's main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services. The Company's business is organized around four key areas which are products (developing and manufacturing), distribution (getting products to customers), marketing (promoting products), and sales (selling products to consumers and retailers).

GPO Plus – "White Glove" Service Drives Successful Year For This CPG Company

Markets

GPOX

Brett H. Pojunis, CEO of GPO Plus, Inc. (OTCMKTS: GPOX), was recently interviewed by Benzinga.

GPO Plus – &#34;White Glove&#34; Service Drives Successful Year For This CPG Company

Screenshot 2023-07-27 at 7.04.05 PM

Movers & Shakers

Interview

GPO Plus – This Company Accomplished All 3 Goals It Set For Itself For Last Year

GPO Plus – “White Glove” Service A Boon For This Consumer Product Company

General

Brett H. Pojunis, CEO of GPO Plus, Inc. (OTCMKTS: GPOX), was recently a guest on Benzinga’s All-Access.

GPO Plus – &#34;White Glove&#34; Service A Boon For This Consumer Product Company

GPO Plus Inc

Benchmark analyst Mike Hickey reiterates Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and maintains $30 price target.

News

Price Target

Reiteration

Analyst Ratings

IMAX

Benchmark Reiterates Buy on Imax, Maintains $30 Price Target

Barclays analyst Lauren Lieberman maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Underweight and lowers the price target from $7 to $6.

COTY

Barclays Maintains Underweight on Coty, Lowers Price Target to $6

GE Vernova's nuclear business, GE Hitachi Nuclear Energy (GEH), today announced that it is part of a coalition of utility companies and supply chain partners that are collaborating to accelerate the deployment of the BWRX-300 small modular reactor (SMR) in the U.S. Led by Tennessee Valley Authority (TVA), the coalition, which has submitted an application for $800 million in funding from the U.S. Department of Energy's Generation III+ SMR program, includes Bechtel, BWX Technologies (BWXT), Duke Energy, Electric Power Research Institute (EPRI), GEH, Indiana Michigan Power - an AEP company, Oak Ridge Associated Universities, Sargent &amp; Lundy, Scot Forge, other utilities and advanced nuclear project developers and the State of Tennessee.

Contracts

GE Vernova's GE Hitachi Nuclear Energy Joins Coalition Led By Tennessee Valley Authority Seeking $800M For BWRX-300 Small Modular Reactor Deployment In The U.S.

Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Outperform and raises the price target from $54 to $55.

Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $55

US Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) reported <a href="https://www.benzinga.com/25/01/43028258/us-bancorp-beats-q4-eps-estimates-return-on-tangible-equity-hits-183-as-ceo-emphasizes-resilience-amid-challenges">mixed results for the fourth quarter</a>.
The company reported its quarterly results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">DA Davidson On US Bancorp</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59072de6290fa70001f19989/peter-winter">Analyst Peter Winter</a> maintained a Buy rating and a price target of $60.
US Bancorp reported its fourth-quarter earnings at $1.01 <a>per share</a>, with core earnings of $1.07 per share surpassing consensus of $1.05 per share, Winter said in a note. The company's net interest income (NII) rose $11 million, or 0.3%, to $4.176 billion, in-line with expectations, he added.
US Bancorp has reported positive operating leverage (POL) of more than 0.5% only once since 2016, with the figure being negative in six of those years, the analyst stated. "However, USB has turned the corner," generating positive POL in the third and fourth quarters of 2024 and has guided to a 200+ basis points of POL for the first quarter and 2025, "led by 3% to 5% total revenue growth," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Keefe, Bruyette &amp; Woods On US Bancorp</h1>
Analyst David Konrad reiterated a Market Perform rating and price target of $58.
US Bancorp reported "a modest operating beat" for the fourth quarter, with NII of $4.2 billion in-line with expectations, Konrad said. Net interest margins came in at 2.71%, down sequentially by three basis points (bps) and below "our estimate of 2.73%," he added.
"NII growth for 2025 is embedded in the firm&#8217;s +3-5% net revenue guide, and assumes two rate cuts, and is expected to benefit from better asset mix, stabilization in NIBD mix shift, and fixed asset repricing," the analyst wrote. Although the company's 2025 guidance came in below Street expectations, the market reaction seems to be overdone, he further stated.
USB Price Action: Shares of US Bancorp had risen by 0.19% to $48.13 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43031980/big-banks-continue-to-beat-q4-earnings-financial-etf-takes-breather">Big Banks Continue To Beat Q4 Earnings As Financial ETF Takes A Breather</a>
Photo: JHVEPhoto via Shutterstock

