#Bitcoin Surges Past $105,000#

Bitcoin surged past $105,000, hitting a new high since 2025, 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 establishing a national Bitcoin reserve, a stark contrast to the regulatory crackdowns and enforcement seen in recent years. Markets anticipate Trump will issue an executive order upon inauguration elevating digital assets as a "national priority" and establish an advisory council composed of industry members to provide policy recommendations. Furthermore, the possibility of the U.S. establishing a Bitcoin reserve has risen considerably, with Polymarket traders assigning a 38% probability to Trump achieving this goal within the first 100 days of his presidency. Bitcoin's breakthrough also coincides with easing investor concerns over Wednesday's U.S. CPI inflation report. Galaxy research director Alex Thorn noted that BTC broke through last week's local high of $102,000 and also broke through a declining trend that had lasted for several weeks, aiming for the December all-time high. Spot Bitcoin ETFs saw net inflows of $1.381 billion over the past two days, reversing a four-day outflow trend. Ethereum spot ETFs attracted $166 million in inflows, marking the largest single-day inflow in over a month. However, some analysts also warn investors that if Trump fails to loosen digital asset regulations as planned and begin increasing BTC national debt holdings, Bitcoin could experience a significant pullback.