#Bitcoin breaks $105,000#

Bitcoin surged past $105,000, hitting a new high since 2025, with gains exceeding 5% on the day. The market widely believes that the incoming Donald Trump administration will adopt a more friendly policy towards cryptocurrencies, which will drive Bitcoin prices up. Trump pledged during his campaign to position the United States as a leader in the cryptocurrency space, including establishing a national Bitcoin reserve. The market expects Trump to issue an executive order after his inauguration, elevating digital assets to a "national priority" and creating an advisory council composed of industry members to provide policy recommendations. Moreover, the possibility of the United States establishing a Bitcoin reserve has also significantly increased, with investors holding optimistic expectations for the Trump administration's cryptocurrency policies. In addition to expectations surrounding Trump's policies, Bitcoin's breakthrough of $105,000 is also related to recent market liquidity abundance and rising investor risk appetite. However, some analysts have pointed out that Bitcoin prices may experience a pullback, as uncertainty remains regarding the Trump administration's cryptocurrency policies.