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Bitcoin Breaks $105K Barrier: Donald Trump's Crypto Plans Spark New Highs

Bitcoin hit a record high of over $105,000 in early Asian trading on Monday, fueled by reports that Donald Trump’s administration may create a Bitcoin strategic reserve fund. The cryptocurrency peaked at $105,142 before settling at $104,666.
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Bitcoin Surges To Record High Of Over 105,000 For First Time

Bitcoin soared to an all-time high of over $105,000 during early Asian trading on Monday, continuing its upward trajectory since Republican Donald Trump, a vocal advocate for cryptocurrencies, was elected as US President in November.
The cryptocurrency reached a peak of $105,142 before settling at $104,666.
The surge followed weekend reports suggesting Trump’s administration plans to establish a Bitcoin strategic reserve fund, noted Tony Sycamore, an analyst at IG.
"We're in blue sky territory here," Sycamore said. "The next figure the market will be looking for is $110,000."
(With inputs from Reuters)
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