Gensler's resignation, China's decision, and a call from a U.S. House member push Bitcoin to a new peak near $100,000.

Bitcoin continued to expand its profits for the fifth consecutive session on Friday, reaching a new peak near $100, as the leading cryptocurrency by market capitalization received significant technical support while approaching the psychological level of $100,000. Bitcoin's rise is bolstered by a wave of optimism among investors due to the anticipated support the currency will receive under the new administration, especially after Gary Gensler, the chair of the U.S. Securities and Exchange Commission, announced his resignation last night, stepping down from his position on January 20. On another front, a Shanghai court issued a ruling that legally guarantees personal ownership of cryptocurrencies in China, representing a significant victory for the cryptocurrency industry, which had previously enjoyed record support in the Chinese market before the regulatory campaigns imposed by authorities on crypto companies in the country. This comes at a time when a member of Congress has called for the United States to consider selling a portion of its gold reserves and replacing them with Bitcoin. In trading, Bitcoin rose by about 2.5% today, reaching $99,500, thus approaching the key psychological level of $100,000.