Bitcoin
BTC


$104,817.61


2.74%











Bitcoin
BTC


Price

$104,817.61

2.74% /24h





Trading volume in 24h


$80,319,157,128.84



Last 7d price movement





Buy Now!












surged to a historic high above $106,000 on Monday, 16 December 2024, following remarks by President-elect Donald Trump, who hinted at plans for a US Bitcoin strategic reserve akin to the nation’s strategic oil reserve.
The announcement ignited a bullish surge among investors, pushing the world’s most valuable cryptocurrency to a record high of $106,533 before settling at $104,462, marking a 3.2% gain for the day.
Ethereum (ETH), the second-largest cryptocurrency, also saw gains, climbing 1.5% to $3,965.
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Bitcoin Next To Hit $110,000
Tony Sycamore, an analyst at IG, told Reuters that “we’re in blue sky territory here.” He claimed that 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,” Sycamore said.
Investor sentiment was further boosted by MicroStrategy’s inclusion in the tech-heavy Nasdaq 100 index. The software company, which has become one of the largest institutional holders of Bitcoin, is expected to see increased inflows, reinforcing market confidence.
Trump’s statements have reignited investor optimism for a more favorable regulatory stance on cryptocurrencies. Speaking to CNBC, Trump declared, “We’re gonna do something great with crypto because we don’t want China or anybody else – not just China but others are embracing it – and we want to be the head.”
When asked about the possibility of a Bitcoin reserve, Trump replied, “Yeah, I think so.”
Global governments currently hold around 2.2% of Bitcoin’s total supply, according to CoinGecko. The US reportedly possesses close to 200,000 Bitcoins, valued at over $20 billion at present prices.

Michael Saylor calls on the US Government to sell all of its gold and buy

$BTC

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