Split Capital founder: The market is currently digesting Trump's inauguration and his optimistic attitude towards cryptocurrencies

Odaily News Just days away from the second presidential inauguration of crypto-friendly Trump, Bitcoin appears to be back on track for record highs. Bitcoin has risen about 12% since last Sunday, on track for its biggest weekly gain since election week in November. Bitcoin hit a record $108,315 in December but has fallen in three of the past four weeks. Zaheer Ebtikar, founder of crypto fund Split Capital, said: "The market is currently digesting Trump's inauguration and his optimism about cryptocurrencies." Earlier news, Trump planned to issue an executive order to elevate cryptocurrency to a policy priority and give industry insiders a say in his government. (Bloomberg)