#MarketNewHype 📈 Bitcoin reached a new high at $106,000. What is the reason?

For the third time, an American state is developing a bill that will accept bitcoin as a strategic reserve. In the foreseeable future, at least 10 U.S. states may ratify the corresponding bill.

The overall positivity emphasizes the confidence that the Federal Reserve will continue to systematically ease monetary policy. The next Fed meeting will take place on Wednesday, January 18.

It is expected that the agency will lower the key rate by another 25 basis points. If this scenario comes true, it will surely fuel interest in bitcoin.

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