Bitcoin's price rebounded above $106,000 on January 21, 2025, buoyed by a cooling US Dollar Index and optimism about Trump's pro-America economic agenda. Following a market pullback on January 20, traders were eager for signs from the new Trump administration regarding cryptocurrency regulation, especially in light of the President's previous coverage of the crypto sector during his campaign. Though Trump did not mention crypto in his inauguration, the market responded positively to a SEC initiative aimed at developing a new regulatory framework for digital assets, led by Commissioner Hester Peirce. Bitcoin saw a 3.8% increase reaching an intra-day high of $107,240, although it remained below its all-time high of $109,588. Positive comments from banking executives about the future of crypto payments further encouraged market sentiment, indicating a broader acceptance within traditional finance if regulatory clarity improves.

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