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Bitcoin Surges $107,000 Awaiting Strategic Reserve

Bitcoin continued its upward trend on Monday, setting another record thanks to strong fundamentals, Forbes reports.

The world's most famous digital currency, which has been steadily breaking all-time highs in recent weeks, reached $107,580, according to Coinbase data from TradingView.

After another surge, the flagship cryptocurrency slowed its bullish run, but remains in positive territory on Tuesday. By 09:11 Moscow time, Bitcoin was trading around $106,600, keeping an eye on the $107,000 mark, which the coin has yet to confirm breaking.

Several analysts have noted the strong performance, including TikTok user Wendy O.

“As 2024 comes to a close, we look forward to and hope for a crypto-friendly president to take office,” wrote crypto influencer Wendy O.