Donald Trump provoked a historic high for Bitcoin

The price of bitcoin BTC $103,815.79 Bitcoin -2.54% Market capitalization $2.06 trillion VOL. 24 hours $3.67 billion has reached a new all-time high, exceeding $ 106,000, thanks to growing optimism about the favorable regulatory environment for digital assets that US President-elect Donald Trump promises to introduce. The growth was also supported by the news that MicroStrategy, a major investor in the flagship cryptocurrency, was included in the Nasdaq 100 index.

Bitcoin rose by more than 3% during Asian trade on Monday, reaching a peak of $ 106,493, surpassing its previous record. Currently, the price of the main crypto asset remains above $ 105,800, contributing to optimism in the crypto market.

Analysts note that Trump’s platform includes the creation of a more lenient regulatory environment for digital assets, contrasting with the previous administration’s tougher policies. In addition, Trump even hinted at the possibility of national bitcoin reserves, although experts are skeptical.

The cryptocurrency sector also received an additional boost from the growing interest in bitcoin ETFs. Since Trump’s victory in the November 5 election, net inflows into such funds have amounted to $ 12.2 billion, and similar investment products for Ethereum have attracted $ 2.8 billion.