Bitcoin (BTC) Price Breaks $97K as Donald Trump Team Reportedly Holds Talks with Crypto Leaders to Discuss New White House Role

Data from CoinGecko shows that BTC has broken above the $97,000-mark and climbed as high as $97,800 early on Thursday amid a nearly 6% spike in the last 24 hours.

Bitcoin (BTC) price surged past the $97,000-mark on Thursday and reached a new all-time high of $97,800. The surge comes amid a nearly 6% spike in BTC price in the last 24 hours.

The surge in BTC price follows a report by Bloomberg stating that the Donald Trump team is holding discussions with crypto leaders to talk about a potential new role in the White House that will focus specifically on crypto policy.

Even before the news of a supposed new crypto-centric position emerged, the crypto community was already optimistic about what the Trump administration could do for the crypto industry, which has been targeted by the U.S. Securities and Exchange Commission (SEC).

However, BTC isn’t the only crypto asset that has been impacted by the positive atmosphere. XRP, the native token of the XRP Ledger, is now the world’s 6th largest cryptocurrency.

XRP, which suffered a years-long decline following the SEC’s lawsuit against tech firm Ripple, has outperformed all other tokens within CoinGecko’s Top 10 in the past week, including leaders Bitcoin and Ethereum (ETH).

While the altcoin is only up by over 4% in the last day, it has seen a 60.7% spike in the past week compared to BTC’s week-long increase above 8%.

Cardano (ADA) has also seen a week-long surge, increasing by nearly 39% and is the second-best performer after XRP in the last seven days.

Bitcoin's Road to $100KDespite XRP and ADA's weekly performance, BTC remains the king of all cryptocurrencies and has a $1.9 trillion market cap that all other digital assets have a long road to trudge before they can rival the digital currency.

Since Trump's presidential victory earlier this month, Bitcoin has added over $20,000 and is projected to reach $100,000 before the president-elect is inaugurated in January.

Some industry experts even believe a $200,000 price target is possible before the year ends, as long as the new administration continues to embrace the sector and backs it harder than it already has during the campaign season.

As of writing, BTC has slightly retreated to the $97,000 lows but remains in the green and is in the running toward joining big tech giants Amazon and Alphabet in the $2 trillion club.