Bitcoin prices exceed $97,000 for the first time on optimism over Trump’s crypto plans

Bitcoin prices have reached over $97,000 for the first time, driven by optimism about a more favorable regulatory environment under President-elect Donald Trump. The price rose 5.7% to around $97,445, with a market cap of $1.93 trillion. Since Trump's reelection, Bitcoin has surged 40%, reflecting increased institutional interest and inflows into Bitcoin exchange-traded funds (ETFs). The cryptocurrency has more than doubled in value this year, rising from $30,000 to its current levels. Trump's plans include creating a dedicated White House role for crypto policy, which has further boosted market sentiment. Discussions are ongoing about this position, aimed at enhancing the influence of the digital asset sector in the U.S.