The cryptocurrency surged more than 2.5% to $10,200 on Monday

Bitcoin broke through the $100,000 barrier again as the largest digital asset regained momentum, as the U.S. Congress prepared to certify Donald Trump’s election victory.

The cryptocurrency rose 2.5% to $102,000 on Monday. Through Sunday, it had gained about 6.5% for the week, its biggest since Nov. 24, according to data compiled by Bloomberg.

Bitcoin’s record run in late December eased as investors took profits. But optimism about a pro-crypto administration led by Trump earlier helped push the cryptocurrency to a record high of $108,315. Congress will meet to certify Trump’s victory on Monday.

Bitcoin Predictions for 2025

“2025 is expected to be a major bull run for Bitcoin thanks to the regulatory reforms that the Trump administration will launch,” said Khushboo Kullar, a partner at Lightning Ventures, which invests in Bitcoin-related companies.

The positive turnaround came after investors pumped a net $908 million into U.S.-based bitcoin exchange-traded funds on Friday, the fifth-largest inflow since the funds launched in January 2024, according to Bloomberg data. The funds had posted a record net outflow of $680 million on Dec. 19.

Another positive sign for traders is the rebound in the Bitcoin Premium on Coinbase, which tracks the difference between the price of the currency on leading U.S. exchange Coinbase Global Inc. and global exchange Binance Holdings Inc.