Bitcoin (BTC) has successfully broken through the psychological level of US$100,000, many people are questioning whether it is too late to enlarge the investment portfolio or vice versa.

Since its price broke to the highest level in the range of US$103,630, the price of BTC has continued to move in the range of US$98,000 to US$100,000. Even so, in trading last Friday, the number one crypto asset had anchored at US$97,093, before finally soaring back to US$100,000 the following day.

This is important because Trump has said that during his leadership, the CFTC will take control of the Bitcoin and Ethereum markets. In addition, according to Fyqieh, a pro-crypto nomination will pave the way for BTC to become a US strategic reserve asset.

On the other hand, the movement of Bitcoin from the closed crypto exchange, Mt. Gox and the US government must also get more attention from investors. This is because the price of Bitcoin could face further selling pressure if there is a large movement from each entity.

As happened last Thursday. At that time, Mt. Gox moved $2.43 billion in BTC to a new wallet, sparking concerns about oversupply in the market.

“Mt. Gox currently holds 39,878 BTC, equivalent to $3.92 billion, to be returned to investors. The crypto community expects lenders to cash out large profits after getting their BTC returns. The large transfer likely contributed to the BTC decline. #btcupdates $BTC