Bitcoin Surges Past $105,000, Market Cap Exceeds $2 Trillion Amid Trump's Crypto Embrace

Jan 17, 2025, 02:37 PM

Bitcoin has surged past the $105,000 mark, marking its highest level since mid-December. The cryptocurrency's price has risen by 16% from a low of $90,000 just four days ago, reflecting strong market momentum. This recent climb has also pushed Bitcoin's market capitalization above $2 trillion, underscoring its significant presence in the financial markets. The price increase comes amid anticipation of President Trump's forthcoming inauguration, where he is expected to embrace cryptocurrency, further fueling optimism in the market.