Bitcoin climbs above $105,000 on strategic reserve hopes

The price rose on news reports over the weekend that Trump would go ahead with a bitcoin strategic reserve fund, according to Tony Sycamore, an analyst at IG. "We're in blue sky territory here," Sycamore said. "The next figure the market will be looking for is $110,000. The pullback that a lot of people were waiting for just didn't happen, because now we've got this news."