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.