Bitcoin Hits Record High as Trump and Musk Boost Cryptocurrency Momentum

President Trump's endorsement and new cryptocurrency launch fuel market surge, pushing Bitcoin past $100,000 despite regulatory concerns.

Bitcoin's price reached a record $109,000 earlier this week before settling at $105,400, marking a 515% increase since early 2023.
President Trump, once a cryptocurrency critic, has embraced digital currencies, launching his own coin, which saw volatile early trading.
The global cryptocurrency market cap now exceeds $3 trillion, with investments in crypto index funds in the U.S. and Europe tripling in 2024.
Experts warn of high volatility and risks associated with crypto investments, with regulators urging caution and limited consumer protections in place.
Elon Musk's continued support for cryptocurrency highlights its potential as a decentralized alternative to traditional financial systems.