#Bitcoin breaks through $105,000#

Bitcoin prices have surged past $105,000, hitting a new high since 2025, primarily driven by market expectations that the incoming Trump administration will adopt crypto-friendly policies. Trump pledged during his campaign to position the U.S. as a leader in the cryptocurrency space, including the creation of a national Bitcoin reserve. The market anticipates Trump to issue an executive order after his inauguration, elevating digital assets as a "national priority" and establishing an advisory council comprised of industry members to provide policy recommendations. Furthermore, the likelihood of the U.S. establishing a Bitcoin reserve has significantly increased, with the market placing a 38% probability that Trump will accomplish this within the first 100 days of his presidency. Beyond Trump's policy expectations, Bitcoin's surge is also fueled by a cooling U.S. CPI inflation report and continued buy interest from investors. However, some analysts caution investors that a significant price pullback in Bitcoin could occur if Trump fails to loosen digital asset regulations as planned and initiate an increase in BTC national debt holdings.