The price of Bitcoin climbed to its highest point in nearly a month Friday, crossing $104,000 on the eve of President-elect Donald Trump’s inauguration and making a push towards $105,000.

The Republican is set to assume control of the White House Monday, and per reporting from Decrypt is likely to issue a series of crypto-related executive orders, ranging from regulatory directives at the SEC to the potential establishment of a so-called national Bitcoin reserve.

Bitcoin has climbed as high as $104,696 so far Friday and is currently priced at $104,585, up nearly 5% over the past day. The leading cryptocurrency is now about 3% away from its all-time high price of $108,135 set in December.

As inflation fears have cooled, the cryptocurrency has climbed nearly 12% over the past week, while briefly trading hands under $90,000 as macro jitters intensified Monday.

While the market appears enthusiastic about the prospect of a crypto-friendly president, BRN analyst Valent

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Author: André Beganski