#Bitcoin breaks $105,000#

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Overview

Bitcoin surged past $105,000, marking a new high since 2025, with intraday gains exceeding 5%. The market widely believes that the incoming Donald Trump administration will adopt crypto-friendly policies, driving bitcoin prices higher. Expectations are high that Trump will issue an executive order elevating digital assets to a "national priority," and establish an advisory council composed of industry members to offer policy recommendations. Furthermore, during his campaign, Trump pledged to position the U.S. as a leader in the cryptocurrency space, including the establishment of a national bitcoin reserve. These developments have fueled market anticipation of a "Trump pump," referring to a significant surge in bitcoin prices following Trump's inauguration.

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Analysis

Bitcoin surged past $105,000, gaining over 5% on the day and hitting a new high since 2025. Market sentiment is overwhelmingly bullish, fueled by the anticipation of a crypto-friendly administration under the incoming Donald Trump presidency, potentially including the establishment of a national Bitcoin reserve. During his campaign, Trump promised to position the US as a leader in the cryptocurrency space, and he is expected to issue an executive order elevating digital assets to a "national priority." The market expects policies to be unveiled following his inauguration, further driving Bitcoin prices upwards. Furthermore, the influx of funds into Bitcoin spot ETFs has provided strong support to the market. However, some analysts caution that a substantial pullback could occur if Trump fails to deliver on his promise to loosen regulations on digital assets. Overall, the market is optimistic about the Trump administration's crypto policies and expects Bitcoin to maintain a strong upward trajectory in the coming period.

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Classic Views

Trump's inauguration will bring a new era of cryptocurrency-friendly policies, boosting Bitcoin prices.

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Market expectations are that Trump will release policies supporting cryptocurrency, such as establishing a national Bitcoin reserve, triggering a "Trump pump" rally.

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Bitcoin has broken through last week's local highs and also broken through the downward trend of lows for several consecutive weeks, aiming for the all-time high in December.

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Bitcoin broke through $105,000, hitting a new high since 2025, leading the broader cryptocurrency benchmark CoinDesk 20 index higher.

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