Good morning, brothers. BTC is once again challenging the 100,000 mark, but altcoins have yet to follow, and market funds appear to be slightly insufficient.

Let us look forward to the big market; does BTC have support and can it break through the previous high?

Yesterday, the Russian finance minister stated that Russia is using Bitcoin for international trade, which is a result of legislative changes allowing such use in response to Western sanctions. He believes that cryptocurrency has unique advantages in mitigating sanctions, inflation, and currency volatility risks.

This year, Russia has allowed the use of cryptocurrency in foreign trade and has taken measures to legalize cryptocurrency mining.

Recently, BTC's strong rise may be related to countries like Russia and Iran, which are under U.S. sanctions secretly purchasing BTC. Whether the Chinese government is secretly buying is unknown, but Russia has confirmed it.

As the date of Trump's inauguration approaches, some U.S. states have begun to try ahead of time: incorporating BTC into state fiscal strategic reserves.

In the days when BTC has fallen:

• On December 17, Ohio proposed a bill to establish a strategic Bitcoin reserve.

• Texas proposed a bill in December to establish a Bitcoin reserve.

• In November, Pennsylvania proposed using 10% of the state’s general fund to purchase nearly $1 billion worth of Bitcoin.

By 2025, it is expected that at least one U.S. state will establish a Bitcoin strategic reserve, and cities outside the U.S., such as Vancouver, may also establish Bitcoin reserves.

These are all factors driving BTC's rise; with BTC strong, altcoins can also benefit, and there is still potential in the crypto space.

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