Mon Dec 16 01:32:47 UTC 2024: ## Bitcoin Breaks $105,000 Barrier Following Trump’s Election
**HONG KONG –** Bitcoin soared to a record-breaking high of $105,142 in early Asian trading today, surpassing its previous all-time peak. The cryptocurrency’s dramatic surge follows the November election of US President Donald Trump, who has expressed support for cryptocurrencies.
Market analysts attribute the latest price jump to weekend reports suggesting President Trump will establish a Bitcoin strategic reserve fund. Tony Sycamore, an analyst at IG, commented, “We’re in blue sky territory here,” indicating the market’s bullish sentiment. He further predicted the next significant target for Bitcoin’s price to be $110,000. At the time of publication, Bitcoin was trading slightly lower at $104,666. The unprecedented rise reflects the market’s positive response to the perceived pro-crypto stance of the Trump administration.
First Piper 