Bitcoin has surged to a record high of nearly $95,000, with investors closely observing the transfer of power during President Trump's administration.

This increase in cryptocurrency value is occurring amidst speculation about potential policy changes that could impact the digital currency market.

Andrew O'Neill from S&P Global Ratings recently discussed on CNBC's Crypto World how the incoming administration's stance on cryptocurrency regulation may affect market dynamics.

These developments are being closely monitored by investors, as they could result in significant fluctuations in crypto prices.

The ongoing discussions surrounding regulatory frameworks are expected to shape the future of the cryptocurrency industry, making it a focal point for traders and analysts.