Bitcoin Exceeds $105,000 Amid Trump Crypto Anticipation

Bitcoin has surged to around $105,700, marking its highest weekly gain since the U.S. election week in November, largely fueled by speculation surrounding Donald Trump's return as a pro-crypto advocate. The cryptocurrency's rise of nearly 11% is attributed to expectations of Trump's favorable policies towards digital assets, including a potential executive order prioritizing cryptocurrencies and the establishment of a U.S. strategic bitcoin reserve. This optimism is compounded by improving economic indicators, such as lower-than-expected inflation data, which have bolstered investor confidence across riskier assets. Despite Bitcoin's recent positive momentum, the market might face volatility as Trump's inauguration date approaches, with traders anticipating price fluctuations linked to political developments. The overall sentiment indicates a transformative period for cryptocurrency regulation in the U.S., contrasting sharply with previous administrations' more restrictive stances. Analysts suggest that if the positive trends continue, Bitcoin could see further substantial gains in the near future.