Bitcoin has reached a new record high, surpassing $97,000 for the first time. This surge is driven by investor optimism surrounding a potential second term for Donald Trump.

The cryptocurrency peaked at $97,788.00, reflecting a more than 3% increase. Market sentiment is shifting towards expectations of favorable regulatory changes and a possible national bitcoin reserve. In line with Bitcoin's rise, shares of MicroStrategy, seen as a proxy for Bitcoin investment, gained 3% in after-hours trading. Mining stocks also saw positive movement, with Mara Holdings up 4%. Analysts attribute Bitcoin's price trajectory to improved liquidity, growing institutional adoption, and a regulatory landscape that has become more supportive. The anticipation of larger budget deficits and potential inflation under a Trump administration is expected to further boost Bitcoin's appeal.

Bitcoin has gained over 127% in 2024 and market experts predict it could reach $100,000 this year and potentially double by the end of 2025, signaling a significant shift in the financial landscape.