Split Capital Founder: The market is currently digesting the factors of Trump's inauguration and his optimistic stance on cryptocurrency

ChainCatcher news, according to Bloomberg, just days before Trump's second presidential inauguration supporting cryptocurrency, Bitcoin seems to be back on track to reach record highs. Since last Sunday, Bitcoin has risen by about 12%, poised to achieve its largest weekly gain since the election week in November.

Bitcoin reached a record high of $108,315 last December, but has declined in three of the past four weeks. Zaheer Ebtikar, founder of the crypto fund Split Capital, stated, "The market is currently digesting the factors of Trump's inauguration and his optimistic stance on cryptocurrency."