Bitcoin surged to its highest price in nearly a month, reaching over $104,000 before Donald Trump's inauguration as President. On January 17, 2025, the cryptocurrency climbed as high as $104,696 and is currently trading at $104,585, marking an increase of nearly 5% within 24 hours. The market optimism is influenced by expectations that Trump may introduce crypto-friendly policies, including regulatory changes and potentially establishing a national Bitcoin reserve. Bitcoin's price is now about 3% from its all-time high set in December. However, analysts caution that the enthusiasm could lead to a 'sell the news' reaction if proposed measures see delays, potentially impeding Bitcoin's momentum. Spot Bitcoin ETFs have recently attracted significant investments, pulling in millions over two consecutive days. The trading environment is poised for Monday's inauguration, with crypto attention expected to shift towards Trump's policy initiatives that could affect market sentiment.

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