$BTC

Bitcoin prices hovered near record highs, boosted by optimism that U.S. President-elect Donald Trump will implement policies that are favorable to cryptocurrencies. Bitcoin prices rose 6.1% to $81,234, approaching the record high of $81,899 set overnight, according to data from the London Stock Exchange Group.

Zaye Capital Markets analyst Naeem Aslam said in a report that traders are "very hopeful" that Bitcoin can reach its $100,000 target this week.

However, he also said that this may worry some traders who may believe that Bitcoin has risen "too high, too fast" and may soon be due for a correction.

Nonetheless, he said the cryptocurrency market believes that Bitcoin could become the "ultimate digital gold" under Trump, and some traders expect the price of Bitcoin to reach $150,000 by the first quarter of 2025.