Bitcoin (BTC) 
$98,500 price has reached a new peak and continues to push higher day by day. As of the time of writing, the BTC price is above $76,900. The recent surge to nearly $76,999 indicates that the price is hovering around its all-time high, which is promising for market participants.
Bitcoin Breaks Records
At the time of writing, the Bitcoin (BTC) price has risen to the $77,000 threshold, continuing to multiply its gains. In just four days, BTC has approximately increased by 15%. This rise can be attributed to supportive comments regarding cryptocurrencies made by Trump since he assumed presidency in an environment where interest rate cuts have begun.
Moreover, while this ascent continues, Google search trends and MVRV data suggest that we have not yet reached the cycle peak. Thus, Bitcoin may have embarked on its long-anticipated journey towards a six-figure price.
Political Developments Impacting Cryptocurrency
With Trump’s victory in the Senate and potential control of the House of Representatives, he may fulfill his promise for regulatory clarity regarding cryptocurrencies. Furthermore, the active role of crypto campaign groups in the US elections, with millions of dollars in spending, will likely lead to historic congresses with crypto-friendly representatives and senators.
The dull days for cryptocurrencies are over, and now everyone is keenly awaiting news from Trump. Upcoming announcements, including the name he would like to see as SEC Chairman in place of Gensler, could serve as catalysts for further price increases.
On the other hand, at the time of writing, the current SEC administration has made its latest anti-crypto decision by postponing NYSE Ethereum 
$3,474 ETF options.
