Bitcoin reached $106,000: how Trump's proposal for a strategic reserve is shaking up the cryptocurrency market
The rise of Bitcoin to $106,533 reflects strong market momentum, as elected President Donald Trump hinted at an innovative plan to create a strategic reserve of U.S. Bitcoins during his interview with CNBC. With a recent price of $105,688, the cryptocurrency has increased by more than 50% since the elections on November 5. Additionally, Ethereum rose about 3% to $4,014. On-chain data showed that nearly 27,000 Bitcoins worth $2.8 billion were withdrawn from major exchanges over the weekend, potentially leading to price increases due to reduced supply