#Bitcoin Surpasses $105,000#

Bitcoin price surged past $105,000, hitting a new high for 2025, driven primarily by market expectations of a crypto-friendly policy from the incoming Donald Trump administration. Trump's campaign promises to position the U.S. as a leader in the cryptocurrency space, including establishing a national Bitcoin reserve, stand in stark contrast to the regulatory crackdowns and enforcement actions of recent years. The market anticipates an executive order from Trump after his inauguration to elevate digital assets as a "national priority" and establish a consulting committee composed of industry members to provide policy recommendations. Additionally, the probability of the U.S. establishing a Bitcoin reserve has also surged, with the market placing a 38% likelihood of this happening within the first 100 days of Trump's presidency. The Bitcoin breakthrough was also fueled by investors' waning concerns over Wednesday's U.S. CPI inflation report and the influx of $1.381 billion into spot Bitcoin ETFs over the past two days. Nonetheless, market analysts warn investors of a potential sharp pullback in Bitcoin if Trump fails to deliver on his promises to loosen digital asset regulation and begin increasing BTC holdings in the national treasury.