Bitcoin reached an intraday peak of $105,246 per coin, with the total value of the crypto market reaching $3.63 trillion. The surge is speculated to be linked to potential shifts in crypto policy under President-elect Donald Trump's administration, including discussions of a US strategic bitcoin reserve. While Ethereum saw a modest gain, dogecoin stood out as the leading performer, with an 8.34% rise. The surge in the market triggered significant liquidations in crypto derivatives markets, with $270.83 million in positions wiped out. The market enthusiasm is attributed to the "Trump Pump" and increasing institutional investor presence in the sector.



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