The year-end party started early: Bitcoin broke a record!

The leading cryptocurrency #Bitcoin (BTC) broke a new record by reaching $106,500 after Donald Trump's statements.

Despite the heavy sales of long-term Bitcoin holders, the BTC price does not stop. BTC rose to $106,500 amid profit sales exceeding $90 billion. The rise in question came after the statements of Trump, who will take over the presidency on January 20.

When asked whether the strategic Bitcoin reserve would be like oil reserves, Trump replied, "Yes, I think so." Trump stated that he wanted to be the leading country in the crypto field and did not want to leave the market in question to China and Russia.

Bitcoin is not collapsing

Bitcoin (BTC), which exceeded $100,000 for the first time in its history on December 5, had a major collapse hours after the record in question. On that date, $BTC reached $104,000 and fell to $90,000 hours later. Indeed, BTC managed to recover more strongly after each decline.

BTC, which broke a new record on December 16, shook the world. With the #BTC price rising to $ 106,500, BTC dominance reached 57.46 percent.

According to Coinglass data, $ 332 million was liquidated from the crypto market during BTC's record-breaking rise. Approximately 100,000 traders were affected by these liquidations in the last 24 hours.

In addition to the US, there is talk in many countries that Bitcoin can be used as a strategic reserve. Russia, in particular, thinks that it can overcome the embargo in Europe with Bitcoin. Russian President Vladimir Putin had stated in the past weeks that Bitcoin cannot be blocked by anyone.

The US Fed's interest rate decision on December 18 will also affect the course of Bitcoin. Markets think that the Fed will cut interest rates by 0.25 percent. Lowering interest rates to 4.5 percent could send BTC racing to new records.