Bitcoin has reached new highs, surpassing $104,900, as this year’s rally continues to benefit from several factors, including President-elect Donald Trump’s impact on markets. Bitcoin is now up 140% in a year and 15% higher over a 30-day period. Following Trump’s presidential victory in early November, Bitcoin and the broader crypto market saw a significant uplift.
Proposed policies for digital assets must gain approval from Congress and the Senate, both currently controlled by Republican majorities. The appointment of former PayPal COO David Sacks as Trump’s “White House AI & Crypto Czar” and the gathering momentum for crypto also benefit altcoins and meme coins.
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