#Bitcoin breaks $105,000#

2047
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Overview

Bitcoin surged past $105,000, hitting a new high since 2025, fueled by market expectations of a crypto-friendly policy under the incoming Donald Trump administration. Trump is planning to issue an executive order designating cryptocurrencies as a "national policy priority" and creating an advisory board comprised of industry members to provide policy recommendations. Additionally, fading concerns surrounding the US CPI inflation report also contributed to the Bitcoin price surge. Some analysts believe that Bitcoin could reach $128,000 in the coming months.

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Analysis

Bitcoin surged past $105,000, hitting a new high since 2025, driven by market expectations that Donald Trump's presidency will be crypto-friendly and could see him issue an executive order designating cryptocurrencies as a "national policy priority." Investors are also bullish on the possibility of the Trump administration establishing a national Bitcoin reserve, further fueling the price gains. Additionally, Wednesday's US CPI inflation report eased inflation concerns, providing further support to Bitcoin's rise. Although some concerns remain, such as the US PPI index signaling persistent price pressures and large amounts of Bitcoin being moved to exchanges by whales, overall sentiment remains positive for Bitcoin.

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Classic Views

Trump's inauguration ceremony will release policies supporting cryptocurrency, pushing up the price of Bitcoin.

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The Trump administration will list cryptocurrency as a national priority and establish an advisory committee to provide policy advice.

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The Trump administration may establish a national Bitcoin reserve, leading to a significant increase in the price of Bitcoin.

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The market is optimistic about the Trump administration's cryptocurrency policy, driving Bitcoin to break through its historical highs.

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