Bitcoin fell below $100K early Monday as Chinese AI app DeepSeek gained popularity, triggering a risk-off market rout. Meanwhile, the U.S. SEC revoked SAB 121, allowing banks to offer crypto custody without accounting for clients’ assets as liabilities, and the U.S. President signed an order to form a crypto regulation group and explore a national Bitcoin reserve

Bitcoin and several altcoins hit an all-time high as markets anticipate a flurry of executive orders following President-elect Donald Trump’s inauguration today.

Bitcoin closed the week lower as risk assets tumbled on hotter than expected US jobs report, with prices now nearing a two-month low. In other news, the US Department of Justice approved to sell $6.5bn BTC adding to the risk-off mood.

Happy New Year, Bonne Année, Gutes Neues Jahr, and all the rest! We’re back from our holiday hiatus just as BTC once again approaches $100k. While the past few days have been relatively quiet, expect increased activity this week with Congress set to ratify the US election results and the first full week of trading since mid-December.

Bitcoin hit a new all-time high early Monday, surpassing $106K on some exchanges amid US BTC strategic reserve buzz. In other news, Microstrategy secured Nasdaq-100 inclusion, the parent company of Japanese exchange Coincheck began trading on Nasdaq, and USDC issuer Circle announced a strategic partnership with Binance.

Bitcoin finally crossed $100k in the early hours of Friday morning. It has since whipsawed either side of that number amid heightened volatility. Elsewhere, Donald Trump chose Paul Atkins to lead the SEC, following confirmation by the senate.

Bitcoin ended the week higher despite market jitters from President-elect Trump’s tariff threats on China, Canada, and Mexico. Meanwhile, Tether announced it will discontinue its EUR-backed stablecoin (EURT) due to regulatory challenges, while a U.S. court overturned sanctions on the cryptocurrency mixer Tornado Cash.

Bitcoin closed the week within touching distance of the highly symbolic level of $100k. Meanwhile, Cboe BZX Exchange filed four Solana spot ETF proposals, SEC Chair Gary Gensler announced plans to step down in January, and a Shanghai court ruled that individual cryptocurrency ownership is not illegal in China.