#Bitcoin Hits an All-Time High of $106,900 – What’s Behind the Jump?
1️⃣ U.S. States Adopting Bitcoin as Reserve: ▪️ A third U.S. state is drafting legislation to adopt Bitcoin as a strategic reserve. ▪️ Projections suggest 10+ states could follow suit in the near future.
2️⃣ Federal Reserve Policy Easing: ▪️ Market optimism is bolstered by expectations of continued monetary easing. ▪️ The next Fed meeting on Wednesday, January 18, could bring another 25-basis-point rate cut.
3️⃣ Bitcoin’s Growing Appeal: ▪️ With interest rates likely to drop further, Bitcoin remains an attractive hedge against inflation.
📊 What’s Next? ▪️ Experts suggest this rally could attract more institutional interest, potentially driving prices even higher. 🚀