Bitcoin Surges Above $100K Amid Trump Inauguration

Bitcoin's price surged past $104,000 just before President-elect Donald Trump's inauguration, bolstered by optimistic market sentiment surrounding potential pro-crypto policies. The cryptocurrency experienced a significant upswing, gaining over 5% in just 24 hours, as traders anticipated Trump's possible executive orders related to cryptocurrency regulation and the establishment of a national Bitcoin reserve. Analysts suggest that while the prospects appear bullish, there are concerns about overly optimistic investor expectations, which could lead to a 'sell the news' reaction if proposed initiatives face delays. Overall, favorable U.S. ETF data and cooling inflation fears have contributed to a reinvigorated crypto market, with some predicting Bitcoin could reach as high as $160,000 in the coming months. Additionally, the broader cryptocurrency market has seen gains, with altcoins also benefiting from this bullish trend. Experts remain cautious, emphasizing the need for substantial long-term developments to sustain this momentum.