Analyst Color

Earnings

Earnings Beats

Trading Ideas

US Bancorp Reports Q4 Earnings Beat, 'Has Turned The Corner,' Analysts Say

Benchmark analyst Subash Chandra reiterates Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) with a Buy and maintains $62 price target.

MTDR

Benchmark Reiterates Buy on Matador Resources, Maintains $62 Price Target

Barclays analyst Lauren Lieberman maintains Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) with a Equal-Weight and lowers the price target from $96 to $83.

Barclays Maintains Equal-Weight on Colgate-Palmolive, Lowers Price Target to $83

Insider Trades

Caterpillar CFO Andrew R J Bonfield Reports Open Market Sale Of 10,000 Common Shares At An Average Price Of $380.09/share

The S&amp;P 500 Index and many stocks saw gains during Donald Trump's first term in the White House from 2017 to 2021. A new reader poll predicts how high the S&amp;P 500 will go in Trump's next four years in office as he heads back to the White House on <a href="https://www.benzinga.com/news/25/01/42995328/trump-inauguration-from-elon-musk-jeff-bezos-to-barack-obama-george-bush-and-bill-clinton-who-all-will-attend">Monday, Jan. 20.</a>
What Happened: Investors are weighing the impact of potential<a href="https://www.benzinga.com/news/global/25/01/42988641/trump-wants-trade-partners-to-start-paying-announces-external-revenue-service-for-tariffs"> tariffs proposed by Trump</a> that could happen under his next presidential term.
The last time Trump was in office, stock markets saw strong returns, including a strong first-year performance for many stock market indices. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500,<a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r"> was up 70% </a>during Trump's first term in the White House.
Benzinga recently asked if the returns for his next four-year term would be similar.
"What do you think the return will be from 2025 through 2029?&#8221;
The results were:
<ul>
<li>31% to 45%: 33%</li>
<li>0% to 15%: 24%</li>
<li>61% or More: 22%</li>
<li>46% to 60%: 13%</li>
<li>Will Decline: 8%</li>
</ul>
The winning vote getter was a range of 31% to 45%. This would equate to an average of around 7.8% to 11.3% annually. The S&amp;P 500 has an average annual return of around 10%, meaning readers see the index having average returns during Trump's upcoming time in the White House. 
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent011725">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Trump famously predicted there would be an economic downturn and the <a href="https://www.benzinga.com/markets/equities/24/05/38890222/biden-hands-out-big-l-to-trump-as-dow-hits-40k-for-first-time-and-ex-presidents-stock-market-cra">stock market would crash</a> if he did not win the 2020 presidential election.
While the economy saw turbulent times that had high inflation and worries for consumers during parts of President Joe Biden's time in the White House, stock market indices also hit all-time highs.
The Dow Jones and S&amp;P 500 each hit highs while Biden was in office, leading to the president clapping back at Trump's earlier prediction.
"Good one, Donald," Biden wrote in a post on X, sharing a campaign video that highlighted the stock market's record highs.
The SPDR S&amp;P 500 ETF is up 64.6% from Jan. 20, 2021 through Jan. 17, 2025 based on a price of $596.80 at the time of writing, making the return under Biden nearly the same as during Trump's first four years.
Here's a look at the returns by year for times when Biden and Trump were in office, with Biden inaugurated in 2021 and Trump inaugurated in 2017:
<ul>
<li>2024: +24.9%</li>
<li>2023: +26.2%</li>
<li>2022: -18.2%</li>
<li>2021: +28.8%</li>
<li>2020: +18.4%</li>
<li>2019: +31.2%</li>
<li>2018: -4.6%</li>
<li>2017: +21.7%</li>
</ul>
Along with anticipating how the stock market will do during Trump's next four years in the White House, <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43041374/exclusive-how-high-will-sp-500-go-under-donald-trump-in-2025-readers-are-optimistic-26-say-this">Benzinga recently asked</a>, "What do you think the return will be in 2025, his first year back?"
The results were:
<ul>
<li>16%+: 26%</li>
<li>11% to 15%: 22%</li>
<li>Will Decline: 22%</li>
<li>6% to 10%: 19%</li>
<li>0% to 5%:&nbsp;12%</li>
</ul>
The poll found the largest percentage believe the S&amp;P 500 Index will post gains of at least 16% in 2025. The 11% to 15% range came in second place at 22%.
It&#8217;s also worth pointing out that the S&amp;P 500 decline in 2025 was actually tied for second in the poll at 22%, which could mean 2025 is a make-or-break year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43046693/biden-warns-of-musk-bezos-zuckerberg-oligarchy-but-is-he-to-blame-mark-cuban-says-president-pushed-them-all-into-the-arms-of-trump">Biden Warns Of Musk, Bezos, Zuckerberg Oligarchy, But Is He To Blame? Mark Cuban Says President &#8216;Pushed Them All Into The Arms Of Trump&#8217;</a></li>
</ul>
The study was conducted by Benzinga from Jan. 14, 2025 through Jan. 15, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 107 adults.
Image: Shutterstock

