Bitcoin bounced back above the key $100,000 level, hitting a 10-day high of $102,081 overnight, according to data from LSEG.
Traders are returning to cryptocurrencies in anticipation of Donald Trump’s inauguration on Monday.
Trump is expected to announce a policy of crypto friendship, potentially including a plan to create a strategic bitcoin reserve. Further gains could lift bitcoin back towards the record high of $108,379 reached on December 17, with some analysts speculating that the cryptocurrency could reach $200,000 by the end of this year.
