Institution: Bitcoin hits new highs, the market keeps a close eye on the $100,000 mark

UBS Bank stated that Bitcoin has reached a new all-time high due to the expectation that US President-elect Trump will support the cryptocurrency industry. UBS analyst Ipek Ozkardeskaya stated in a report that Trump may eliminate government agencies' suspicion of cryptocurrency and replace it with cryptocurrency-friendly regulatory agencies, which will allow the industry to flourish in the United States. If a comprehensive and solid policy is adopted, banks can more easily integrate cryptocurrencies into their platforms and attract more institutional funds. She said, "More demand should push up the price of Bitcoin, which has limited supply. Everyone is focusing on a price of $100,000 or more."