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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Bounces Back To $100K Ahead Of Donald Trump's Inauguration Day

Donald Trump Bitcoin Crypto Inauguration Gary Gensler Executive Order SEC Hashkey
Bitcoin traded above $100,700 at one point Wednesday night as Donald Trump prepares for Inauguration Day. (Credit: AFP)

KEY POINTS

  • 50% of HashKey survey respondents believe Bitcoin can break $300,000 this year
  • Trump is expected to sign an executive order to establish a crypto council and overturn SAB 121
  • Even Gary Gensler had some subtly positive words for the world's largest cryptocurrency

Following days of being in the red amid a broader cryptocurrency market downturn, Bitcoin returned to its throne above $100,000 Wednesday night, trading in the highs at one point.

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