Broad U.S. Equity ETFs

Politics

Exclusives

ETFs

EXCLUSIVE: Can S&P 500 Repeat Large Gains From Donald Trump's First Term A Second Time Around? Readers Say This Return Range Most Likely

Palantir Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) short percent of float has risen 27.32% since its last report. The company recently reported that it has 98.49 million shares sold short, which is 4.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Palantir Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737128722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Palantir Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Palantir Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Palantir Technologies's peer group average for short interest as a percentage of float is 3.19%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

PLTR

How Is The Market Feeling About Palantir Technologies?

UnitedHealth Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) short percent of float has risen 27.14% since its last report. The company recently reported that it has 8.18 million shares sold short, which is 0.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>UnitedHealth Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737128717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for UnitedHealth Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing UnitedHealth Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UnitedHealth Group's peer group average for short interest as a percentage of float is 5.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(UNH) - Analyzing UnitedHealth Group's Short Interest

Jabil's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) short percent of float has fallen 26.61% since its last report. The company recently reported that it has 2.41 million shares sold short, which is 2.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Jabil Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737128712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Jabil has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Jabil's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Jabil's peer group average for short interest as a percentage of float is 3.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(JBL) - Analyzing Jabil's Short Interest

Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) has outperformed the market over the past 15 years by 13.94% on an annualized basis producing an average annual return of 25.89%. Currently, Cintas has a market capitalization of $80.45 billion. 
Buying $1000 In CTAS: If an investor had bought $1000 of CTAS stock 15 years ago, it would be worth $31,580.20 today based on a price of $199.35 for CTAS at the time of writing.
<h3>Cintas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737128709_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTAS

$1000 Invested In Cintas 15 Years Ago Would Be Worth This Much Today

Barclays analyst Lauren Lieberman maintains Coca-Cola Europacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) with a Overweight and lowers the price target from $86 to $83.

Coca-Cola European Partners plc Ordinary Shares

CCEP

Barclays Maintains Overweight on Coca-Cola Europacific, Lowers Price Target to $83

Keybanc analyst Steve Barger reiterates UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) with a Overweight and maintains $650 price target.

