Bitcoin on the Brink of $100,000: Record Surge Continues

Bitcoin continues its peak discovery, approaching $98,000 amid positive expectations regarding the cryptocurrency policies of newly elected U.S. President Donald Trump.

Cryptocurrency markets have more than doubled this year, fueled by signals that Trump will demonstrate a pro-crypto administration. According to recent data, Bitcoin peaked at $97,941 with a 6% increase over a 24-hour period, bringing its market capitalization to $1.93 trillion. This rise draws attention as Bitcoin nears the psychological threshold of $100,000.

Experts indicate that Bitcoin's upward trend is continuing with the anticipation of Trump's re-election and the announcement of plans to create a White House position focused on crypto policy. Additionally, the increasing institutional participation and growing interest in Bitcoin ETFs are noted as factors that could further strengthen this ascent. Considering Bitcoin traded at $30,000 a year ago, the current level signifies over a 300% growth.

The expectation that Donald Trump will implement pro-crypto policies has created a wave of buying in the cryptocurrency world, leading to significant movements in Bitcoin prices. It is reported that the crypto sector's support for Trump is increasing, alongside the belief that a crypto-friendly approach will guide the U.S. economy. Industry representatives are expecting cryptocurrency-supportive regulations from the elected president.

Plans by MicroStrategy to accelerate Bitcoin purchases and the initiation of options trading in Bitcoin ETFs listed in the U.S. further strengthen the positive sentiment in the markets. Notably, BlackRock's Bitcoin ETF options have made a robust start, with calls outpacing puts, indicating an expected bullishness in the markets. Since the elections, over $4 billion in assets have reportedly flowed into Bitcoin ETFs listed in the U.S. markets.