Bitcoin, the world's largest cryptocurrency, approached the previous session's record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector.

The world's leading cryptocurrency may reach $160,000 later this year, and even jump to $240,000 in a best-case scenario, according to an expert.

The price of Bitcoin ( BTC 3.64%) soared 119% in 2024, and the bulls have been out in full force lately, making predictions about where the cryptocurrency is headed this year. Most recently, the head of research at Fundstrat, Tom Lee, said the price of one Bitcoin could reach as high as $250,000 by the end of 2025.

Bitcoin, the world's largest cryptocurrency by market value, surpassed the $107,000 mark in early trading on Wednesday after the US

Bitcoin price pushed back above $106,000 as traders shook off their disappointment with President Trump’s choice to not issue a crypto-related executive order.

Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.

Brian Armstrong, CEO of Coinbase, has revealed that former U.S. President Donald Trump is excited about the idea of a strategic Bitcoin Reserve.

"I think he is excited about it. I mean, he really wants to be the first bitcoin president," Coinbase ( COIN) CEO Brian Armstrong told Yahoo Finance at the World Economic Forum in Davos, Switzerland. Armstrong met with Trump before and after the election to advocate for the crypto industry.

A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and

Bitcoin ( BTC -0.30%) has led the way, rising 5.6% in the past 24 hours as of 12:30 p.m. ET and nearly crossing $105,000 per token. Ethereum ( ETH -0.29%) is up a more modest 2.6% in that time, and Dogecoin ( DOGE -5.53%) is up 7.3%.

Bitcoin climbed back above $100,000 on Wednesday, rising on fresh inflation data that lifted stocks and regulatory news seen as bullish for cryptocurrency.