Bitcoin (BTC) has indeed reached a new all-time high, surpassing $106,000. This surge in price is attributed to several factors, including:
* **U.S. President-elect Donald Trump's support for Bitcoin as a reserve asset:** Trump's endorsement has significantly boosted investor confidence and fueled demand for Bitcoin.
* **Institutional interest:** Large-scale investors, such as MicroStrategy, continue to accumulate Bitcoin, driving up its price.
* **Anticipation of a U.S. interest rate cut:** The Federal Reserve's potential rate cut is expected to stimulate risk appetite and further boost Bitcoin's appeal as an investment asset.
However, it's important to note that cryptocurrency markets are highly volatile, and Bitcoin's price could experience fluctuations in the future.