Bitcoin just hit an impressive new high of $106,000! 🚀 The surge was driven by speculation that Bitcoin could become the US reserve asset. 📈
Bitcoin's price briefly hit $106,554 before falling slightly, but it was still a nearly 5% gain in a day. 📊 Since the US presidential election on November 5, Bitcoin has surged more than 55%!
Jack Mallers, CEO of Strike, said that President-elect Donald Trump may issue an executive order to make Bitcoin a reserve asset on his first day in office. 🏛️ He said that while he won't buy 1 million Bitcoins, the move would still be significant.
Meanwhile, Dennis Porter of the Satoshi Action Fund revealed that there are plans for Bitcoin reserve laws in other states after Texas and Pennsylvania. 📝 He believes at least 10 states will introduce similar laws.
Financial analysts also predict that the US Federal Reserve may cut interest rates by 0.25% on December 18, which could push Bitcoin prices even higher. 📉 Currently, market sentiment for Bitcoin is in the "Extreme Greed" zone with a score of 83 out of 100, indicating high optimism among investors! 😄
With all these developments, it seems that Bitcoin will continue to attract attention and interest in the market! 🌟