Keybanc Reiterates Overweight on UnitedHealth Group, Maintains $650 Price Target

KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/KEY/earnings">opening bell on Tuesday, Jan. 21, 2025</a>.
Analysts expect the Cleveland, Ohio-based company to report quarterly earnings at 32 cents per share, up from 3 cents per share in the year-ago period. KeyCorp projects to report revenue of $1.75 billion for the recent quarter, compared to $1.54 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
KeyCorp shares fell 1.7% to close at $17.84 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/KEY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating and raised the price target from $19 to $22 on Dec. 4, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Piper Sandler analyst Scott Siefers maintained an Overweight rating and boosted the price target from $19 to $22 on Dec. 3, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Goldman Sachs analyst Ryan Nash maintained a Buy rating and raised the price target from $20 to $23 on Nov. 26, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Wells Fargo analyst Mike Mayo maintained an Overweight rating and raised the price target from $20 to $22 on Nov. 15, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst Keith Horowitz downgraded the stock from Buy to Neutral with a price target of $19 on Nov. 7, 2024. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying KEY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="478" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17032538/image-114-1024x478.png" alt="" class="wp-image-738372" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17032538/image-114-1024x478.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17032538/image-114-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17032538/image-114-768x359.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17032538/image-114.png 1160w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43025282/wall-streets-most-accurate-analysts-views-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>

KeyCorp Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surged past the $104,000 mark, propelled by a mix of renewed optimism <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">surrounding the incoming US administration</a> and strong market sentiment, according to experts.
What Happened: According to Coingecko data, the cryptocurrency briefly hit $104,279 and is trading at $103,791 at the time of writing, up 5.6% on the day.
Market analysts point to the incoming Donald Trump administration's <a href="https://www.benzinga.com/25/01/43047039/trump-planning-to-declare-cryptocurrency-as-national-priority-increase-engagement-with-industry-report">potential embrace of crypto</a>, as well as high levels of buyer interest to explain the latest jump.
The wider crypto market is also experiencing considerable gains, with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) trading at $3,418, after earlier reaching $3,431.
Numerous altcoins are showing substantial growth with Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) rising by 5%, 7%, 8%, and 12% respectively.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43053129/bitcoin-miners-consolidate-power-12-firms-now-control-30-of-network-hash-rate">Bitcoin Miners Consolidate Power: 12 Firms Now Control 30% Of Network Hash Rate</a>
Why It Matters: The surge is attributed to several contributing factors, primarily driven by expectations concerning the new US administration&#8217;s stance on cryptocurrencies.
In a note to Benzinga, Seamus Rocca, Chief Executive Officer at Xapo Bank, said, &#8220;As we approach President-elect Donald Trump's inauguration, the Bitcoin community is eager to see how he delivers on his bold message from Bitcoin Nashville—that the United States should be embracing this transformative industry." 
Rocca also noted that Trump's acknowledgement of Bitcoin's potential and his calls for American leadership in the space have sparked renewed optimism across the market.
Rocca emphasized the need for regulatory action in the US stating that 2025 is shaping up to be an exciting year for crypto. 
He sees the U.S, facing a pivotal moment as the market watches for progress not just on regulatory clarity but also on how the administration might view Bitcoin as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43056350/maga-memecoin-leads-trump-meme-rally-as-strategic-bitcoin-reserve-speculation-intensifies">strategic reserve asset</a>.
He further added that Europe is currently leading the charge in the space and that the US has much catching up to do, "The first 100 days of this administration will be critical in laying the groundwork for common-sense regulation that supports innovation and strengthens Bitcoin's role in the financial ecosystem."
In addition to external factors, market sentiment also plays a vital role in the current price movements. 
Alex Kuptsikevich, chief market analyst at FxPro said, "Crypto market sentiment remains in the ‘Greed' territory, with values recording 75 for the second consecutive day. 
These figures indicate significant buyer interest but are not yet indicative of an overbought market." 
Kuptsikevich further explained that, "Bitcoin's price has exceeded $102,000, entering the range it occupied ten days ago. Similar to the broader market, BTC is on the brink of reaching the December highs."
He also highlighted that there is a potential for future growth to the $108,000 to $110,000 range.
"If risk appetite in equities persists, an advance into the 108K−110K range could materialize within a few days. 
Continued upward movement might trigger FOMO, potentially driving the price to $130,000 by the end of January,&#8221; he said.
Read Next: 
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