Bitcoin reached a new all-time high on Friday, with its focus now on breaking the $100,000 mark. The cryptocurrency has experienced a remarkable rally, driven by growing optimism about a more favorable regulatory landscape under a potential Donald Trump administration.
Having more than doubled in value this year, Bitcoin has surged approximately 45% since Trump’s decisive election victory, which was accompanied by the election of several pro-crypto lawmakers to Congress.
At the latest update, Bitcoin had gained over 1% on the day, trading at $99,380, and is on track to post its strongest monthly performance since February.
This surge has positioned Bitcoin as one of the standout beneficiaries of the “Trump trade” phenomenon—investments that are believed to benefit from the policies of the new administration.