#Bitcoin Breaks $105,000#

Bitcoin surged past $105,000, reaching a new high since 2025, fueled by strong market expectations of crypto-friendly policies from the incoming Donald Trump administration. Trump campaigned on a promise to position the U.S. as a leader in the cryptocurrency space, including the creation of a national bitcoin reserve. Markets expect Trump to issue an executive order upon inauguration elevating digital assets to a "national priority" and establishing an advisory council comprised of industry members to provide policy guidance. Further, the possibility of the U.S. establishing a bitcoin reserve has significantly increased, with Polymarket traders placing the probability of this occurring within the first 100 days of Trump's presidency at 38%. Bitcoin broke through the $102,000 local high from last week, also breaking through a weeks-long downtrend of lower lows, and is targeting its December all-time high. Spot Bitcoin ETFs witnessed a combined net inflow of $1.381 billion over the past two days, reversing a four-day outflow trend. Ethereum spot ETFs saw inflows of $166 million, marking the largest single-day inflow in over a month.