Bitcoin jumped over $100000 on Friday. This big price increase happened because people in the crypto world think Donald Trump might do things quickly to help crypto when he becomes president next week. It seems like Trump has changed his mind about crypto. He used to say it was a scam, but now he supports it. He even started his own crypto business and said he wants the US to be the leader in digital currencies.
People are expecting Trump to keep his promise to make the US the best place for crypto. The crypto industry is waiting for rules and laws that will make it easier to use cryptocurrencies in the US. This idea about new rules is what made the price of Bitcoin go up so much. The crypto market is reacting strongly to the hope of changes.
It’s not clear exactly what Trump will do, but the market believes he will do something to help crypto. This shows how much the government’s views can affect the price of cryptocurrencies. We don’t know the specific details yet but the general feeling that rules are coming is causing the market to move like this.