price Bitcoin It rose to its highest level in nearly a month on Friday, surpassing $104,000 on the eve of President-elect Donald Trump's inauguration and making a push toward $105,000.

The Republican is scheduled to take control of the White House on Monday, according to reports from Decryption It is likely that a series of... Executive orders related to encryptionFrom regulatory guidance from the Securities and Exchange Commission (SEC) to the potential creation of a so-called national bitcoin reserve.

Bitcoin has risen to a high of $104,696 so far on Friday and is currently priced at $104,585, up approximately 5% from the past day. The leading cryptocurrency is now about 3% away from its all-time high price $108,135 Set in December.

like Inflation fears After calming down, the cryptocurrency is up nearly 12% over the past week, while briefly trading below $90,000. As overall tensions intensified on Monday.

While the market appears excited at the prospect of a crypto-friendly president, BRN analyst Valentin Fournier wrote in a note on Friday that it will take some time for Trump to implement any proposed initiatives, which could impact investor sentiment.

“Investor expectations may be too optimistic,” he wrote. “Delay in implementing the proposed measures may lead to a 'sell-the-news' reaction, which could disrupt Bitcoin's current positive momentum.”

After four straight trading days of net outflows, Bitcoin ETFs turned positive on Wednesday alongside the highly anticipated... Inflation snapshot. On Wednesday and Thursday, Bitcoin exchange-traded funds generated $755 million and $626 million, respectively, according to Queen Glass.

As part of a decentralized network, Bitcoin is traded around the clock. In observance of Martin Luther King Jr. Day, the stock market will be closed, making Friday the last day for traders to position themselves near Trump's first day, according to mail On X (formerly Twitter) from Stephen Lupka, Head of Private Clients and Family Offices at Swan Bitcoin.

“If you're looking at (Trump) and saying, 'He has a good possibility of announcing something that has to do with Bitcoin,' this is your last chance to start that trade,” Lupka said. Decryption. “Once the markets open on Tuesday, they will already be priced in.”

Although market attention will likely focus on Trump on Monday, said Juan Leon, chief investment strategist at Bitwise. Decryption Many states could rush through with their plans Create their own Bitcoin reserves If Trump keeps his promise.

“This conversation is evolving much more quickly than people expected,” he said. “So the idea of ​​any government or country creating a reserve this year is very real.”

Modified by Andrew Hayward