Bitcoin Surges Past $105,000 Amid Optimism

#Bitcoin has made headlines by surging past $105,000, briefly touching $106,000 on Saturday, as the cryptocurrency market regains momentum. The rally comes ahead of Donald Trump’s second-term inauguration, with his pro-crypto stance fueling optimism among investors. By Sunday, Bitcoin was trading at $105,047, marking a 1.86% rise and a market cap of $2.08 billion.

Earlier in the week, Bitcoin faced a dip below $90,000 amid uncertainty over US Federal Reserve policies. However, the possibility of interest rate cuts breathed new life into the market. Historically, lower rates have increased Bitcoin’s appeal, and this time was no different. Traders pushed the #cryptocurrency past $99,000 and over the $100,000 milestone.

Investor confidence also surged with substantial inflows into Bitcoin-focused ETFs, with over $1.3 billion invested by midweek, reversing previous outflows.

As Trump’s presidency unfolds with promises of support for the #digital asset space, Bitcoin’s continued growth reflects its strengthening role in global finance and investor enthusiasm for what lies ahead.