Bitcoin just broke its historical price record for the third consecutive time this week, reaching a new peak of $108,135 before slightly decreasing to $107,020, according to data from CoinGecko. Over the past 7 days, Bitcoin has risen nearly 12%, although the increase in the past 24 hours was only 0.3%.



Bitcoin and expectations from the new administration



The strong upward momentum of $BTC emerged after the surprising victory of elected President Donald Trump on November 5. During the campaign, Trump pledged to support the digital asset industry, even recommending that people 'never sell Bitcoin.' A proposed plan may include the U.S. establishing a strategic Bitcoin reserve, similar to gold or other reserve assets.



In December, Bitcoin surpassed the $100,000 mark for the first time and continuously broke records over the past three days, attracting large capital flows from digital asset investment funds. On Monday alone, over $600 million was poured into Bitcoin ETF trading funds on the U.S. stock exchange.



XRP and altcoins are also booming



While Bitcoin sets new records, $XRP also saw impressive gains, currently trading at $2.63, up more than 6% in the past 24 hours. The growth of XRP is driven by the launch of Ripple USD (RLUSD)—a stablecoin pegged to the USD from Ripple. Previously, XRP reached a 7-year high of $2.82 in early December.



Besides XRP, other altcoins are also experiencing growth:


• Stellar (#XLM ) increased about 5% on the day, currently trading at $0.44.


• Bonk, a meme token on the Solana ecosystem, leads the top 100 tokens with a 4% increase, reaching $0.000036.


• Exchange-related tokens like Bitget Token (BGB) and Cronos (CRO) have both increased about 11% in the past 24 hours.



Conclusion



The crypto market is experiencing a strong boom, with Bitcoin continuously breaking records and altcoins like XRP or XLM attracting new interest from investors. The positive political context along with capital flows from traditional investment funds is creating significant momentum for the entire market. Investors should take this opportunity to observe and seize the chance.