#Bitcoin breaks $105,000#

Bitcoin surged past $105,000, hitting a new high since 2025 and gaining over 5% on the day. The market widely expects the incoming Donald Trump administration to adopt a friendly policy toward cryptocurrencies and potentially establish a national Bitcoin reserve, fueling investor optimism. Trump pledged during his campaign to position the U.S. as a leader in the cryptocurrency space, promising to issue an executive order elevating digital assets to "national priority" and establish an advisory council composed of industry members to provide policy recommendations. Additionally, fears surrounding the U.S. CPI inflation report ahead of Trump's inauguration have subsided, further boosting Bitcoin's rebound. Alex Thorn, head of research at Galaxy, noted that BTC broke through its local high of $102,000 last week, also breaking the downtrend from its lows over several weeks, now aiming for the December all-time high. Spot Bitcoin ETFs saw a net inflow of $1.381 billion over the past two days, reversing four consecutive days of outflows. Ether spot ETFs attracted $166 million in inflows, marking the largest single-day inflow in over a month. The market widely believes that the Trump administration's cryptocurrency-friendly policies will further propel Bitcoin's price upwards.