The price of Bitcoin climbed to its highest point in nearly a month Friday, crossing$ 104, 000 on the eve of President-elect Donald Trump’s inauguration and making a push towards$ 105, 000.

According to reports from , the Republican is expected to edict a number of crypto-related professional orders, starting from SEC governmental directives to the possibility of creating a so-called nationwide Bitcoin supply.

Bitcoin has climbed as high as$ 104, 696 so far Friday and is currently priced at$ 104, 585, up nearly 5 % over the past day. The leading cryptocurrency is now about 3 % away from its all-time high price of$ 108, 135 set in December.

As inflation fears have cooled, the cryptocurrency has climbed nearly 12 % over the past week, while briefly trading hands under$ 90, 000 as macro jitters intensified Monday.

BRN scientist Valentin Fournier wrote in a Friday statement that it would take occasion for Trump to give any proposed efforts, which might affect investor sentiment.

” Investor objectives may be too optimistic”, he wrote. ” Disruptions in implementing proposed actions could trigger a’ sell the information ‘ response, possible disrupting Bitcoin’s present good momentum”.

Spot Bitcoin ETFs turned good on Wednesday, along with a highly anticipated inflation snapshot, after four consecutive days of online flows. On Wednesday and Thursday, spot Bitcoin ETFs pulled in$ 755 million and$ 626 million, respectively, according to CoinGlass.

As part of a distributed system, Bitcoin industries around the clock. In recognition of Martin Luther King Jr. Day, the stock market may be closed, but, making Friday the last day for investors to place themselves around Trump’s first evening, according to a blog on X ( formerly known as Twitter ) from Steven Lubka, head of personal users and family practices at Swan Bitcoin.

” If you’re looking at]Trump ] and saying,’ He’s got a good probability of announcing something to do with Bitcoin,’ then this is your last opportunity to put on that trade”, Lubka told . ” Once markets open Tuesday, it’ll already be priced in”.

Although Trump is likely to be the subject of the market’s attention on Monday, Juan Leon, a senior investment strategist at Bitwise, stated that if Trump fulfills his promise, other states could quickly follow.

” This conversation is evolving much more quickly than people expected”, he said. The notion that any one state or government could set up a reserve this year is therefore very real.

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