There’s no doubt about it, Bitcoin is back. The original cryptocurrency is priced well above $100,000, marking a gain of 160% over the past 12 months. Crypto enthusiasts are crowing that 2025 is a breakout year for digital currencies—thanks largely to President Donald Trump’s vociferous support.

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 price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office.