Bitcoin reached a new all-time high on Friday, nearing the coveted $100,000 mark, fueled by growing optimism that a Trump-led administration will foster a more crypto-friendly regulatory environment. The digital currency has surged more than 100% this year and has gained around 45% in the two weeks following Donald Trump’s decisive election victory, which also saw the rise of crypto-friendly lawmakers in Congress.
At the latest trading session, Bitcoin was up over 1%, touching $99,380, and is poised to deliver its strongest monthly performance since February.
This meteoric rise has positioned Bitcoin as one of the key beneficiaries of the so-called “Trump trades”—assets that are expected to thrive or suffer under the impact of Trump’s policy shifts.
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