Bitcoin is on the rise again, nearing the significant $100,000 price mark. It has recovered from its longest losing streak since the surge following Donald Trump's presidential victory.
Since then, Bitcoin has appreciated by around 40%, driven by expectations of a more favorable regulatory environment under the current administration, which has expressed support for the crypto sector.
On Friday, Bitcoin reached an all-time high of $98,943 before experiencing a decline over the next four days. However, it has since rebounded, rising as much as 4.7% to $95,934 on Wednesday. This year alone, Bitcoin's value has more than doubled, reflecting increasing investor confidence and market optimism.