Bitcoin tops $100,000 again as Congress set to certify Trump victory
The original cryptocurrency rose as much as 4.1% to $102,504 on Monday. As of Sunday it had posted a weekly gain of 5.66%, its largest since Nov. 24, according to data compiled by Bloomberg.
Bitcoin’s record-breaking run in 2024 ran out of steam in late December as investors looked to book profits. Optimism that a pro-crypto White House under Donald Trump will instigate a supportive regime in the US had earlier helped lift the token to an all-time high of $108,315
“A super cycle of 2025 is anticipated with regulatory reforms by the Trump government,” said Khushboo Khullar, venture partner at Lightning Ventures, which invests in Bitcoin-linked firms.
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View Details»The momentum shift comes after investors poured a net $908 million into a crop of US Bitcoin exchange-traded funds on Friday, the fifth biggest inflow for the group since their launch in Jan. 2024, according to data compiled by Bloomberg. Those funds posted a record net outflow of $680 million on Dec. 19.
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