Bitcoin Hits New All-Time High, Surges Above $107,500
Bitcoin has set a new record, surpassing $107,500 on December 17, driven by bullish momentum and key developments in the crypto space.
Key Drivers of the Rally:
Pro-Crypto Policies: President-elect Donald Trump’s proposed plans, including a U.S. strategic Bitcoin reserve and crypto-friendly regulatory appointments, have boosted investor confidence.
MicroStrategy’s Bitcoin Purchase: The firm acquired $1.5 billion worth of Bitcoin, bringing its total holdings to 439,000 BTC. MicroStrategy’s inclusion in the Nasdaq 100 is expected to attract more institutional investment.
Rising Demand: Increased institutional and retail interest continues to fuel Bitcoin’s growth as a safe-haven asset.
Bitcoin’s market capitalization now exceeds $2 trillion, with a 24-hour trading volume of over $77 billion. Analysts remain optimistic, predicting further upward momentum as adoption and institutional inflows grow.
Disclaimer: Cryptocurrency investments carry risks. Investors should do thorough research before investing.
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