Bitcoin Rises to $105,000 — Can Trump's Token Boost Bitcoin Prices?

As Trump is about to begin his second term, the price of Bitcoin has soared to $105,000. Although it dipped to around $90,000 earlier this month, the price of Bitcoin quickly recovered starting Thursday, breaking through $105,000 on Friday, reaching a new high.

The new meme token launched by Trump has sparked heated discussions in the crypto community. YouTuber and investor Anthony Pompliano reminded investors to "fasten their seatbelts," as the market is experiencing unprecedented fluctuations. Trump's meme token's market cap once neared $8 billion and has now reached nearly $9 billion, becoming the focus of the market.

CNBC cryptocurrency trader Ran Neuner stated that Trump's token is not just a superficial phenomenon; it signifies the potential of the crypto market over the next four years. Most analysts believe that the crypto market will experience more volatility driven by Trump and his token.

The frenzy surrounding Trump's token seems to have also driven up Bitcoin's price, which reached $104,800 on Friday afternoon and quickly surpassed $105,900, with a 24-hour trading volume of $50.24 billion, an increase of 0.83%.

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