Bitcoin surged to $99,871 on Monday, nearing the $100,000 milestone, with weekly gains of 5.66%, the highest since late November. Investor optimism is fueled by Donald Trump’s anticipated pro-crypto policies as Congress moves to certify his election victory.
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The cryptocurrency, which hit a record $108,315 in 2024, saw renewed momentum after $908 million flowed into US Bitcoin ETFs on Friday. The Bitcoin Coinbase Premium, a key demand indicator, has also rebounded after a sharp drop in early January.
While Trump’s crypto pledges, including a national Bitcoin reserve, could further boost prices, doubts remain about sustaining the rally. Bitcoin was trading at $99,119 as of Monday morning in London.
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